Top Nine Things to Consider When Purchasing Farmland
That beckoning sign, swaying in the breeze, broadcasts the availability of your neighbor’s 80 acre tract, a ﬁeld adjoining your cropland that you’ve been eyeing with envy for years. But is now the best time for you to add acres to your operation? It could be, if the conditions are right.
Before making an offer, you need to be sure that buying land makes ﬁnancial sense for your operation. No matter what the terms and interest rates, if it puts you out of balance, you’re likely better off not taking the chance. From land values, price, loan terms, long-term market outlooks and more, there are many things to consider before signing on the dotted line. Here are nine of the most important steps for making the best decision for your business.
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