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Farms For Sale or Lease

These farms are being sold as part of our Farmland Access Program.

Tenney Farm in Fayston

LaFreniere Farm in Hinesburg

Patenaude Farm in St. Johnsbury and Waterford

Berthiaume Farm in Fairfax

 

 

 

Tenney Farm for Sale in Fayston

Overview

The Vermont Land Trust is selling 283 acres of farm and forestland in Fayston, Vermont to a highly qualified individual or organization who will develop a new farm enterprise on the land. This is a unique opportunity made possible by the former owner, Skip Tenney, who donated the land to VLT to ensure it will remain undeveloped and actively used for agricultural and forestry purposes.

VLT envisions the applicant will develop an agricultural enterprise that fits the size and scale of the farm’s agricultural resource, maintains the forest using sound management practices, and accommodates public recreational access to trails on the property and adjacent lands.

Property Description

The Tenney Farm is a scenic and secluded hill farm on Marble Hill Road in southeastern Fayston, a couple of miles southwest of the village of Waitsfield. The property includes 30 acres of rolling open land and 248 acres of forestland accessible from nearly one mile of frontage on Marble Hill Road. The southerly portion of Marble Hill Road is an unmaintained, Class IV section of road, which is used by the public for non-motorized recreation.

See More Photos

View the embedded image gallery online at:
http://www.vlt.org/initiatives/tenneyfarm#sigProGalleriad16bb77962

The Tenney Farm includes approximately 30 acres of open land available for agriculture. Historically the fields have been used for pasture, hay, and crops for the dairy and poultry farms that operated between 1940 and 1955. Since that time, the fields have been kept open through annual haying or brush hogging. The property’s elevation ranges from 1,200 feet to 1,700 feet. The topography and agricultural soils present opportunities for a variety of agricultural enterprises, including orchards and fruit production, or grass and pasture-based operations featuring goats, sheep, poultry or cattle.

The property includes: a four bedroom 1850s farmhouse; a 40’ x 20’ cattle barn with an attached 50 x 20’ four-bay shed and a freestanding woodshed. These structures range in condition from fair to poor. A home inspection report is available for review. The house has a new septic system with the capacity to serve four bedrooms.

The property’s expansive forestland is characterized by several forest types including: northern hardwoods, hemlock, red spruce, red pine and a mixed plantation. A 52-acre sugarbush located in the southeasterly corner of the property is subject to a maple tap lease by a local maple syrup producer until 2034. There has been no commercial logging on the property for at least forty years. The quality of the timber is mixed, but generally good. There are three wetland areas on the property, including a vernal pool, a beaver complex, and a seepage swamp, as well as other areas that are commonly damp.

Several public trails traverse the Tenney Farm, including the Catamount Trail, and four-season recreational trails used by the public for walking, skiing, and mountain biking. These trails connect to the Town of Fayston’s Chase Brook Forest, which adjoins the Tenney Farm to the west, and to a network of recreational trails located on State and private lands to the south and east of the farm.

Conservation Easement

The Tenney Farm will be sold subject to a conservation easement that ensures long-term agricultural and forestry use of the land. New agricultural and forestry structures may be built on the farm and the existing home maintained. The conservation easement will also include an option to purchase at agricultural value. This option allows VLT to purchase the farm at its agricultural value when the buyer (or a future owner) seeks to sell the farm. This provision is added to the easement to ensure the long-term affordability of the property to future farm owner-operators.

Price of the Farm

The asking price is $225,000. This is the appraised restricted value of the 283-acre property subject to a Vermont Land Trust conservation easement and future farmer affordability provisions, as described above.

Open Houses

We are hosting two open houses at the farm. They will be held on September 4th from 10 a.m. to 2 p.m. and on September 13th from 10 a.m. to 2 p.m. The open houses will be your opportunity to walk the property, inspect the house and barns, and ask questions of VLT staff.

Please This email address is being protected from spambots. You need JavaScript enabled to view it. or call her at (802) 496-3690 if you plan to join us at an open house. Visiting the property is strongly recommended. If you are unable to make either of these dates but would like to visit the property, please contact us and we’ll try to arrange another time.

Concept Submission Process

Interested buyers are asked to submit a letter of interest by October 13, 2014. The letter should not exceed ten pages and should address the following areas:

  1. What is your agricultural concept for the Tenney Farm property? Please include a broad overview of the near- and long-term use of the land.
  2. How will you ensure the forestland remains productive and viable?
  3. What qualifies you or your organization to implement the vision you’ve described? Agricultural references are helpful.
  4. Any conditions of your offer. This is not a binding offer, rather an indication of 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.)
  5. 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.
  6. Any other information that you think is important for us to consider. This may include an analysis of local agricultural markets, press regarding past agricultural operations, or a description of how your farm will contribute to agriculture in the Mad River Valley community.

Please send your letter and related materials to: Jon Ramsay, Vermont Land Trust, 8 Bailey Ave., Montpelier, VT 05602, or This email address is being protected from spambots. You need JavaScript enabled to view it. . E-mail is preferable. To request additional materials, This email address is being protected from spambots. You need JavaScript enabled to view it. or call him 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.

Selection Process

VLT will select a concept 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; and (c) 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.
  • Community and Recreation: The Tenney Farm serves as an important recreational resource for the Mad River Valley community. Proposals for farm and forestry operations that can work in conjunction with recreational activities and contribute directly to the local community, through educational offerings or other on-farm activities, for example, will be elevated higher in the selection process.

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 staff members will reach a consensus on the top-tier proposals, followed by in-person interviews and reference checks for final candidates. Additionally, VLT may seek input from an independent advisory committee before reaching a final decision. Upon completion of this process, a final buyer for the Tenney Farm will be selected.

We look forward to hearing from you.

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