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How a Qroe Farm Preservation Development
Project Helps You:
- Your land is studied to determine what areas should be set aside
for farming.
- The farmland is permanently protected by a deeded easement system
allowing the farmer to continue farming the land as he alone determines.
- You are explicitly granted the right, in perpetuity, to farm
the ground as you reasonably see fit. This right can be transferred,
sold, or willed to others at any time. You also keep all profits
from the farming operation.
- You retrieve capital out of the farm at current market rates,
thereby eliminating property debt service.
- Real estate tax liability is transferred to new homeowners –
the new owners of all the land.
- Homeowners financially underwrite the farming without interfering
with the day-to-day operations.
Three Ways to Work with Qroe:
Direct Sale
Qroe Farm may purchase the property from you outright and carry out the Qroe Farm program itself. Sellers may elect to maintain life estates, or stay involved in farming and land management, or simply turn these functions over to Qroe. While this approach is the simplest way to ensure the future of your productive land, it introduces finance costs which generally require higher densities than joint ventures. Even in the case of a simple, direct sale, Qroe Farm Preservation Development, strongly prefers to maintain a close relationship and public support from the seller, from planning, through approvals and sales.
Development Participation
A variety of co-development scenarios are possible that enable the land-owner to participate in the project’s profits and direction, by deferring portions of the land acquisition proceeds. Generally, as lots are sold, the land owner receives in cash the full market value of the property as agreed upon at the beginning of the project. Once all project costs are repaid, the land owner also shares in the profit. A joint venture approach typically results in the most significant reductions in overall density and impacts.
Consulting
In some circumstances, Qroe Farm will study, entitle and develop the land and market it for you for a fee. You continue to own the land and reap the profit from the endeavor. You incur the expenses of development.
Contact Robert
H. Baldwin for further information.
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