Benefits of the State's Farmland Preservation Program
o
Participation
in the program is voluntary, and therefore does not infringe on
private property rights.
o
Protected
land remains privately owned and on the tax rolls.
o
Reinvestment
of PDR funds in equipment, livestock, and other farm inputs stimulates
local agricultural economies.
o
The
reduced market value of the protected farmland reduces estate taxes,
thus facilitating the transfer of farmland from farmers to their
children.
o
The reduced market value of the protected farmland also makes the land
more affordable to new farmers or others who want to buy it for
agricultural purposes.
o
The program provides farmers with liquid capital that can enhance the
economic viability of farming operations and help perpetuate family
tenure on the land. For
example, the proceeds from the sale of development rights may be used
to reduce debt, expand or modernize farm operations, invest for
retirement, or settle estates.
o
The
program selects farms that have a high percentage of prime farmland
soils.
o
The
program selects applicants who own active farms in established farm
communities, thus reducing fragmentation of farmland and increasing
the viability of farm operations.
In farm communities, farmers can more easily share equipment,
trade farm products, and support local service providers, such as
veterinarians. In
addition, they can operate without the threat of nuisance complaints
from residential neighbors related to farming odors, noise, or dust. |