. Cranberries; : the national cranberry magazine. Cranberries. 13) If he has owned the land for less than 10 years and he changes the use of the land he is subject to a penalty of up to 10% of the sales price for the first year, decreasing to 1% in the 10th year. So a grower must see a financial (benefit before he will come under lithe act. The carrot that the Com- imission must offer in return for a illegal commitment of the farmer's island to agriculture under the act is [(that his real estate valuation will be lower than it presently is — other- jwise there is absolutely no incentive for a
. Cranberries; : the national cranberry magazine. Cranberries. 13) If he has owned the land for less than 10 years and he changes the use of the land he is subject to a penalty of up to 10% of the sales price for the first year, decreasing to 1% in the 10th year. So a grower must see a financial (benefit before he will come under lithe act. The carrot that the Com- imission must offer in return for a illegal commitment of the farmer's island to agriculture under the act is [(that his real estate valuation will be lower than it presently is — other- jwise there is absolutely no incentive for a grower to come under the act. The Commission's values of last 'year for the cranberry industry : would not encourage any grower to come under the act. There are very jfew towns that are presently asses- ! sing cranberry property as high as it 'would be assessed using the high end of the range of your combined values for bog and upland. To come under the act a grower (must feel he is being treated j equitably. The record here is not very good. (1) The first year the Commission established bog values at $500-$800/acre based on the Univ. of Mass. capitalized rental formula. We agreed with the values and the method which was used on all other types of agricultural land. (2) The second year the Commis- sion ended up with bogs at $1000-$1800/acre and a new undefined category called up- land at $100-$300/acre. These values were arrived at by what we believe to be an incom- plete analysis of sales prices. Cran- berries were the only classification where sales information was used rather than the capitalized rental formula. To be equitable we believe all land under the act should be classified under the same methodol- ogy and the same categories where 1 possible. Most important, the grower must feel he can depend on the stability of land values under the 1 act for an extended period of time because of the long term liability he assumes by coming under the act. Again, the record here s
Size: 1317px × 1898px
Photo credit: © The Book Worm / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookcontributorumassamherstlibraries, bookspons
