Top 5 Things to Look for when Buying Agricultural Property | Farmland Real Estate Investment
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- čas přidán 15. 06. 2024
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Join Ken and Phil Hinrichs as they talk about the top 5 things to look for when buying agricultural property. To learn more about Phil and his company be sure to visit his website at : hinrichstrading.com/
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⏱ Section Timecodes ⏱
0:00 Introduction
2:03 Tip 1 - Make a location assessment
2:41 Tip 2 - Determine if zoning is appropriate
5:24 Tip 3 - Evaluate water rights
8:08 Tip 4 - Research property history
13:55 Tip 5 - Study the property sizes available
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If you are interested in this topic you can find more information out at the links below.
Tips for Buying and Selling Farmland | Successful Farmingwww.agriculture.com › farm-management › tips-for-bu...
Dec 28, 2018 - Although land auctions are a great way to maximize exposure of the land for sale, putting yourself in the limelight isn't always the best message to ...
How and Why To Invest in Farmland - REALTORS® Land ...www.rliland.com › how-and-why-to-invest-in-farmland
Mar 22, 2019 - Investing in land is a “simple” process of purchasing property and creating value through: ... When looking to diversify with farmland, seek a real estate ... One of the best benefits known to investors is the ability to have land as a ... 10 Tips for Finding the Perfect Agricultural Farmland for Sale - Zuzek & Pope ...
Tips For Buying Farmland - Warner Real Estate & Auctionwww.warnerrealtors.com › buyers › tips-for-buying-far...
Consider needed investments, expected expenditures, and crop conditions to determine if buying land is the best use for your cash. Are there other opportunities ...
10 Tips On How to Find and Evaluate Farmland for Sale ...listwithclever.com › real-estate-blog › 10-tips-on-how-t...
May 18, 2019 - However, buying a farm is much different than running a farm. Even small operations require countless hours of work, leave minimal (if any) ...
#RealEstateInvesting #FarmLandInvestment #KenMcElroy
Also, make sure your realtor knows farm land. Most city realtors do not: they see dirt. I can't tell you how many we have gone through to finally find one who knows exactly what we need (and what our words mean).
please do more videos on agriculture real estate.
Thank you for sharing these wonderful pieces of advise Ken! I love your show!
Thank you Ken. Love your information. Very inspiring information to get into real estate.
This is some high level analysis. Love it
Thanks for all your golden nuggets
Thanks, Ken!
Thanks for the tips 😉
I've never thought about real estate in this way before thx for the introduction.
first time subcriber. saw you on Rich Dad. loved your energy. You seem like an honest guy. hope to learn as much as i can from your videos. i am gonna purchase your books on real estate investment. I am almost 50, i wish i knew about this stuff when i was 20. thank you
Thank you so much Ken , buying agrucultural propoerty in Vietnam country , I focus on with purpose for factories & warehouse lease to maximum value .
Thank you so much sir for this video
I have a request
Can you please make a video on the general expenses of a property and how can we reduce it.
Thank you sir
my dad always wants a coffee farm, lol, interesting topic.
Broooooo can you do a video on freight farms❤❤❤❤❤❤ I love your videos
Great
I found land of 12 acres of land for 166k. The 12 acres are agricultural, but it's on oil pad. It is also being leased for hay production.
Is this a good deal? Or should I stay away from land on oil pads?
I'd love to hear more about how to make a profit from being a landlord on vacant/ farm land. Something I've looked into, but it isn't as clear as having housing tenants. Seems like land prices are up, taxes are up and land rents are hardly or not enough to cover expenses let alone make a profit. What kind of loans can non-farming land owners get? I'd love to buy farmland, but just don't know how to make anything on it. Thanks for another great video.
I work as a farm manager for investors and non operating land owners. At this point in my area with prices you struggle to keep yearly ROI up to 2%
@@lmilostr If inflation continues to boost the prices of everything, the answer is: Probably so. You can take out a loan against the property, and use it to buy other hard and/or productive assets.
me, i love marginal land my self, it makes real good grazing for livestock
I am glad you mentioned the railroad. There are plenty of properties in my area that were part of various incarnations of the railroad. Think about the wonderful environmental practices in place in the 1800s. That is what you have to deal with. There are a few superfund sites in town but many more that were just built over without any testing. We're talking asbestos, lead, arsenic, and who know what else.
When leasing your agriculture land what's the best way to know what a fair price? Where I'm at in western washington I don't know where or how to look for comparables.
Compare rent toland price in a nearby area as a benchmark and try to adjust a bit for the area in question being a bit pricier area or not. Just my 2c
Check feed stores and Craigslist. I grew up in Port Hadlock.
Hey Ken where are you storing your money earmarked for the next crash? You mentioned a fund in another video, what exactly are you investing in?
Can you list the top 10 online sites where people are able to purchase 500 to 1000 acres of zoned agriculture land. Also what would price per acre be at in 2020 for this land in the N.W. corner of Iowa close to Minneasota line approximately 7 miles to the boarder. How can I determine those per acre prices or to see the change in out right purchase price and for estimated cash rent prices for leased land in same region of the country. Please and Thank You.
Work with an Accredited Farm Manager (ASFMRA) or Accredited Land Consultant (RLI). They are the professionals in farmland markets.
There are 4-5 websites we use that are nationally linked to each other to some extent when marketing properties. If you google Land for sale in Iowa those websites should pop up. I’m going to toss a shameless plug to look up our Iowa managers on our website at Farmers National Company. We could help you find a property in the area to meet your needs, we do this for investors and through 1031 exchange all the time.
@@jeffreyhignight How do I find them ?
Leasing out farm ground doesn't even pay for the property taxes
I wondered about that, and also the government land programs
It’s not very profitable to grow food to sell for market / commercially. The federal govt has been oppressing the medium to small farmers for decades and they just turned up the dial. Ice Age Farmer’s YT channel covers this topic well.
Have the end in mind!
The affordable oil age will end soon.
So buy land you can cultivate without oil powered machinery.
Please grow your own food
How much is a 2200 foot well?
Probably at least 1/4 million drill and compete. Doesn't include irrigation equipment and then the little problem of getting the permit to drill from the state. Pumping from that depth also is extremely expensive unless you can find one to flow, which is highly unlikely.
I have 402 acres of mountain land that I can't sell for $750 an acre. It used to be planted with tomatoes, but it's all big timber now. It has springs year round. It has about 4 million board feet of timber.
Still have it?
Where approximately is it located?
@@craigbucl5965 Haha Same. Where she be Ill buy.
Can y’all spend that energy fighting to decommodify water? Thanks
I only buy agricultural land. Taxes are dirt cheap. They don't make new land.
Well the taxes are cheap except for here in Nebraska where we can see per acre taxes just shy of $100/ac
When it comes to investments, diversification is key. I am a full time time realtor and partially engaged in trading stocks. I am new to this field but I have made significant amount of profit in just a few months of investing.
🙏😥♥️🌳
Big fish 🐠 always eat small fish 🐟.
Nowadays must run business for earnings money also care for environment & care to community too. After corona viruses 🦠 human life will change for ever . We have to help others for get the world better place to live!
hmm
This too, shall crash. I was born and raised in a farming community in the Texas Panhandle. Even in this very rural area, land prices have skyrocketed past the production value. If a commodity isn't priced on production, then it is being priced according to the greater fool theory. The idea that a farmer can't afford to pay the bank, but can afford to pay an absentee owner is folly. Agriculture is a complex and volatile business that requires experience and dedication. Interlopers using money earned in other endeavors to force their way in is a recipe for disaster. Any fool can buy a piano, but that doesn't make them a musician.
If you need chemicals now a days, you are the wrong kind of farmer. Hello Permaculture, dummies.🙄