During and at the term of the agreement several things could happen. Land may be sold at any time for agricultural use. Agreement transfers with the land and the new owners are subject to the agreement provisions. New owners become eligible for tax credits provided minimum eligibility requirements are met. Town adopts Exclusive Ag zoning.
Agreement remains in effect until expiration.
Agreement terminates on specified expiration date. Land use restrictions and tax credit eligibility end unless land is under Exclusive Ag zoning or a new agreement is signed. It is extremely difficult to terminate an agreement before its natural expiration. If the agreement is terminated early, all or part of the tax credits received must be repaid to the state. This page is continually under construction.