Next Generation Farmland Acquisition Program (Next Gen)
The Next Generation Farmland Acquisition Program (Next Gen) helps qualified beginning and first-time farmers purchase farmland in Maryland. Offered by Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO).
Key Facts
- Funder
- Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO)
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Maryland
- Categories
- Community Development
- Status
- Open
About This Grant
The Next Generation Farmland Acquisition Program (Next Gen) helps qualified beginning and first-time farmers purchase farmland in Maryland. MARBIDCO serves as a conduit financing agent, paying up to 51% of the Fair Market Value of the land only (capped at $500,000) by purchasing a farmland conservation easement option on the property, functioning as down payment assistance for farmland acquisition. The farmer then has several years to sell a permanent easement to a rural land preservation...
Full requirements and application instructions: official listing.
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