Current through October 15, 2024
Section 250-RICR-110-00-8.11 - Resale of Purchased Farm Property to the Farmer-BuyerA. The resale value of farm properties purchased under these rules will be set at no less than 10% below and no more than 10% above the current Agricultural Value of the farmland, as determined by an independent appraisal to be contracted by DEM. B. Proceeds of the sale of any farm property sold under these rules shall be deposited into the original bond account that was used to purchase the farm property, consistent with R.I. Gen. Laws § 42-82-5.250 R.I. Code R. 250-RICR-110-00-8.11