• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Real Estatefarming

Farmer turns down $15.7 million offer from data center developers: ‘It breaks my heart … the rest of every square inch is going to get built on’

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
February 21, 2026, 2:46 PM ET
Data center developers offered $60,000 per acre for 261 acres of farmland.
Data center developers offered $60,000 per acre for 261 acres of farmland.Getty Images

Preserving farmland for future generations was so important to a farmer in Pennsylvania that he rejected a deal worth more than $15 million from data center developers, according to Fox 43.

Recommended Video

Instead, 86-year-old Mervin Raudabaugh sold development rights for less than $2 million to a trust that will preserve his land.

“I was not interested in destroying my farms,” he told the TV station on Monday. “That was the bottom line. It really wasn’t so much the economic end of it. I just didn’t want to see these two farms destroyed.”

After farming for more than six decades in Silver Spring Township, which is outside Harrisburg, Raudabaugh recalled being offered $60,000 per acre by the developers for his 261 acres—amounting to $15.7 million.

But in December, the Lancaster Farmland Trust bought the development rights for just under $2 million, guaranteeing that Raudabaugh’s land will only be used for farming.

“We see from many farm families their desire to ensure that that farm remains a farm forever and that it contributes to the local community and that local quality of life,” Jeff Swinehart, chief operating officer for Landcaster Farmland Trust, told Fox 43.

Raudabaugh described his land as a mecca for wildlife and expressed concern about the impact of a separate data center being constructed in nearby Middlesex Township.

He also acknowledged that other families can’t pass up a similar opportunity to cash in, especially as the data center frenzy drives land prices higher while the cost of farming goes up.

“It breaks my heart to think of what’s going to take place here, because only the land that’s preserved here is going to be here,” Raudabaugh said. “The rest of every square inch is going to get built on. The American farm family is definitely in trouble.”

In fact, financial conditions in the agriculture economy are flashing more signs of strain as farmers’ costs remain high while prices for their crops stay low.

Several factors have spiked costs recently. President Donald Trump’s tariffs have made key imports more expensive; Russia’s war on Ukraine boosted fertilizer prices; and the Federal Reserve’s earlier round of rate hikes lifted borrowing costs. On the demand side, Trump’s trade war essentially halted Chinese orders for U.S. soybeans until late last year.

Separate data have shown that U.S. farm bankruptcies soared last year, and the National Corn Growers Association raised alarms over the summer about “the economic crisis hitting rural America.”

Meanwhile, a backlash again data center construction is gaining momentum, as local residents sound the alarm about massive amounts of electricity, water, and land the developments are consuming.

Angry residents are filling up town hall meetings to push back, with more proposals to build data centers being defeated.

“Would you want this built in your backyard?” Larry Shank asked supervisors in Pennsylvania’s East Vincent Township recently, according to the Associated Press. “Because that’s where it’s literally going, is in my backyard.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

See full bioRight Arrow Button Icon

Latest in Real Estate

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Real Estate

Real Estatefarming
Farmer turns down $15.7 million offer from data center developers: ‘It breaks my heart … the rest of every square inch is going to get built on’
By Jason MaFebruary 21, 2026
1 hour ago
HUD
PoliticsHousing
Trump’s housing secretary moves to end ‘days of illegal aliens, ineligibles, and fraudsters gaming the system’
By Michael Casey and The Associated PressFebruary 20, 2026
1 day ago
Personal FinanceReal Estate
Current ARM mortgage rates report for Feb. 20, 2026
By Glen Luke FlanaganFebruary 20, 2026
2 days ago
Personal FinanceReal Estate
Current refi mortgage rates report for Feb. 20, 2026
By Glen Luke FlanaganFebruary 20, 2026
2 days ago
Personal Financemortgages
Current mortgage rates report for Feb. 20, 2026
By Glen Luke FlanaganFebruary 20, 2026
2 days ago
Houses in a neighborhood.
Real EstateHousing
The mortgage rate just hit its lowest level in over 3 years—and it’s still over 6%
By Alex Veiga and The Associated PressFebruary 19, 2026
2 days ago

Most Popular

placeholder alt text
Economy
Fed confirms it obeyed U.S. Treasury request for an unusual ‘rate check,’ weakening the dollar against foreign currencies
By Jim EdwardsFebruary 19, 2026
2 days ago
placeholder alt text
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergFebruary 21, 2026
10 hours ago
placeholder alt text
Big Tech
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
By Marco Quiroz-GutierrezFebruary 21, 2026
9 hours ago
placeholder alt text
AI
‘I’m deeply uncomfortable’: Anthropic CEO warns that a cadre of AI leaders, including himself, should not be in charge of the technology’s future
By Sasha RogelbergFebruary 19, 2026
2 days ago
placeholder alt text
Arts & Entertainment
Gen Zers and millennials flock to so-called analog islands 'because so little of their life feels tangible'
By Michael Liedtke and The Associated PressFebruary 20, 2026
1 day ago
placeholder alt text
AI
Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology
By Sasha RogelbergFebruary 19, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.