Gleason Grains

73 acres • $330,000

Property Owner:

Farmer or farm family

Contact Name:

Jon Ramsay

Property Location:

2076 East Street in Bridport
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The Land

Total number of acres available with this property:

73.0

Total acres available for agriculture:

57.0

Acres of forested land:

16.0

Acres of cropland or tillable land:

52.0

Acres of pasture:

0.0

Quality of land:

Of the 52 acres of tillable land at Gleason Grains, 40% are in wheat and the balance of the land is rotated with soy beans, black beans, rye, buckwheat, clover, and hay. It is a well-managed organic farm. Soils types include Nellis stony loam of 3% to 8% slopes and Swanton fine sandy loam. Both are classified as prime agricultural soils and are light, sandy, and highly productive soils. The remainder of the farm includes Vergennes clay of 2% to 6% slopes, Covington and Panton silty clays, and Farmington stony silt loam.

Farm Information

Water sources present:

Available

Water sources details:

Water is provided by a drilled well, with a municipal source available. A pond is located on the farm and has some irrigation potential.

Barns and sheds:

Available

Farmer housing:

Available

Farmer housing details:

• Farmhouse, very good condition, 1,500 square feet of living space, built in 1993. • Tenant house, good condition, 850 square feet of living space, currently leased.

Equipment and machinery:

Available

Equipment and machinery details:

The real estate purchase price does not include any equipment or supplies. A buyer interested in acquiring any of the supplies or equipment should indicate this in their proposal. A full list of the equipment and asking prices will be available upon request.

Farm infrastructure details:

• Former dairy barn (c. 1930±), 4,368 square feet. Currently used as a shop and machine storage. • Machinery shed, 1,200 square feet of space. • Grain mill barn (c. 1990/2010), 720sf (ground floor). • Four grain bins: 60 tons, 30 tons, 10 tons and 8

Tenure Arrangement

Tenure arrangement:

Property for sale

Property for sale:

The purchase price of the farm is $330,000, which is the current appraised value subject to the conservation easement. A buyer will need to secure financing for this amount at closing. The buyer will then work with VLT to conserve the farm after the purchase.

Sale price:

$330,000

Additional Information

As part of our Farmland Access Program, VLT is working with the owners of Gleason Grains to find a new farmer to buy the land. We are looking for someone who will run a commercial farm business.

Interested farmers will need to submit a proposal (see website). The Vermont Land Trust and its advisory committee will then select a proposal as part of a competitive process.

The property is located nine miles from Middlebury at 2076 East Street in Bridport with dramatic views of the Adirondacks and the Green Mountains. The Gleasons bought the farm in 1979 and began organic farm operations in 1980. Since 1981, it has been used as an organic wheat and crop farm. The commercial milling operation was started in 1982 and has operated continuously since. An upgrade with a new mill building, equipment, and increase in production occurred in 2010. The farm is VOF certified.

Currently, the farm rents tillable land in a few nearby fields, bringing the total working area up to 125 acres. Grain is milled on site and marketed in the region to several wholesale customers. The total annual milling is approximately 50 tons. The gross annual income from the farming operation is approximately $60,000. The property is enrolled in the State of Vermont Current Appraisal Land Use Program; taxes in 2106 were $5,670.

The farm will be sold subject to a perpetual farmland conservation easement that will allow all types of agricultural uses and new agricultural structures. Allowed uses of the tenant house under the conservation easement include as family or farm-labor housing or as a leased house for additional income. The conservation easement will include the option to purchase at agricultural value. This option allows VLT to purchase the farm at its agricultural value should the buyer (or a future owner) attempt to sell the farm to a non-farmer. This provision helps ensure the availability of the property to future farmers. Additional farm labor housing may be constructed with prior approval.

We are hosting two open houses at the farm to allow potential buyers to see the property. They will be Wednesday, December 6 and Saturday, December 9 from 10:00 am to 2:00 pm.: or Jon Ramsay, Vermont Land Trust, 8 Bailey Ave., Montpelier, VT 05602. Please go to www.vlt.org/gleason for more information. To request additional materials, call Jon Ramsay at (802) 533-7705 or [email protected].