While buying farmland can be a capital intensive investment in a competitive landscape, many farmers prefer owning to renting. The Buying Farmland Checklist from FBN® Finance walks farmers through important considerations to keep in mind when preparing for a land purchase.
The free Buying Farmland Checklist from FBN Finance outlines:
The seven main steps involved in a land purchase
How to find your ideal ag property
Important red flags to watch out for during the purchase process
Download the free guide Buying Farmland Checklist
Owning farmland presents exciting opportunities for farmers looking to establish a new farm or expand their existing ag operation. If you’re looking to scale your operation, investing in farmland can help.
Last year, mortgage rates were climbing. However, rates are improving in 2024.
“The general consensus among industry professionals is that mortgage rates will slowly decline in the last quarter of 2024,” reported The Wall Street Journal.
Be ready to act on an exciting farmland opportunity by first learning what to expect in the Buying Farmland Checklist, now available for free download.
But don’t wait too long. Keep in mind what Michael Lauher, a farm manager, said: “The short-term fluctuations in interest rates, while important, are often weighed against the long-term potential for income generation and capital appreciation.”
Learn more in our blog post How Do Interest Rates Affect Farm Mortgage Payments?
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Terms and conditions apply. Land financing offered by FBN Finance, LLC, provided in connection with Farmer Mac and our underwriting partners, and is available only where FBN Finance, LLC is licensed. To qualify, a borrower must be a member of Farmer’s Business Network, Inc., and meet the underwriting requirements of FBN Finance, LLC and its lending partners. All credit is subject to approval and underwriting. Interest rates and fees will vary depending on your individual situation. Not all applicants will qualify. NMLS ID: 1631119.
Complete the form below to access the free guide.