Agency is an issue in the farmland real estate business. There are folks out there who try to make you feel that they are on your side in a transaction but are they really? Sometimes I feel buyers and sellers do not fully understand agency.
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On Saturday, we auctioned 316.6 +/- acres in Randolph County, AR. The farm included three irrigation wells, two 5,500 bushel grain bins, a T&L Pivot, and approximately 93 acres of precision leveled ground.
Last week Jeffrey Hignight and I were in Phoenix, AZ for the 82nd annual meeting of the American Society of Farm Managers and Rural Appraisers (ASFMRA) which coincided with Agronomics Vision 2012.
Uncertainty in global markets along with low interest rates and a strong agricultural sector has caused many investors to eye farmland as an investment opportunity.
As harvest concludes, some landowners start to consider selling their farmland. Some will try to sell their land independently.
Net share leases are very common in the Mississippi Delta. They typically range from an 80/20 or 75/25 net share where the landowner receives 20% or 25% of the production and does not pay any production expenses.
Professional farm management is in essence agricultural asset management.
Seed technologies such as glyphosate (Round-up) tolerant soybeans, corn, and cotton and imidazolinone (Newpath) tolerant rice have made production agriculture easier and allowed for greater yield potential and profitability.
Corn Harvest is rapidly moving north and almost complete in the Mississippi Delta. As I travel throughout the countryside it becomes evident farmers and landowners can still make major improvements on the efficiency of not only corn harvest but all crops.