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Abstract

Environmental legislation of the 1980s makes it possible for government agencies to order cleanup of contaminated property and recover cleanup costs. Such orders give rise to the question, "Who pays if contamination is found?" All partiesbuyers, seller, operators, lenders, and others-involved with farm land are potentially liable for cleanup costs and are taking steps to reduce their risk exposure. At the same time, new strategies for financing toxic cleanups have been developed both in the public

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