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Luzum Heritage Farm Applications Open
Posted: Thu, January 11, 2018
The Sustainable Iowa Land Trust announces it is reopening applications for sustainable food farmers from every background for SILTís premier farm in Northeast Iowa Ė 70 acres of pasture, organic grain and timber with an historic, well-maintained 4-bedroom farmhouse with solar and geothermal and multiple outbuildings. The successful applicant has the opportunity to purchase the farm equipment interest-free over time. This opportunity, first offered in 2017, is being presented again due to the short window available for the first round of applications.
SILT offers qualified candidates a 3-year lease on the buildings and land which will result in an offer to the successful farmer of a 20-year inheritable ground lease (to be extended as allowed by Iowa law so long as the farmer remains in compliance) and option to purchase the home and barns. No down payment is required, and farmers will gain equity in the infrastructure if they so choose. The current tenant is on a one-year lease, understands that applications are open and has been invited to apply as well.
SILTís costs include the Payment, Interest, Taxes and Insurance on this property equaling $13,446 per year. SILT administrative charge of 2 percent brings the base cost to $13,800. SILT is offering discounted 1st year rent of $12,800 with second and third year at $13,800. Rental rate is negotiable with the right applicant. Be sure to discuss with a SILT representative.
Potential sources of income include livestock, fruits, vegetables, nuts, seed, AirBnB, agri-tourism, workshops and more. The farm is conveniently located less than 10 minutes from Decorah.
SILT farmers are eventually third-party certified as organic, naturally grown, Food Alliance, biodynamic and for livestock, Animal Welfare approved.
Application materials and deadlines available here. Please read all materials before contacting us with questions at email@example.com