One thing to consider is a land contract carries a little more headache for the seller
BUT
A lot of starting young farmers have a heck of a time coming up with the full cash or loan to buy a farm early in life.
A lot of you older guys on this board b*tch about the younger guys and there need for 'instant gratification', from my eyes a lot of that is in the older generations as well.
If you just want a check and don't give a cr*p who owns it, auction it off.
If you think it would be nice to get a younger guy or family on it, contract sale it to someone who you would like to see own it.
Just an example, do 10% down to secure a little $$$. Do a 20 year payment schedule, if you don't want to wait 20 year to get all the money, do a ballon payment in 5-7 years (whenever it should have enough equity for the buyer to get bank financing)
Its a little more headache for the seller, but the money can be equal or a bit higher to an auction price.
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Today's Featured Article - Field Modifications (Sins of the Farmer) - by Staff. Picture a new Chevrolet driving down the street without it's grill, right fender and trunk lid. Imagine a crude hole made in the hood to accommodate a new taller air cleaner, the fender wells cut away to make way for larger tires, and half of a sliding glass door used to replace the windshield. Top that off with an old set of '36 Ford headlight shells bolted to the hood. Pretty unlikely for a car... but for a tractor, this is pretty normal. It seems that more often than not they a
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