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7. Understanding and Setting the Expectations of Farmland Investments with Steve Myers
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It is no secret that farmland is a complex investment. With over thirty years of experience, Steve Myers, Director of Agricultural Services and Brokerage at Busey, shares invaluable insights into farmland investments. From understanding the importance of a "doctor conversation" with potential investors to discussing the impact of fluctuating interest rates on farmland values, this episode provides expert guidance for seasoned investors, financial advisors, and newcomers alike.
Myers sheds light on different acquisition strategies, from private treaty sales to auctions, helping investors make informed decisions based on their unique circumstances. With intricate processes like legacy planning, the episode emphasizes the importance of partnering with agribusiness professionals to navigate the complexities of farmland management and ensure optimal returns.
With professional guidance, investors can navigate this terrain more confidently and reap the long-term benefits of farmland investment.
Are you a financial planning professional looking to better serve the needs and goals of clients associated with agriculture or living in rural communities? Then be sure to check out our Agriculture Focused Financial Planning designation by clicking on the link below!
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