Updated about 1 month ago on . Most recent reply
Farmland and rural housing
A few years ago I purchased a farm and very much had a farmers mindset when doing it. About 8 acres of the farm is on the opposite side of the road from the main block. The neighbors fence actually encompasses the 8 acres to include it in their pasture as the previous owner also owned that land as well. The neighbor is interested in purchasing that 8 acres as it is really better suited to their needs than mine. It’s fairly poor ground, a rocky hillside probably only worth 800-1000 an acre. I’m sure that my lender would require a survey be done in order to sell this part of my property. If I was to put the farmer brain away and use an investors mindset how would you all recommend approaching this situation?