THE FARM BOY
HOW TO BUY
FARM LAND IN
1. Assess your financial health
2. Find a
3. Get the
Before buying land, you should know the soil types on the property, the area’s crop rotations, average production value, and the past farming practices. If you can’t visit in person, ask your realtor to visit and assess the property for you.
4. Consider rental prospects
If buying land as an investment, you should have your realtor research and advise on rental prospects, and set a strategy to obtain a suitable renter prior to committing to a purchase.
Research and compare the price you are paying for the land with comparable sales for the area you are buying in and ensure what you are buying has the right value.
6. Take your
Never be rushed by a seller or Realtor. Keep your best prices and financial goals to yourself. Don’t buy impulsively – be sure to consider everything prior to a purchase.