Purchasing a small farm may be a large investment for you, so consider these tips while looking at farm properties. Make sure you buy adequate farm insurance to cover financial risks as well.
Real Estate Agent
You can save a lot of time and frustration by working with a real estate agent experienced in rural properties. They have access to multiple listing books filled with properties for sale, which helps to narrow down the search for a suitable farm.
Zoning
Regardless of the condition of a farm, you should check the zoning on any properties holding your interest before purchasing. Make sure zoning includes livestock and agricultural use if that is the intended use for the farm.
Infrastructure
Each farm has its own unique infrastructure. When farm hunting, check the house, yards, fencing, water supplies, sheds and power supplies. Consider checking local building restrictions before buying a property that needs new buildings or structures.
Utilities/Roads
Make sure the property has road access and determine who maintains the road to the property. Check whether the farm already includes utilities such as telephone service, power, and internet service.
Soil
Get soil, water samples, and have them tested if you want to raise crops.
Determine whether the farm is adequate for your needs and if you can manage the farm by yourself with your skills. Consider hiring a farm hand to help with special projects or full-time. New farm owners should speak with an insurance agent to discuss a new farm insurance policy.
