Farming
is one of Canada’s main economic assets. The wilds of the Canadian
Shield and even the Prairies already host fertile tracts of land. If
you are looking to invest in the Great White North’s agriculture
and farming industry, you will be in luck considering government
efforts to lower operating costs. How do you make the first move,
even with a business plan in place?
You
can start by approaching a reputable real-estate agent who knows the
market well and is versed in farming and property laws. They can set
you up with a number of viable farm property listings around your
chosen area. All that remains is to research on all listings and weed
out the one property that fits the thrust of your business. The
research can uncover some factors that will affect the business’
long-term goals. For instance, you and your realtor must discover
that there are no pending disputes with the property or any
development plans already eyed for it, such as a road cutting through
the area.
Your
Realtor may help you hire a surveyor to analyze the area and further
determine its viability. Have the property appraised and negotiate
with the seller at the same time, then secure financing from
institutions skilled at land purchases.
Investing in a new farm
can be a way to a quieter life. Learning which properties are right
for you is a step in the right direction.
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