Points to Ponder Before Researching Farms for Sale in Ohio
Ohio has many wonderful attributes when it comes to agriculture: one of the leading egg-producing states; the leading producer of hogs; the biggest wool-producing state east of the Mississippi River; the leader in the production of soybeans (Ohio’s largest crop), and corn. If you’re looking to buy farm land, we’d like to share some recommendations before you begin researching.
Initial Questions to Consider
Deciding to buy farms for sale in Ohio is only the first step of a long journey. Before you get started on your path to farm ownership, keep the following items in mind.
- What will your budget be? You should be clear and realistic about the amount of money you can spend. Consider the going rate for farmland in the area that you are seeking to buy Ohio land for sale; this will help you to make a confident decision and set a clear budget. Additionally, consider the amount of income you can make from your farm; this will also help you define an appropriate budget.
- Have you done your homework? Make sure you understand the various types of farms for sale in Ohio, and what the differences are in terms of maintenance, cost of operation, and income value.
- Are you paying with cash or financing? Before you set out to start your farm searching, be sure you have the financial situation squared away. If you are applying for a loan, take care of that before you start hunting; this will make the transaction process quicker and easier.
Understand the Different Types of Farm Land
Once you have the preliminary items squared away, consider the many types of Ohio farms for sale. While it might be nice to have a dairy farm or a vegetable farm, you should understand everything that comes with each type. How can you do that? First, understand the differences in farmland.
- Dairy farms: These farms typically produce milk.
- Orchards: These will grow nuts and fruits.
- Truck farms: These farms produce vegetables.
- Tree farms: These farmlands grow trees for the lumber industry.
- Organic farms: These grow fruit and vegetables under regulations and without the use of synthetics.
- Vineyards: These farms grow grapes for wine.
Looking instead to sell? Check out our blog on how to Boost Profitability of Your Farm for Sale in Ohio.
Hire a Commercial Real Estate Agent to Help You Research Farms for Sale in Ohio
A commercial real estate agent can be just as helpful when it comes to looking for land, as they are when looking for commercial property. While you may not necessarily be looking for any buildings on the land, that does not make the assistance of a commercial real estate agent null and void. Buying agricultural land is a type of real estate that Ohio has to offer, too! In some cases, it is a lot more complicated, which is why many new buyers seek the help of a commercial real estate agent. Some commercial real estate agencies also specifically employ land brokers.
Are you looking for assistance with any Ohio real estate matter? Since 1938, The Robert Weiler Company has been helping individuals and businesses throughout Ohio, including those seeking available farms for sale in Ohio. And don’t forget to ask about our land appraisals. Call 614-221-4286 to let us know how we can help with your land investment today.