Standing The Test Of Time
Real Estate is an investment that has stood the test of time. Investing in agricultural land is no different. At Sproule Farms, we take our partnerships and investments seriously. We strive for not only a successful harvest, but to cultivate a successful partnership. We offer several ways investors can grow with us, contact us today and we’ll grow a future together. Here are a few ways we have worked with investors in the past.
1031 Exchange – A 1031 Exchange is a tax deferred strategy and method of selling one property and proceeding with the acquisition of another property. This is done to defer capital gains tax on the sale of an investment property. With a 1031 exchange, no gain or tax is recognized when funds are used to purchase new investment property. Farm land is included in this provision, and we can assist you in the purchase of farmland for your 1031 exchange.
Sharecropping – We often use this type of investment as it offers the highest reward to our investors. Conversely, sharecropping involves the most risk. Generally in this type investment, the investor would purchase the land that we would farm. As cultivators of this land, we do not pay any land rent. Rather, we share the profit from the crop it produces. Please contact us for information on how to best structure this to meet your investment, tax and other needs.
Cash Lease – Sproule Farms takes care of the land we lease from others, as if it were our own. We take action such as maintaining crossings, mowing ditches, clearing dead trees from shelter-belts, doing what’s necessary to prevent erosion and ensuring the irrigation and/or drainage systems are properly cared for.
Beet Stock Partnerships – Sproule Farms has had several profitable partnerships with American Crystal sugarbeet stock owners who are interested in sharing in the profits of raising sugarbeets in the Red River Valley, but are unable to provide the day-to-day operational needs during seeding, growing and harvest seasons.
Contact us today to discuss a possible partnership with Sproule Farms.