How Will I Be Compensated for My Land?

  • Fair Market Value. Fair Market Value will determine the amount that an owner will be offered for their share of interest in a fractionated tract.
  • $75 Base Payment. The Program will provide landowners with a base payment of $75 per offer, based on estimates for the time and effort required for individual landowners to proceed through the acquisition process and to facilitate sales.
  • Funds will be deposited into the landowner’s Individual Indian Money (IIM) account.

Indian Education Scholarship Fund

For every interest sold, a contribution will be made to the Indian Scholarship Fund – up to $60 million. The Scholarship Fund will be managed by a third party non-profit organization (American Indian College Fund).

Amount Funded per Fractional Interest:

  • For every purchase of a fractional interest funds will be added to the scholarship fund.
  • Participation in the Program is not required for a student to apply to receive financial assistance.

Things to Consider

  • If you live on or make use of the land, visit your local BIA Real Estate Service Office to confirm that a valid lease or land use permit is in place.
  • If you sell your land interest, you will no longer receive any revenue generated from that tract of land.
  • The value of minerals are taken into account during the appraisal process.
  • Minerals cannot be severed from the land (doing so would not meet the purpose of reducing fractionation).

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Read More: What is my first step as a landowner?

Cheyenne River Sioux Tribe

Land Buy-Back Program

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