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Expertise

Have Questions About Buying Farm Land?
We Have Your Answers

As farm land real estate brokers and auctioneers, we know the issues and trends that will impact your upcoming farm land purchase. As leaders in the industry, we've spent decades learning while leading clients through farmland purchases. We've used this experience and our expertise to develop learning materials just for you.

Frequently Asked Questions

How do I go about buying a piece of farm land?

In theory, buying a farm is like buying a house – first you determine your budget, then you determine the features you want, and finally, you select a location. After those facts have been established, you can then either browse the newspaper or the Internet, or you can contact a farm land professional like Loranda to help locate a property for you.

The buying processes differ greatly between farm land and home purchases. Most first-time home buyers can tell the difference between carpeting and vinyl, but most first-time farm land buyers know little about the differences in soil types or how drainage can have a major impact on price. That’s why it’s critically important that farm land buyers engage the services of a farm land professional who understands and can explain the nuances between various properties. They also know how to retrieve and analyze comparable sale information to ensure that you’re not paying more for a farm than you should, or buying a property with features that you really didn’t want.

In what states does Loranda Group operate?

Additional Videos

Selecting a Broker

Questions to Ask When Selecting a Broker

When buying agricultural real estate, working with a farm land specialist can minimize the price you pay and maximize your long-term return on investment. The seller will have a broker working on his behalf; shouldn't you? Ask yourself these questions before selecting a broker to help with your ag land purchase.

Does the broker:

Specialize in farm land sales?
Make you feel comfortable with the purchasing process?
Communicate clearly with you, encouraging questions and explaining terms and procedures?
Help you set realistic investment parameters for your farm land purchase?
Have experience in analyzing and assessing farm land values and understand the variables that will impact your long-term return on investment?
Know farm land values in the area you wish to buy? Provide you with recent comparable sale information to support this value?
Understand complex financing arrangements?
Have connections with absentee and institutional investors?
Have experience in tax-deferred exchanges?
Research all available properties to help uncover the best property for you to buy?

Investment Goals

Answering these questions will help you establish your goals for investing in agricultural land and determine how much assistance you will need to accomplish them.

Do I know what I really want to buy?

Do I know how to analyze all available properties?

Do I have the time to locate and look at all available properties?

Do I need a farm land specialist to represent my interests?

Does my agent buy and sell farm land on a regular basis?

How much is hiring a farm land specialist really worth to me?