The Land Buy-Back Program for Tribal Nations implements the land consolidation component of the Cobell Settlement, which provided $1.9 billion to purchase fractional interests in trust or restricted land from willing sellers at fair market value. Consolidated interests are immediately restored to tribal trust ownership for uses benefiting the reservation community and tribal members.
There are approximately 245,000 owners of nearly three million fractional interests across Indian Country who are eligible to participate in the Buy-Back Program. The Program has identified 105 locations where implementation will occur through mid-2021. This schedule includes more than 96 percent of all landowners with fractionated interests and more than 98 percent of both purchasable fractional interests and equivalent acres in Program-eligible areas.
The Program released its 2015 Status Report in November 2015, which summarizes its implementation to date and significant economic impact in Indian Country.
Offer Deadlines Approaching -- Owners Must Respond Soon!
Offers are currently outstanding for landowners with fractional land interests at:
Landowners can contact the Trust Beneficiary Call Center at 888-678-6836 or visit their local Office of the Special Trustee for American Indians (OST) to update their contact information, ask questions about their land or purchase offers, and learn about financial planning resources. More information and detailed frequently asked questions can be found on the Landowers page to help individuals make informed decisions about their land.
The Program mailed a customer satisfaction survey in June 2016 to landowners who received a purchase offer in 2014-2015, with a return by date of July 25, 2016. Responses to the survey will help the Program better understand why landowners are/are not participating in the Program and what, if any, improvements the Program can make to better serve landowners.