Prime Hemp Properties Available in Northeast Kingdom
Editorial Note: This post was written as part of a paid business partnership.
Hemp farmers and entrepreneurs from around the country who are looking for excellent farmland at reasonable prices are seriously considering Vermont’s Northeast Kingdom (NEK). Long considered a rustic and remote slice of the state, the long-depressed economic climate of NEK is starting to take a U-turn since the recent national legalization of hemp farming coupled with increased tourism.
Five-generation farm families as well as “suits” looking to invest capital in an exploding industry are now turning their binoculars toward hemp farming and processing, and this “NEK” of the woods still has fertile acreage available.
“Over the past 18 months or so, the demand for ag land has increased in large part due to hemp farmers and investors,” said Nick Maclure, who co-manages the largest and top-producing Real Estate firm based in the NEK – Century 21 Farm & Forest based in Derby. “Thankfully, in the NEK, we have a good supply of ag land, so prices are still very affordable compared to other areas of the state. Our Green Mountain climate, fertile ground, low permit fees, favorable political landscape, and the Vermont Brand have all drawn cannabis entrepreneurs and farmers to Vermont. We love driving around and seeing farms being repurposed and revitalized while maintaining their agricultural core.”
Farm and Forest Realty was founded in 1993 by Nick’s father, Dan Maclure, and has prospered because of hard work, a talented team of realtors and rental agents, the acquisition of other firms, and the purchase of the Century 21 franchise. Dan was a dairy and cattle farmer before and after his company’s successful rise, and is currently growing hemp on his farm. Despite Farm and Forest Realty’s success in representing commercial and residential properties, the firm still specializes in farms and land parcels of all kinds.
Right now, there are some sizeable NEK properties for sale that could be the perfect location for expanding hemp farmers, large-scale growers, or even hemp processors looking for a larger factory.
For those looking for a place to jumpstart their dream of hemp farming on gorgeous land, there is a 300-acre farm in Caledonia County near Lyndonville that overlooks the White Mountains, including Burke Mountain Ski Area. The property was a dairy farm before being converted into a boarding school in the late 1990s.
There are 13 structures on the property, built or renovated between 1920 and 2000, that encompass a total of 58,000 square feet. There is a dormitory that can house up to 96 people, a dining hall with large scale kitchen, and 22 classrooms including an art studio, theatre, computer lab and dance studio. There is also an administrative building with 14 rooms and a large farmhouse that was used for recreation and woodworking. There are numerous fertile hayfields plus a sugarhouse, community center, and meeting house.
Besides farming, the possibilities for this property are endless! The trails that wind through the meadows and woods could enhance group retreats, and the view is perfect for a backdrop to weddings and family reunions … or an all-inclusive mountain-getaway resort. There are two spring-fed ponds that reflect idyllic sunsets, and a recreational field. Access is easy through Interstate 91, and yu can get more information and views of the property by visiting https://farmandforest.com/listing/4731027/2684-king-george-sutton-vt-05867-9626/
A River Runs through 950 Acres
What about hemp growers who are thinking larger-scale agriculture? Dan has a 950-acre farm listed with three miles of Missisquoi River frontage that also borders on Big Falls State Park! The land offers 600 acres of mature woodlands, with 300 acres of rich, fertile farmland – ideal for hemp crops. There is a valuable gravel resource on the property and a Timber Valuation Report on file.
The homestead includes a 2-story/3-bedroom/3-bath farmhouse with an in-ground pool and gazebo, a manmade pond, and two large barns that could be converted into hemp-drying space at harvest with living quarters for workers. It could also be renovated into a B&B or retreat or used to store farming machines and tractors.
This rare gem is located two miles from the Canadian border, 90 minutes from Montreal, 10 minutes from Jay Peak, and 20 minutes from Lake Memphremagog. There are miles of trails and road frontage along and through the property.
For more information and photos of this farm visit: https://farmandforest.com/listing/4662147/319-vincent-road-troy-vt-05859/
Bliss Out at Mount Bess Farm
The featured hemp farm of the week is Mount Bess Farm with over 1,600 acres of stunning views and wildlife. The property consists of 12 separate parcels of land, including two homes, a shop and horse barn, pond, expansive hayfields, woods, and pastureland, as well as miles of interior roads – ideal for a larger-scale hemp operation! The house is situated at the end of the road and overlooks a 1.5-acre spring-fed pond and has had recent upgrades and remodels.
There is also a 56 X 82 horse barn near the main house with an office or tack room with a ¾ bath.
Between the main house and the horse barn is a 100×40 building which houses the shop, office and storage space. It has a compressor and electric hoist, a heated office, ¾ bath and large (unheated) storage area perfect for tractors, RVs, boats etc. There are also reliable water resources/irrigation systems – key to successful hemp operations – with the property boasting multiple streams and brooks, two natural springs and three drilled wells.
The guest house sits down near the base of Mt. Bess over a half mile away from the main house, barn, and shop.
The land is comprised of about 350 acres of crop and pastureland with the remaining woodland beckoning nature walks, snowshoeing, Nordic skiing, ATV-ing, snowmobiling, hunting, fishing, and horseback riding that can be enjoyed without leaving the property. With about two miles of road frontage – one mile on Hudson Road, frontage on both sides of Mount Bess Road (which is maintained by the town), plus frontage on Route 5A – this farmland is ready to be tilled!
This prime land can be purchased with 732A for $1,690,000 or 1608A for $2,390,000. Terms considered for qualified Buyers. Broker Owned.
For scenic views of the farm and surrounding woodlands, visit: https://farmandforest.com/listing/4678063/849-mount-bess-road-charleston-vt-05872/.
Vermont Hemp Processing Plants in Short Supply
With all of this farmland being converted to acres of hemp crops, and tons more flower harvested each year, one important part of CBD production that needs to catch up is the number of processing plants. Vermont needs more of them! One 25-acre property in Newport boasts a 46,000-square-foot building that could be used for manufacturing (or indoor grows). The main level consists of 35,000 square feet with an 11,000+ square-foot walkout lower-level.
The site received substantial permitting and infrastructure for over a 100,000-square-foot expansion which did not occur. Site work completed in preparation for this addition included enhanced fire protection and upgraded power, as well as increased storm water retention capacity. Furthermore the site is within a designated Foreign Trade Zone, as well as the Opportunity Zone (part of the Jobs Acts & Tax Cuts) and it could also qualify for New Market Tax Credits. It needs an updated HVAC system (and is priced accordingly).
The steel-framed building overlooks scenic Lake Memphremagog, but it’s not visible from Lake Road. The parcel is on the outskirts of Newport City and has easy access to Interstate 91. It’s only a few minutes from the Newport Airport and only 15 miles to the Canadian Border.
To see more images of this property, visit https://farmandforest.com/listing/4736327/172-bogner-newport-city-vt-05855/.
If any of these properties get your cannabis entrepreneur juices flowing, call Nick or Dan Maclure at 802-334-1200 and set up a time to see these beautiful properties up-close. The time to invest in hemp properties is right now.