Michigan Option to Purchase Farm Land to be Developed for Industrial or Commercial Purposes
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FAQ
10% of the world's arable acres lie within the United States. Agriculture contributes $992 billion to the American economy each year. 31 million acres of farmland lost to development, in total, between 1992 and 2012. That's 175 acres per hour of agricultural land lost to development 3 acres per minute.
Under MCL 324.3601, certain farmland in Michigan may be enrolled in a development rights program by which the owner may receive state income tax credits for property taxes paid. To be eligible, the farm must be at least five acres in size and 51% or more of the property must be committed to an agricultural use.
Michigan produces more than 300 commodities, making us the state with the second most diverse agriculture industry in the nation just behind California. Michigan has a diverse commodity mix that is made up of about 60 percent crops and 40 percent livestock.
If current development trends continue, 1.3 million acres of California agricultural land, including 670,000 acres of prime, unique and statewide important farmland, will be developed by 2050.
AN ACT to define certain farm uses, operations, practices, and products; to provide certain disclosures; to provide for circumstances under which a farm shall not be found to be a public or private nuisance; to provide for certain powers and duties for certain state agencies and departments; and to provide for certain
About 3.4 million acres of land in California's agricultural counties are now urbanized. (Another 2 million acres are in areas that are so urbanized that there is no more agriculture.) Development is now consuming an average of about 40,000 acres of agricultural land per year.
Not only is farmland a good investment in an inflationary environment farmland also provides robust average annual returns. Between 1992 and 2020, farmland provided average annual returns of nearly 11%, including income and price appreciation.
Best Yield Yet: 5 Steps to Take to Nourish Your FarmlandEstablish a shared understanding of what makes for healthy soilDecide what tillage practices are best for your farm.Establish or diversify your crop rotation.Use cover crops that maintain living roots year-round.Manage your soil's health and nutrition.
Courts have confirmed that the Michigan RTFA is Constitutional. All 50 states have Right to Farm statutes, and only one state, Iowa, has had its RTFA ruled as unconstitutional.
A Farmland Development Rights Agreement (known as PA116) is a temporary restriction on the land, where the landowner voluntarily agrees to preserve their land for agricultural use in exchange for certain tax benefits.