Farm for Sale in West Haven
We are selling Purple Burdock Farm in West Haven through our Farmland Access Program. Farmers who are interested in operating a commercial farm business on the land are encouraged to attend an open house and submit a proposal.
The owners of Purple Burdock Farm and the Vermont Land Trust are looking for someone who will buy the farm by the end of 2017. The buyer will need to secure $200,000 in financing; additional financing will be provided by the Vermont Land Trust. After the buyer has the farm, they will work with the Vermont Land Trust to conserve it.
Purple Burdock Farm is close to Fair Haven (15 minutes), Rutland (30 minutes) and Middlebury (40 minutes). At the end of a dead end road, this 48-acre parcel is a rich, flat, elevated, somewhat sandy peninsula near the mouth of southern Lake Champlain. It is bordered by the Poultney and Hubbardton Rivers. The unusually fine sandy-loam soils were used for potato and onion cultivation and, more recently, for a commercial vegetable farm. The lack of rock in this soil makes it extremely well-suited to intense vegetable production. About 68% of the property has prime and statewide soils; Elmridge and Windsor sandy loam soils make up the majority of the farm. The land can be certified organic; 16 acres are tillable and 4.5 acres are pasture.
The owners have added two high tunnels (the smaller of which is not currently used), a greenhouse, a walk-in cooler, and a productive agricultural well for irrigation. There are two houses, one suitable for farm labor.
The farm includes the following infrastructure:
- Farmhouse: good condition, 2,244 square feet, with attached heated sun room and attached garage
- Log cabin: good condition, 1,296 square feet, 2 bedrooms
- Barns and sheds: four structures used for storage and workshop space. Some need repairs and maintenance
- Three greenhouses: personal property of the owners. A buyer would need to buy them separately to keep them as part of the property. They are not included the $200,000 purchase price.
Purchase Price of the Farm
The purchase price of the farm is $200,000, which is the current appraised value subject to the conservation easement.
A full list of the equipment for sale and asking prices are available. A buyer interested in any of the supplies or equipment should indicate this in their proposal. The price of the real estate does not include any equipment or supplies.
The farm will be sold subject to a perpetual farmland conservation easement that will allow all types of agricultural uses and new agricultural structures. The conservation easements will include the option to purchase at agricultural value. This option allows the Vermont Land Trust to buy the farm at its agricultural value should the buyer (or a future owner) attempt to sell the farm to a non-farmer. This provision helps ensure the long-term affordability of the property to future farmers.
We are hosting two open houses at the farm to allow potential buyers to see the property. They will be Wednesday, July 12 and Saturday, July 15 from 10:00 am to 2:00 pm.
We strongly recommend attendance at an open house, since there is limited availability to see the farm outside of these dates. Interested parties are asked to email or call Jon Ramsay if planning to attend. His phone number is (802) 533-7705.
Requirements of Proposal
If you are interested in submitting a proposal, we will need the following by August 14, 2017:
- Any conditions on a purchase. This is not binding, rather it is an indication of 1) what you would be willing to pay and under what terms; 2) when you would be able to close on the purchase; and 3) 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.).
- Documentation that you can finance the purchase price. The Vermont Land Trust does not expect a letter of approval for financing at the time of the proposal submission. Please indicate the anticipated source of financing, this can be a cash flow projection; 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 or pay the rent. If you are selected as a finalist, you will need to secure a letter from a bank approving financing at that time.
- 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.
- A three-year income and expense projection of your proposed farm operation.
- Your qualifications that indicate you can successfully execute your business plan. Strong agricultural references would be very helpful.
- Any other information that you think is important for us to consider. This may include an analysis of markets to sell products, a SWOT analysis, or press regarding past agricultural operations.
Please send your offer and related materials to: Jon Ramsay, Vermont Land Trust, 8 Bailey Ave., Montpelier, VT 05602. To request additional materials, or if you have further questions, call Jon at (802) 533-7705 or send him an email. If you cannot make this deadline but are interested in the farm, please contact us anyway; we will keep you informed.