$1.5M Farm Offered Free with Unusual Conditions

A Maine property owner, Mike Maher, is offering a 50 to 100-year lease on a 34-acre farm for free, with the condition that the lessee develops it into an organic farm. The land, valued at $1.36 million, lacks water and power, and the farmhouse and barn are not included. Maher, who bought the property for $1.5 million in 2021, aims to ensure the farm's viability for future generations. The offer, posted by Maine Farmland Trust, has attracted several inquiries despite the challenges involved.