Take a look at this link...should post on the watchdog.
Land Trusts Seek Deals During Recession, Prepare for End of Bond Funds By Josh Stephens on 29 November 2011 - 2:33pm
"So far, money has flowed smoothly enough during the recession for land trusts large and small around the state to make major acquisitions. For example: . The Nature Conservancy has, according to Yandell, recently been adding roughly 10,000 to 15,000 acres annually in easements and outright purchases to its statewide total - roughly 400,000 acres.
. The Eastern Sierra Land Trust has acquired roughly 4,000 acres since 2008, more than doubling its total holdings.
. The Sonoma Land Trust recently made one of its biggest acquisitions ever, a 6,000-acre assemblage along the Jenner Headlands, at the mouth of the Russian River.
Others have suffered decreases in donations and bureaucratic impediments"
See article in attached pdf.