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What to Know Before Expanding Your Operation

The current commodity environment has presented some challenges for all agricultural producers. More than likely you have seen an increase in land sales in your area. The further entrenched we get into the current price cycle, the more likely it will be that land sales will continue to increase. For producers that took advantage of the highs a few years ago and socked away cash or reduced their debt load, you may have an opportunity to increase your operation through additional land purchases. Whether you find out about these properties through personal communications with the seller or through auction notices, you will need to be ready to act fairly quickly when opportunities arise. Continue Reading.

Lender Lingo

Joint Tenancy

 An undivided interest in property, taken by two or more people. The interests must be equal and conveyed at the same time. Upon the death of a joint tenant, his/her interest passes to the surviving joint tenants, rather than the deceased’s heirs.

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