Here’s what you need to know about the landmark deal unveiled this week to phase out most private ranching in the 71,000-acre Point Reyes National Seashore, including what key players are saying about it and how it could shape the prized park’s future.

Most cattle ranching at Point Reyes National Seashore will soon come to end under an agreement announced Wednesday by the National Park Service. Under the deal, 12 of 14 ranches in Point Reyes will cease operations and end their leases within 15 months in exchange for compensation,

Of the 14 ranches at Point Reyes, 12 will surrender their leases in the next 15 months. Two beef ranches will remain in operation.

The settlement in a three-year-old lawsuit is said to involve a roughly $30 million buyout of leases for the seashore’s remaining dairies and cattle ranches, ending an era of private farming within the park that stretches back to its formation in 1962.

The agreement between environmentalists and ranchers resolves decades of conflict over land use at the California national seashore.

Point Reyes ranchers will soon surrender their leases to settle a contentious land-use dispute, ending an agricultural era.

The announcement did not include details of the voluntary buyouts brokered by The Nature Conservancy and said to total about $30 million. At least two ranches are seeking to continue under 20-year lease extensions.