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CHEAP LAND FOR SALE!

Rhode Island is plowing new ground. The state is starting a program to buy farmland and sell it cheap to beginning farmers, The Associated Press reports. The goal is to keep them from moving to other states, where land is cheaper. Under the program, the state will buy land at its full appraised value (its worth if developed), then resell it at the agricultural appraised value (its worth as a farm). That can be a savings of up to 80 percent off the full value. The condition is that it must remain a farm. Other states offer new farmers tax credits and loans, but no state has a program like this one, according to the National Farmers Union.

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Title Annotation:STATE LINE; Rhode Island farmers program
Publication:State Legislatures
Article Type:Brief article
Geographic Code:1U1RI
Date:May 1, 2018
Words:118
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