Pitfalls and perils at farmland auctions

With milk quotas abolished this year, dairy farmers will be seeking to acquire land, in order to maximise output.

Property auctions are a useful way of buying and selling property. It may seem a very simple process, but it can have adverse consequences unless the bidder prepares well in advance.

If you are planning on buying agricultural land at auction, there are a number of things you need to do in advance. Preparation is key and cannot be over-emphasised.