FREDERICK, Md. – The Frederick County Agricultural Land Preservation Program is accepting applications for the Installment Purchase Program (IPP) easement program. The IPP is the County’s farmland preservation program, which purchases agricultural preservation easements that restrict development on prime farmland and woodland.
The Installment Purchase Program was established by the Board of County Commissioners of Frederick County in 2002. Through the use of Installment Purchase Agreements, the program pays the farmer tax-free interest over a 10 to 20-year term with a balloon lump sum principal payment at the end of the term. The IPP has preserved more than 22,000 acres of farmland in Frederick County since it began in 2002. It is one of several agricultural preservation programs managed by the Frederick County Division of Planning and Permitting. Combined, both programs have preserved over 75,000 acres of farmland, of which 71,654 acres have been permanently preserved.
Interested applicants should contact Shannon O’Neil no later than Friday, September 1, by calling 301-600-1411 or via e-mail at Soneil@frederickcountymd.gov.