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What Is Farmland Of Local Importance?

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Farmland of local importance refers to agricultural land that is recognized and designated by a local government or municipality as having significant agricultural value and importance within its specific jurisdiction.

It is a designation that highlights the importance of preserving and protecting agricultural land at the local level.

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AcreTrader farmland investing platform$8,000+View InvestmentsYesUS Farmland, Timberland, Vineyards

Farmland Investing 101

Farmland has provided investors with consistent returns for decades, but gaining exposure to this alternative asset has been a challenge in the past.

Today, you can invest passively in farmland through crowdfunded real estate platforms like AcreTrader.

AcreTrader Investment

Instead of buying a farm yourself, investors pool their money together. And instead of managing the farmland yourself, AcreTrader takes care of that. They handle everything from the paperwork to finding a suitable farmland renter.

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To date, the team over at AcreTrader has funded 149 properties, totaling over $365 Million in equity raised. This has been invested into over 50,000 acres of farmland.

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This is a sponsored promotion for the AcreTrader platform. Farmland Riches, LLC and it's members may have investments in companies represented on the AcreTrader platform. This informational post is by no means a promotion, solicitation, or recommendation of any specific investment.

How Does It Work?

The criteria for designating farmland of local importance may vary depending on the specific goals, priorities, and land use policies of the local government.

Some common factors considered for designation may include soil quality, agricultural productivity, historical significance, proximity to urban areas, regional food security, and the overall agricultural significance to the local community.

Designation as farmland of local importance typically aims to safeguard the agricultural character and economic viability of the local area.

By recognizing the importance of agricultural land, local governments can implement measures to protect it from non-agricultural development and support sustainable farming practices.

What Are The Benefits?

The benefits and regulations associated with farmland of local importance also vary depending on local ordinances and policies.

They may include zoning regulations that prioritize agricultural use, financial incentives for agricultural activities, support for agricultural infrastructure development, and programs that encourage the preservation and conservation of farmland.

These designations help ensure that agricultural land remains an integral part of the local landscape, economy, and culture.

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Each parcel is divided into shares, and investors can purchase shares to earn cash distributions as well as benefit from the land value appreciation.

Farmland Riches is affiliated with AcreTrader, and we may earn a commission when you sign up for AcreTrader.

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