Should we split the farm into multiple tracts?

Should We Split up the Farm Into Multiple Tracts?

Top 50 Questions about Farmland

Hey, it's the Iowa Land guy, and here's the top 50 questions that I get asked about farmland. Should we split the farm into multiple tracks? This one is one that we're gonna cover while we're doing a farmland valuation on your farm. Sometimes it is best to split it up. Sometimes it's best to keep it together.

Um, these are decisions that we have a conversation with you on. Sometimes the family wants to keep it all together regardless of whether it would bring more money if we split it up. Sometimes geographically, um, it's better to split it so that we have more competitive bidding from one neighbor or the other neighbor.

Sometimes just fiduciarily. It's better to split it up into smaller tracks that are more easy, uh, to buy or purchase because it's a smaller amount rather than one large amount. So lot goes into that decision making process, uh, crops, size, shape, topography, and of course what your expectations as the seller are.

David Whitaker | Iowa Land Guy