Selling a Farm

In some ways, selling a farm is similar to selling any business; some particularities arise in the sale of agricultural businesses and land. Firstly, while it may seem obvious, it is important to consider why you want to sell the land or business. For example, you may only want to sell part of your land, which you do not use. Alternatively, you may wish to transfer your entire business on retirement. The reasons for the sale will determine the options available to you.

If you have surplus land and wish to sell part of it, you may want to consider how you would wish to use the land you sell. Housing developers are increasingly purchasing land in traditionally rural areas to build housing estates. Alternatively, rural land sales for energy projects, such as wind farms, are becoming increasingly common.

Many farmers have sold land to developers for these purposes in recent years, and there are many different ways of conducting these sales. It may be a straightforward sale of agricultural land, with the developer buying the land outright and acquiring title. Alternatively, you may enter into an options agreement.

If you wish to know more about sales and contracts involving developers, it is a good idea to seek legal advice at the outset to ensure all decisions are well-informed.

Agriculture Services