Here are some important SFIA dates to keep in mind.
Deadline to register your forest management plan with the DNR to be eligible for SFIA the following calendar year.
Deadline to submit SFIA application to Dept. of Revenue. Covenant also must be recorded with county recorder's office by this date
Dept. of Revenue mails annual certification letters to all SFIA enrollees.
Deadline to submit an updated forest management plan, if necessary. Plans must be updated every 10 years to remain eligible for SFIA payments
Deadline to submit annual certification letters to the Dept. of Revenue.
Dept. of Revenue sends out annual incentive payments.
SFIA payment rates are adjusted each year based on statewide average market values and tax rates. However, they cannot decrease or increase by more than 10 percent per year. Payment rates vary according to the kind of covenant you have:
- SFIA land that is also in a conservation easement has only one covenant length and therefore only one payment amount.
- SFIA land without a conservation easement has three possible covenant lengths and three corresponding payment levels based on the length of the covenant and the number of acres enrolled.
The estimated 2018 payment rates are:
Payment Rate (per acre)
Fewer than 1,920 acres enrolled: $9.13
Fewer than 1,920 acres enrolled: $12.64
Fewer than 1,920 acres enrolled: $16.15
Note: If your land was enrolled in SFIA in 2017 and also has a conservation easement, the payment rate is $7.00 per acre and that land is limited to an 8-year covenant.