Family Seeks to Buy Farmland to Lease to Regen Farmer in NE IL (Farmer Application Due Dec 1)

[Nathan Aaberg]

We want to share news of a unique farmland access opportunity in northeastern Illinois. A family in the Chicago area seeks a soil-regenerating farmer to work with in finding farmland that the family would purchase and then lease to the farmer on a long-term basis.

 
The family has secured the sale of a farmland property in Minnesota and wishes to roll over the proceeds into a property in northeastern Illinois through a 1031 Exchange process. The family estimates the amount they will have available to purchase a farm (which could be made up of more than one property) as part of this project to be ~$650-$900k.

The family intends to use their farmland purchase to create a new long-term farmland access opportunity for an organic and/or regenerative farmer.  The farmland will subsequently be leased to a farmer who would have the option to purchase some or all of the property in the future. 

 
"Our goal," the family told us, "is to help regenerate land in Illinois with the help of the farmer and be able to watch it all happen.”

The exact details of the opportunity (including what counties are of interest in northeastern Illinois and what kind of farmer(s) the family is looking to collaborate with) are described in the Request For Application (RFA) you can find here. The deadline for applying to collaborate with the family on this project is Monday, December 1 by 11:59 p.m.

 
The Land Connection’s Illinois FarmLink program is assisting the family with this project but does not represent them.

 
Please note that the RFA provides details about this unique opportunity. Please read the RFA carefully before deciding to apply. I am attaching a Word version of the application. As per the RFA, completed applications should be emailed to ash...@thelandconnection.org.

Sincerely,

Nathan Aaberg

Illinois FarmLink Director

The Land Connection

217-840-2128, ext. 750

www.illinoisfarmlink.org

www.thelandconnection.org

206 N. Randolph St., Suite 400

Champaign, Illinois 61820

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[Nathan Aaberg]

UPDATE: I'm attaching a revised copy of the RFA in PDF form as well as of the application Word file. The family interested in buying land and then leasing long-term to a regenerative farm family now has direct email listed (farmqu...@gmail.com) that you can use to reach out to them with any questions and submit your application.