Wake County is now accepting applications for a new program aimed at preserving farms.
The aims to conserve Wake County鈥檚 nearly 700 farms and help combat North Carolina鈥檚 ranking as the .
In the last nine years, Wake County lost nearly 20% of its farm and forest land. Officials say if the county continues at its current growth rate, all unprotected land will be developed in the next 25 to 50 years.
鈥淣o other county in the state has our combination of both booming urban development and vibrant rural agricultural land, but we must work to preserve this precious balance that makes Wake County truly unique,鈥� said Vickie Adamson, Wake County Commissioner in a press release.
Wake County is taking strong steps to protect farms and forest land from an increasingly hot development market. The new Farmland Preservation Program aims to conserve Wake County鈥檚 nearly 700 farms! Learn more and apply! wakegov.cov/farmland
— Wake County Government (@WakeGOV)
The new program will offer two additional conservation options for landowners to preserve the current status of their agricultural land.
The (EVAD) program is a voluntary program in which landowners make a 10-year agreement to keep agricultural production on their land. In exchange, landowners "can receive up to 25% of gross sales from the sale of non-farm products, yet still qualify as a farm under state statute," according to the county.
The second option is an which comes with tax benefits that may include federal income tax reduction and estate tax deduction.
