Home | Contact Us | Site Map |  802-223-5234


Donate

farm for sale image of fields and lake

 

The Landon Farm in South Hero is for Sale

We are selling  the 169-acre Landon Farm in South Hero, Vermont, as part of our Farmland Access Program.

The Landon Farm was conserved in 2003 in partnership with the South Hero Land Trust, the Lake Champlain Land Trust, and The Nature Conservancy of Vermont.

We are looking for a qualified farm buyer to purchase and operate the Landon Farm.

VLT is willing to lease the farm for up to two or three years before a buyer would acquire the farm. Minimum lease payments of approximately $1,000/month would cover holding costs. Payments made beyond the minimum amount during the lease period would be applied towards the purchase price. Alternatively, VLT is willing to hold an interim mortgage on the property or provide some bridge financing to a selected farm buyer, if that is necessary to complete the sale. Final terms of a mortgage would be negotiated between VLT and the selected buyer.

Once a buyer is selected, a final transition plan will be negotiated.

This is a unique opportunity to acquire a farm in the Lake Champlain Islands with easy access to Burlington.

 

Property Description

The 169-acre farm is located on both sides of Landon Road directly off Route 2 in South Hero.

See Photos

View the embedded image gallery online at:
http://www.vlt.org/initiatives/landon#sigProGalleria27a6090e54

The farm has 100 acres of cropland and pastures. The hayland and pastures have been organically managed and high tensile fencing has been installed around the perimeter. Watering systems and cattle lanes have been installed in the pastures.

The soils include a mix of sandy, silt and clay loams suitable for a variety of cropping options. The varied slopes and field and pasture locations are ideal for a mixed-use livestock farm as well as for a CSA. The woodland includes a maple sugarbush with approximately 2,000 taps. The primary water source is a drilled well.

The farm includes the following buildings:

  • Two-story, 3-bedroom, timber-frame house with +/- 2,300 square feet of living space plus additional +/-1,500 square feet of space in the basement
  • 4,000 square-foot super structure barn
  • 30’ x 40’ garage with an attached shed that was used as a poultry processing facility

 

Conservation Restrictions and Conditions

The Landon Farm is subject to an existing farmland conservation easement that requires the land to remain a working farm in perpetuity, engaged in agricultural, forestry, non-commercial recreational, and educational uses.

The conservation easement includes a 3-acre farmstead complex on which the existing house and barns are located. Within this complex, additional agricultural and/or forestry-related structures can be built without prior approval from VLT. A second house and additional farm structures may be constructed within the three-acre northern farmstead complex.

Other agricultural and forestry-related structures may be built elsewhere on the property with prior written approval of VLT except within the designated scenic protection zones. There are additional provisions included in the easement to ensure the long-term affordability of the property to future owner-operators include:

  • An option to purchase at agricultural value, allowing VLT to purchase the farm at its agricultural value should the buyer (or a future owner) attempt to sell the farm to a non-farmer.
  • A provision in the easement limiting the future dwelling within the northern farmstead complex to 1,800 square feet of living space and to a height no taller than 27 feet.

 

Price of the Farm

The farm will be sold at its current appraised value of $460,000. Should a buyer enter into a lease agreement, the price of the farm will be $460,000 at the end of the lease period (minus any additional payments made during the course of the lease).

 

Selection Process

VLT will select a proposal from a buyer who best fits the following criteria:

  • Price: (a) willingness of the buyer to meet our asking price; and (b) ability to pay cash at closing and/or proof that all necessary purchase financing has been, or can be, secured.
  • Farm Enterprise: The farming enterprise described in the buyer’s proposal is: (a) well suited to the size, soils, and configuration of the farm; (b) well adapted to local markets for farm products and will contribute to the local farm economy; (c) likely to encourage long-term commercial use of the farmland; and (d) economically feasible.
  • Farming Experience: Demonstrated farming experience and training that relates to the proposed farm operation.
  • Food & Fiber: Priority will be given to those proposals where food or fiber for human use is produced.

VLT is often presented with several good proposals, so this is a competitive process. Reaching a final decision on the farm buyer involves several steps. A decision-making team consisting of VLT and SHLT staff members will reach a consensus on the top-tier proposals, followed by in-person interviews and reference checks for these top-tier applicants. Upon completion of this process a final buyer will be selected.

 

Requirements of Proposal

If you are interested in making an offer, we will need the following information:

  1. The amount of your offer and any conditions. This is not a binding offer, rather an indication of what you would be willing to pay, when you would be able to close on the purchase, and what you might condition your offer on should you be selected as the buyer of the property (e.g. the sale of your home, financing, etc.).
  2. Documentation that you can finance the purchase price. This can be a farm-business balance sheet; a statement of your assets/net worth; or it can be any combination of such materials that will assure us that you have the financial resources to complete the purchase. If you are selected as a finalist you will need to secure a letter from a bank approving financing at that time.
  3. Preliminary land-use plan for the farm. This would include a broad overview of the near- and long-term use of the land. Please indicate any changes and improvements to the property you envision and how you would finance these improvements; be sure to provide documentation for this financing.
  4. A 3-year income and expense projection of your proposed farm operation.
  5. Your qualifications that indicate that you can successfully execute your business plan. Strong agricultural references would be very helpful.
  6. Any other information that you think is important for us to consider. This may include an analysis of local agricultural markets, a SWOT analysis, or press regarding past agricultural operations.

 

How to Submit You Proposal

Please send your offer and related materials to:

Jon Ramsay
Vermont Land Trust
8 Bailey Ave.
Montpelier, VT 05602.

To request additional materials, call This email address is being protected from spambots. You need JavaScript enabled to view it. at (802) 533-7705.

If you have any further questions about the farm resource and process, or if you cannot make this deadline, but are interested in the farm, contact us anyway; we will keep you informed of the progress of the farm sale.

 

 

 

© 2014 Vermont Land Trust | All rights reserved.