Background and Information
We are selling the 192-acre Tracey Farm in New Haven and Waltham, Vermont as part of our Farmland Access Program. The Tracey Farm was conserved in 2005.
We are looking for a qualified farm buyer to purchase and operate the property. Once a buyer is selected, a final closing date will be negotiated. We anticipate closing in the summer of 2014, but we are agreeable to a short-term lease, if needed, to enable a buyer to have access to the property while the final stages of a sale are completed.
The 192-acre farm is located on both sides of Hallock Road in New Haven and Waltham and includes 165 acres of organically managed cropland and pasture.
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The farm has 140 acres of prime and statewide agricultural soils, including a mix of sandy, silt, and clay loams suitable for a variety of cropping options.
The farm includes the following buildings:
Conservation Restrictions and Conditions
The farm will be sold subject to a perpetual farmland conservation easement that will include an option to purchase at agricultural value. This option allows 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. This provision is added to the easement to ensure the long-term affordability of the property to future farm owner-operators.
Ten acres surrounding the barns are excluded from the conservation area and may be subdivided from the remaining 182 acres. A house, septic system, and additional barns may be constructed within these 10 acres. Other agricultural and forestry-related structures may be built elsewhere on the property with prior written approval of VLT.
Price of the Farm
The 192-acre farm will be sold at its current appraised value of $330,000.
VLT will select a proposal from a buyer who best fits the following criteria:
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 these top-tier applicants.
VLT will then consult an independent advisory committee to make a final decision. 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 by June 23, 2014:
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.
We look forward to hearing from you.
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