If you talk to a handful of retired farmers in Alberta, you’ll come across at least one who feels like they didn’t get the kind of deal they should have for their land. For a long time, that used to come with the territory of farming – when it was time to move on, you either passed the property on to a child, or risked leaving money on the table by someone with a better understanding of contracts and valuations.
Here at The Voice of Agriculture, one of our specialties is working with Alberta farming families who are looking to sell their property and move on. If you’re in that situation, we hope you’ll call us for a free consultation to get the information and advice you need.
1. Agricultural land sales can be complicated. A lot of people think it’s just a matter of negotiating the right purchase price and then moving on. But, depending on how the arrangement is structured, there could be other factors that matter even more.
2. Once a deal has been made, it can be difficult to undo. If you come to an agreement with a buyer before talking with an agricultural real estate specialist or a tax specialist, it may be difficult to undo later – even if you haven’t properly valued your farm. That’s why it’s important to get good advice from the outset.
3. Selling a family farm can have huge tax and financial implications. Selling the family farm can be akin to winning the lottery, in that it represents a huge cash payout you might not be ready for. We can help you make a plan for the future to ensure that the money lasts as long as you need it to.
When it comes down to it, you don’t just want specialists in agricultural real estate on your side, you deserve one. So, if you’re thinking about selling your family’s farm – or just looking at different options – we encourage you to call us today and arrange for a time to talk with no stress, pressure, or obligation.
By Fred Mertz Join Me on Official Facebook Page