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33 <br /> 1 Slide #17 <br /> Potential Funding <br /> Deferred taxes from farmland coming out of <br /> + the Present Use Value program <br /> =1 %Grants <br /> rAg Development and Farmland Preservation <br /> Trust Fund <br /> n Z Golden Leaf <br /> ➢NC Tobacco Trust Fund <br /> ➢Orange County Farm Bureau <br /> 2 <br /> 3 Commissioner Greene asked how healthy the Ag Development and Farmland <br /> 4 Preservation Trust Fund is currently. <br /> 5 Mike Ortosky said he did not know the number, but they primarily look to support <br /> 6 easements. He said the county received funds because it needs to be someone who can hold an <br /> 7 easement. He said it would go through a farmland protection program. He said they can find out <br /> 8 the information for the number. <br /> 9 <br /> 10 Slide #18 <br /> Orange County Vision for Agriculture: 2025-2029 <br /> • Farm viability is enhanced, and farmland is maintained and <br /> stewarded for agricultural uses through judicious land use planning <br /> and educational, logistical, and financial support. <br /> • Citizens and decision-makers have the information and resources <br /> they need to support local agriculture and the farming community. <br /> • Farmers are supported in their livelihoods with educational, <br /> financial, and infrastructural resources. <br /> 11 <br /> 12 Commissioner Portie-Ascott asked if a farmer wants to sell, does the new buyer have to <br /> 13 keep the property as a farm in the case of present use value. <br /> 14 Jane Saiers said it is not a requirement. She said that present use value is a tax benefit <br /> 15 that is associated with land that is in agriculture but if it is sold, it goes out of present use value <br /> 16 and the tax increases. <br />