Even though most people make one or two real estate purchases in their lifetime, the lender’s office can be an intimidating place to visit. Some would rather sit in the dentist’s chair! But with a handful of tips and some “inside information” from this article, you’ll be well-prepared and a lot more confident when you walk into your next meeting with your Ag or Commercial Lender, and it may even be more effective and enjoyable!
Finding the right farm tenant can be a stressful undertaking. For most landowners, a renter change doesn’t happen often. But when it does happen, it can mean partnering with a farmer who can bring you long-term value just by how they manage your farm.
Here are seven steps to help you find the right tenant to rent your farm.
It is hard to distill true market trends with only 200 auctions over a quarter, however if we believe in the numbers, they revealed several interesting trends:
- The average price for both all farms ($7,430/acre) and 85% tillable farms ($8,416/acre) are still higher than that a year ago.
Mark Twain once quipped, “Buy land, they’re not making it anymore.” Investors are hot into the farmland market that offers a low risk investment and promises a potential high reward. The average age of the farmer is 58 years old and as they age out, farmland will become available for investors to cash in on. We’ve put together 4 farmland investment strategies being practiced in today’s market.
Land auctions exceeded 200 sales in the last quarter of 2017 compared to merely 120 in quarter 3, with especially more land that is not necessarily higher-quality tillable farmland. This bump in farmland supply has resulted in a minor dip in the land prices over the past few months especially for lower quality land, however, the prices for higher quality tillable grounds are fairly stable and represent a modest increase over average sale price of $8,625 in 2016 quarter 4.