Farming Legal Advice: Why do farms come for sale?
Due diligence is needed before you consider buying a farm.
The first and most common reason to sell land is the ‘executor sale’. This is where the landowner has died and the land must be sold to distribute the proceeds of the estate to all to the beneficiaries. Such sales are often anticipated by neighbours, as the bachelor farmer ceases farming, and first leases out his land.
Then, when he passes on, it is put up for public auction, the excitement starts here.
