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The
Massachusetts Department of Agricultural Resources
Agricultural Preservation Restriction (APR) Program is a
voluntary program which is intended to offer a
non-development alternative to farmers and other owners of
"prime" and "state important" agricultural land who are
faced with a decision regarding the future use and
disposition of their farms. Towards this end, the program
offers to pay farmers the difference between the "fair
market value" and the "agricultural value" of their farmland
in exchange for an APR, a permanent restriction which
precludes any use of the property that will have a negative
impact on its agricultural viability.
The state’s
investment in the APR Program benefits farmers, the state’s
agricultural industry, the state and local economies,
consumers and the general populace in a number of important
ways.
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The program works to bolster the
state’s $532,000,000 agricultural industry by helping to
keep farms in active commercial use, and by sending an
important signal to the industry and its farmers that
Massachusetts is serious about encouraging a strong and
viable agricultural economy.
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Farmers whose land is accepted
into the program are able to realize equity from their
land without being forced to sell their farms for
development purposes. The equity is often reinvested
back into the protected farm by way of the purchase of
more land, equipment or buildings and through the
retirement of farm debt.
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A major portion of APR
participants spend all or most of their APR funds
locally, thereby creating a link between private and
public benefit, and adding credence to the assertion
that APR monies benefit more than just individual
farmers and, in reality, work to stimulate local and
state economies.
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The APR Program often represents
the only means by which farmers are able to plan their
estates to allow for the transfer of ownership of their
farms to their children. By reducing the value of
restricted farmland to its agricultural value, gift or
inheritance taxes can be greatly reduced, thereby
eliminating the need for second generation farmers to
sell their farmland in order to pay taxes.
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APR restricted farmland represents
an opportunity for young farmers just entering the
business and other farmers in need of additional land to
purchase affordable farmland. The program serves to
stabilize farmland values and guarantee the long-term
availability of farmland. This factor is especially
important in areas with escalating land values and is
critical for farmers who rent a large percentage of the
land that they farm.
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By protecting farmland, the APR
Program works to secure a continued high quality of life
for Massachusetts residents. Farmland not only
contributes to the scenic beauty of the state, but it
provides for clean air and water, wildlife habitat, and
recreational opportunities.
Since its
founding, the Franklin Land Trust (FLT) has assisted dozens
of farmers and other owners of farmland in western
Massachusetts apply to the APR Program. In addition, in
many cases FLT has expedited the APR application and payment
process by up-fronting the cost of such things as appraisals
and title work, and by pre-acquiring the APR. |