Governance and Membership

Terrafirma established a Members Committee to represent member land trusts and oversee management by ARMS. The Members Committee has eight members representing eight regions across the United States plus one member appointed from Vermont. The Committee members are elected for staggered three-year terms and are also responsible for approving policies and strategic direction. The diversity of land trusts is reflected through the members Committee from national, regional (state) and local land trusts, both accredited and non-accredited.(45)

In 2021, conservation easements comprised the most insured rights at 86% of total number of properties. The total market value of all Terrafirma assets increased from US$8,864,692 in 2019 to US$10,094,158 in December 2020, with its total equity reaching over US$7.2 million.(46)

Table 2: Growth in Terrafirma over 8 years

45. Johnson Lambert LLP (2020), Terrafirma Risk Retention Group LLP Audited Financial Statements Years ended December 31, 2020 and 2019

46. Johnson Lambert LLP (2020), Terrafirma Risk Retention Group LLP Audited Financial Statements Years ended December 31, 2020 and 2019