FarmlandFinder Inc, a technology provider that helps farmland companies and lending institutions digitize farmland transactions, has launched an marketplace for farmland through its Offers platform.
Now available on FarmlandFinder.com, landowners are able to buy and sell farmland entirely online.
“Farmland is a highly fragmented and opaque market,” says Steven Brockshus, Founder and CEO of FarmlandFinder. “There are more absentee landowners today than ever before, farmers are looking for optionality when it comes to expanding their land base and getting access to reliable information about the farmland market is difficult. We’ve seen books, cars, and houses start to transact online. Why not farmland?”
Through the FarmlandFinder Offers Platform, a landowner can request an offer on their land and receive offers from a private network of verified buyers in as little as a week. Once an offer is accepted, FarmlandFinder helps to navigate the rest of the process to ensure a seamless and stress-free transaction.
“Farmland is the foundation for 5 percent of America’s annual GDP,” says Amanda Donohue-Hansen, Managing Director at Cultivian Sandbox and FarmlandFinder board member. “Farmland is valued in excess of $2.5 trillion with a staggering 10 percent — $250 billion — transferring hands in the past 5 years, most of it offline and private. Even more of America’s farmland is projected to change hands in the coming years with generational turnover and growing interest in farmland as a financial and environmental investment.”
By digitizing the farmland transaction process, FarmlandFinder Offers says it can provide unique optionality to expanding farmers. Not only can it privately buy farms through the platform, but it can also expand its land base without taking on additional debt by partnering with an investor through the FarmlandFinder buyer network. This decreases the barrier of entry for beginning farmers and creates optionality for seasoned growers who are looking for unique ways to strengthen their balance sheets.