Jon Fisher - Licensed Indiana Broker Halderman Real Estate Services, Inc. IN Broker License #18000549 IN Auction License #19500036
Jon Fisher - Licensed Illinois Broker Coldwell Banker the Real Estate Group IL Broker License #475.178311IL Auction License #441.000156
FARM APPRAISAL
My associates at Halderman’s Real Estate & Farm Management performed over 700 appraisals last year all by state certified farm appraisers!
We can perform appraisals for a myriad of reasons, including:
- Loan evaluation
- Estate evaluation
- Sale
- Condemnation proceedings
- Conservation easements
- Purchase considerations
- Division of property among family members
- Anytime a market value appraisal is needed
Contact Jon Fisher today if you are interested in getting your farm professionally appraised!
Frequently Asked Questions
The market determines the rent for any given farm. Therefore the best way to determine a fair rent is to do a competitive bid process on the lease terms you seek, OR find out rents in the surrounding area and use them to compare to your farm and make your own analysis. My team at Halderman Farm Management can execute both of these strategies on your behalf. This makes leasing your farm very simple. Turn over the management of your farm to us and we will make sure you maximize your current farm income, as well as enhance the value of your farm over time.
This process can be extensive if you are unfamiliar with the area around your farm. Start by driving the roads near your farm, learn the neighbors, see who is interested, talk to the county extension agent & local ag bankers for references. Work with the local ag vendors to see who are likely prospects. Go through a typical interview process and then once you’ve chosen some likely candidates, begin negotiating. The alternative is to hire my Halderman team to do all of this for you! In many locations this work is already complete and known. Therefore we are very efficient in this process and can deliver a few viable & qualified tenant prospects to you within a couple of weeks.
This is a question only you can answer. A real estate farmland professional, such as Jon Fisher and his Halderman associates, can help you to determine what you might expect in terms of sale price, and can describe the current marketplace versus the historical trends. We can also help you think about tax scenarios, family estate planning issues, and put you in contact with attorneys or accountants. Once you have this information you can make a more informed decision on the timing of a sale.
Prior to selling, Jon Fisher and his Halderman associates can assist you in determining a sale price range, and even complete an appraisal if necessary. Using this information we will assist you in determining an asking price in a private sale scenario, and a release price for an auction sale. Of course the fair price is determined ultimately by the market where a willing seller and a willing buyer agree on a price and terms. This can be achieved via a well marketed auction where there are a number of bidders in attendance and active bidding. It can also be achieved via private sale marketing and subsequent negotiations.
As a farmland owner you own an asset of significant value. If you own just 200 acres that property could easily be worth between $1 MM- $2MM depending upon your location and soil quality. What other investment of that size do you have that does not have a professional manager, watching it on a regular basis? Jon Fisher and his Halderman Farm Management associates understand current lease terms and rates. We know the current technology available in agriculture. We make it our business to know the current USDA Farm Bill and how it can impact and benefit your farm. Our business is agriculture and specifically we know farmland ownership issues. We become your fiduciary and manage your farm like it is our own! We learn your goals and objectives and work to implement what you want to happen on your farm. The thousands of dollars you have in a mutual fund, or individual company is being managed by someone. Shouldn’t your farmland investment also be professionally managed?
Specializing in farmland
and rural properties!
OUR OFFICE
DISCLAIMER
Mr. Landman makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, completeness or use of any information that is available on or through this website.