Whether you’re establishing a farm or expanding your current agricultural operations, the success of your venture may depend on choosing the right plot. In addition to the price and acreage, you also have to consider a variety of other factors, from the nutrient capacity of the soil to local zoning issues. Below are a few aspects to consider when looking at land for sale.
4 Questions to Ask Before Buying Agricultural Land
1. Are Irrigation Sources Available?
Previously developed farmland may already have an irrigation system installed, while others might feature lakes, rivers, or other water sources. Because building irrigation systems can dramatically increase the size of your investment, you should factor in the improvement costs before making an offer.
2. Is the Soil Appropriate for Your Needs?
Few factors are as essential to the success of an agricultural operation as the soil quality, so you may want to commission an analysis before purchasing a property. Rich soil will reduce your fertilizer costs and other overhead expenses, making it easier to profit off of your investments.
3. Is the Land Zoned for Agricultural Use?
Most counties maintain strict zoning laws, even related to land for sale in unincorporated areas. Changing the zoning designation of a plot of land can be expensive and time-consuming, so ask about its approved uses before making an offer.
4. Can the Plot Be Divided?
If the lot under consideration includes more acreage than you need, ask whether the seller would be willing to part with a portion of the property. In many cases, property owners may be willing to subdivide lots if the price you offer is competitive.
As one of Lincoln, NE’s most established, recognized commercial real estate firms, NAI FMA Realty helps buyers throughout southern and central Nebraska find the perfect land for sale. With over 80 years of combined experience and a reputation for building long-standing relationships with their clients, you can be confident that they’ll always put your interests first. Visit their website to browse listings of land for sale or call (402) 441-5800 to discuss your needs with an agent.