Buying the Farm – Part I

Farmers can obtain rights to farmland in a variety of ways, for example, by entering into a lease with the owner of the farmland, sharing ownership of the land with others, or acquiring full ownership (“fee simple” title) of the farmland. Part I of this Guide focuses on:

(i) the different types of land ownership,

ii) the advantages and disadvantages of purchasing the farmland directly through fee simple ownership, and

(iii) considerations when locating the right farmland to purchase.