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MARYLAND AGRICULTURAL LAND PRESERVATION FOUNDATION
(MALPF)
Purpose
The Maryland
Agricultural Land Preservation Foundation has been in existence since
1977 and provides a unique opportunity to assure that agricultural land
will remain in Maryland. Landowners have used the sale of their
easements for many purposes, including:
- To finance the
purchase of their farm or additional farmland;
- For retirement;
- For estate
planning and settlement;
- To finance the
improvement of an existing farming operation;
- To invest in the
production and marketing of new farm products;
- To finance the
restoration of an historic home; and/or
- To pay of
existing debt.
P rogram
Summary
The Maryland
Agricultural Land Preservation Foundation permanently preserves land by
purchasing agricultural preservation easements on properties. For your
property to qualify for the program, minimum size and soil eligibility
criteria must be met.
Qualifying Criteria
Location: Land must be located outside the 10-year water and
sewer service area.
Size: The minimum size for a MALPF agricultural
preservation
easement is 50 acres. Landowners of smaller parcels may join together to
form an eligible tract as long as each parcel has development rights to
extinguish and each parcel meets soil eligibility.
Application Process
All applications shall be submitted to the Prince George’s Soil
Conservation District. The District shall review applications to verify
that the properties meet the program's minimum qualifications. Next,
each application goes through a county approval process which includes
review by the local agricultural preservation board, the County Planning
Board, the County Council and the County Executive. Once approved by the
county, the application is evaluated by the Foundation for final
approval.
Value of Easement
Two
independent fee appraisers are selected by bid to establish a Fair
Market Value (that which a developer might pay) for your property.
Appraisal reviewers at the Maryland Department of General Services will
select one of the two appraisals (or three if you submit an appraisal)
which reflects the most accurate and documented work. Appraisals
calculate Fair Market Values only for the land, and not the improvements
on the property.
The Foundation calculates
an Agricultural Value for the property, which is its agricultural
production value. The Agricultural Value is determined by a formula that
calculates land rent based on the soil productivity or the five-year
average cash rent in the county, whichever is lower. The Easement Value
of the property is then calculated by subtracting its Agricultural Value
from the Fair Market Value. The maximum price that the Foundation can
pay for an easement is either the landowner's Asking Price or the
Easement Value, whichever is lower.
Payment Options
Lump Sum Cash Payment
A
landowner will receive a lump sum cash payment for the
purchase of their
development rights.
Installment Purchase Agreement
This
option is not available at this time. However work is being
done so that this
option will be available in the near future.
Children's Lots
The owners of
record at time of easement sale have the choice of an unrestricted lot
or a family lot. The number of lot exclusions available varies according
to qualifying acres. Location of the children’s lots must be approved by
the local preservation board and the MALPF board.
[See MALPF fact sheets
3,5]
www.malpf.info/
PRINCE GEORGE’S COUNTY PARTICIPATION TO DATE:
As of July 1, 2007, two
parcels for 565 acres have been permanently preserved. An additional
nine parcels for 635 acres are going through the easement process.
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