You don’t need a land agent to sell a farm, but as you are selling your most valuable asset, surely it makes sense to use a professional with experience rather than having a go. You only get one chance to sell. Also, buyers would prefer the transparency of an agent.
Just looking at the prices achieved in an online farm sale yesterday and they are unreal. In for another increase in machinery prices? How are even current prices sustainable based on current and projected margins?
I agree with your comments about the industry needing restructuring.
To say that ownership is not related to farming is difficult to understand. In the 90's when farm incomes were on the floor, land values dropped. Again in 2007 when wheat prices took off so did land values.
A large proportion...
I think that longer term, the change of support will be a positive move for the industry and lead to greater returns.
In the short term though there are going to be lots of farms that are going to really struggle and potentially have to restructure. It is only those that have a truly lean...
To say that values will not go down is a bold statement.
Institutions are not interested in ag land unless it has strategic value. Look at the Crown Estate and Church Commissioners between them they have been selling 1,000’s of acres in recent years.
Debt is all fine and helps businesses to grow, the only sticky point is servicing the debt.
The servicing cost will have dropped for most due to the reduction in base rate, however, lenders appear to have added this on to their margin!
It is interesting listening to banks views on farming post...
Agricultural debt continues to rise year on year, which isn't necessarily a bad thing as it could be reinvestment to generate greater returns.
Land values and the ability to borrow based on these have risen exponentially over the last 15 years.
I personally do a lot of work with the...
This farm looks to be well equipped, but looks a bit pricey. Probably a case of the seller wanting their investment in the buildings and equipment back plus the land and house. 2 + 2 = 3 not 4