Calculating the Cost of Farmland

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Have you ever thought about starting up a new farm operation or adding land to an existing farm? When buying farmland there are important factors to look at, the most important is location, it can determine how successful your operation will be. Farmland closer to the GTA and 401, can have higher prices. Next, you should determine how you are using the land, for raising livestock or planting crops. When raising livestock, you will need fencing and a barn, all these costs can add up. Also, you need to look at the field history, what the land was used for and what herbicides were put into this soil. There are 3 main soil types: clay, sand and loam – this can determine which crops you can plant in the future. Buying farmland is serious business looking at all these factors will determine which land suits your particular farming operation.

http://myfarmeducation.ca/farming/how-to-buy-farmland-a-definitive-guide/