The way it's done in the example I used is that they lease the land. They assess the land for its agricultural value, because, of course, all farmland is not equal. There is some excellent farmland and some that is very marginal. They classify the land and assess its fair market value, and the lease pays the full fair market value over a period of 15 years. They've had very good uptake with that from the farmers in Whatcom County.
On May 4th, 2010. See this statement in context.