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Farm Listings illinoisfarms4sale.com

Buying Farmland

The purchase of farm land is a very large transaction. Some things to consider are:

• What is the productivity of the soils?
• What have similar farms been selling for?
• Is it subject to a lease?
• Is there any CRP or CREP and how does that affect value?
• What cash flows can I expect from this land?
• Are there any federally protected wet lands?
• Has there been a survey?
• Should the offer be made on total price or price per acre?

Selling Farmland

The sale of farmland is an involved and complex task. Some of the points to be considered are:

• What time of year to offer it for sale?
• Should you do a public auction, traditional listing or other method of sale?
• Will you want to reinvest the sales proceeds via a 1031 exchange?
• Should the farm be surveyed?
• Should the farm be divided into multiple tracts?
• Is there a current lease in force?
• What about verbal leases?
• How des CRP or CREP affect the sale?
• How will the farm be marketed? Can we pull in outside investors?

John Leezer has over 25 years experience in selling farm land. He has extensive experience in all aspects of the sales process. John has sold land by public auction, sealed bid auction and traditional listings. Over the 25 years of his career, he has developed a data base of over 200 potential buyers of farmland including a network of other brokers he works with to maximize the exposure of your farm. John is a member of the REALTORS® LAND INSTITUTE (RLI) and has obtaining his Accredited Land Consultant Designation (ALC).

The sale of the farm is a large transaction. It makes sense to have an experienced professional to maximize the sales price and make it a smooth transaction. John has seen people try to save money by going it alone, only to loose tens of thousands or even in excess of $100,000 on the sale compared to what the property was worth.