Plowing a path: State to buy farms to help new farmers #Business [Video]

Cristian WorthingtonFeedToPost, MondoPlayer Twitter

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PROVIDENCE, R.I. — Rhode Island is launching a program to buy farms and sell them to new farmers for dirt cheap.A farm bought for $500,000, for example, could then be sold for $100,000. It is an unconventional approach to ensure that farming remains viable.The National Farmers Union knows...

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PROVIDENCE, R.I. — Rhode Island is launching a program to buy farms and sell them to new farmers for dirt cheap.

A farm bought for $500,000, for example, could then be sold for $100,000. It is an unconventional approach to ensure that farming remains viable.

The National Farmers Union knows of no other state that buys …

Though some critics say this is not the role of state government, Rhode Island sees it as a way to keep young entrepreneurs from moving to other states, where land may be cheaper. It also could attract other farmers to the state, though retaining farmers who already are here is the main goal and the selection process favours Rhode Island farmers.