Farmland Development Rights Agreement
By: Danelle E. Harrington
A Farmland Development Rights Agreement (known as “PA116”) is a temporary restriction on the land, where the landowner voluntarily agrees to preserve their land for agricultural use in exch Continue reading
There are two main property tax benefits afforded to agricultural property in Michigan, the Qualified Agricultural Property Exemption and the exemption from uncapping when agricultural property is transferred to a new owner.
The first, the Qualified Agricultural Exemption, is an Continue reading