WASHINGTON, D.C. – The Department of the Interior has announced that nearly 1,800 landowners with fractional interests at the Omaha Reservation in Nebraska have been sent more than $26.5 million in purchase offers from the Land Buy-Back Program for Tribal Nations. Landowners who received offers have until Oct. 28, 2021 to consider and return accepted offers.
The Buy-Back Program implements the land consolidation component of the Cobell Settlement, which provided $1.9 billion to consolidate fractional interests in trust or restricted land within a 10-year period set to expire in November 2022. As of Sept. 15, 2021, approximately $101 million remains. To date, the program has consolidated nearly 4,100 fractional interests and more than 2,200 equivalent acres at the Omaha Reservation and seeks to build on this prior success.
“The Buy-Back Program is working hard to build on the achievements of the initial implementation at the Omaha Reservation,” said Assistant Secretary – Indian Affairs Bryan Newland. “It is a unique opportunity for landowners to consider fair market value offers for their fractional land interests. Acceptance of the voluntary purchase offers will help preserve the land for generations to come.”
Interests consolidated through the program are restored to tribal trust ownership. Program purchases unify reservation lands for tribal benefit and use, such as economic development, infrastructure, housing, cultural preservation and rights-of-way.
Landowners can contact the Trust Beneficiary Call Center at 888-678-6836 or [email protected] with questions about their land and/or purchase offers, or to request a copy of an appraisal report for any appraised tract in which they have an owner interest. Landowners can also contact their local Bureau of Trust Funds Administration office with additional questions.
Detailed frequently asked questions are available at https://www.doi.gov/buybackprogram/faq. Additional information to help individuals make informed decisions about their land, available at https://www.doi.gov/buybackprogram/informeddecisionmaking
