This article is courtesy of FCS Financial. Visit www.myfcsfinancial.com to find more about financing your agribusiness, ranch, farm or rural recreational property purchase.


Buying a farm or land is not something to jump into quickly. FCS Financial put together a list of 10 things to consider before you purchase land. 

  1. Location – It’s key in a rural setting, just like in a city. Check out the neighborhood.
  2. Plan Ahead – The type of property will impact the down payment. You should talk to a lender who specializes in rural property financing.
  3. Determine Your Financing – A good rural property lender will ask you tough questions to help you determine the amount of land or size of farm you can afford and what to expect after the purchase.
  4. Working with a Realtor – Realtors will be able to help you understand and manage the land buying process.
  5. What’s Included in the Sale – It’s important that both the buyer and the seller understand, in writing, what is included in the details of the real estate transaction.
  6. Steps to Purchase Land – Each situation is unique. A normal closing can be expected about 45 days after you and the seller sign the contract. There are several steps in-between signing the contract and taking possession.
  7. Title & Flood Insurance – Title insurance is the most secure way to buy property today. A flood zone inspection occurs to determine if the land is in a flood zone.
  8. Local Resources – It is important to develop a personal network of contacts in the area of your land, especially if it’s not in the same location you live.
  9. Costs of Ownership – Many people find buying land is the first step of ownership. Future investments are determined by how you plan to use the land.
  10. Property Boundaries – It is a good idea to go to the county assessor’s office and ask them to pull the “card” for the property you want to purchase to see how many acres are being taxed.

This is a brief summary of the ebook 10 Points to Consider Before Buying Rural Property from FCS Financial. Download the ebook here.

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    Headquartered in Jefferson City, Missouri, FCS Financial has 21 branch offices located throughout the state of Missouri. It's a $4 billion organization with more than 15,000 members. FCS Financial is a member of the Farm Credit System. The system is a nationwide network of cooperative lending institutions that provides credit and financial services to farmers, ranchers, rural residents and agribusinesses. The Farm Credit System is the largest single provider of agricultural credit in the United States.

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