Coming in the Future

MARBIDCO will work with commercial lenders to help qualified beginning or young farmers purchase farmland for sustainable agricultural uses. Initially, the program expects to employ a financing tool called an “easement purchase option” to help farmers obtain mortgage financing. Using this tool, MARBIDCO would help a prospective farmer meet the equity requirements of a financial lender by buying the development rights of the land that farmer is purchasing at the time of settlement. Such a transaction would enable that farmer to purchase land that he/she would not otherwise be able to afford.

Representatives from MARBIDCO, the Young Farmers’ Advisory Board, the Maryland Ag Land Preservation Foundation, and commercial lenders are currently working to refine the programmatic details.

The program is not yet funded, but a funding source has been proposed in legislation pending in the Maryland General Assembly.

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