At a recent ULI Food and Real Estate Forum in Tarrytown, New York, property developers, homebuyers, and agricultural professionals all spoke about the importance of food-based amenities when it comes to real estate.
“One of the hottest trends in new home development is incorporating agriculture,” said Sarene Marshall, executive director of the ULI Center for Sustainability. “Communities that include working farms are popping up all over the country.”
The increase in farmland is no shock to many. The real estate value of agricultural land in the U.S. amounts to approximately $2 trillion.
“Preserving farmland cane the only way that you get a suburban development project approved,” said Daron Joffe, chief farming officer for the Leichtag Foundation and Coastal Roots Farm, who goes by “Farmer D.”
According to UrbanLand, “agrihoods” (agricultural neighborhoods), are enticing prospective homebuyers all over the country and New York is no exception.
“There is a big difference between protecting a farm and protecting farming,” Marshall added, “which relies on a larger economy that includes the tractor dealer and seed supplier.”
Real estates that involve some form of agriculture can create a connection with the community to support a more sustainable and overall food-based economy.
The County Courier reports that New York State Legislature is even celebrating the protection of agricultural property in the state.
A new Joint Resolution of the New York State Senate and Assembly will commemorate the 20th anniversary of the state’s Farmland Protection Program. Since 1996, NYS has provided more than $140 million to permanently protect 59,000 acres of agro property across 29 New York counties.
“These farms are a strong economic driver in the area,” said Judy Gianforte, Conservation Manager for the Cazenovia Preservation Foundation, “supporting over 100 vendors of farming supplies and equipment with their dairy and crop operations, as well as protecting prime fishing streams and helping to maintain local natural resources and soils through their use of the land.”