You Can Do This
There’s never been a better time to purchase hunting land in the North Woods of Minnesota and Wisconsin. The largest landowners in the area, timber companies and paper mills, are now selling off large tracts of land. AgStar is uniquely qualified to help you take advantage of this rare opportunity.
- Get a 30-year fixed rate loan with flexible payment options
AgStar isn’t like traditional lending institutions. As part of the Farm Credit System, we’re chartered to finance agriculture properties. This includes individuals who want to own wooded property – because timber is a harvestable crop. It’s a critical distinction that allows AgStar to be very accommodating when it comes to financing. Many banks don’t offer financing terms beyond 5 or 7 years. AgStar can offer a 30-year fixed rate loan with a flexible payment schedule to fit your needs (monthly, quarterly, semi-annually or annually). - Assess the value of the land and the timber
When buying forested properties, the value of the land is separate from the value of the timber. You need to consider both. AgStar has the expertise and connections to help. Our professional appraisers can assess the value of your property and, if necessary, help you work with a qualified forester to assess the value of the timber separately. This is what’s known as a timber cruise. The amount, variety, and maturity of the trees on any property impacts the price you should or could pay. It will also help you determine if your land has the potential to produce revenue from partial or selective timber harvest. That’s right, your hunting land may actually produce revenue. - Take advantage of all the incentives
AgStar can help you develop a land management plan that qualifies for state and federal incentive programs, such as the Sustainable Forest Incentive Act (SFIA). With proper planning, you may be able to capitalize upon your land’s resources and take advantage of valuable tax incentives. More importantly, you will be maintaining a healthy forest ecosystem and improving the value of your land. - Connect with your family and friends
Hunting with your family and friends on your own private land is more than a memorable experience. It is your legacy to future generations. With the value of land likely to continue rising, it makes sense to secure your place in the woods today. - Purchase land as a group
If the price of hunting land seems out of reach, consider purchasing land as a group. We often work with groups of four or five friends or family members. By combining resources, you may be able to afford all the acres you need to pursue your lifelong passion. - Get pre-approved
The first step to owning land in the North Woods is to talk with an AgStar North Woods Land Specialist. He can get you pre-approved right away so you know how much land you can afford before you start looking. He’ll also be able to answer all your questions about finding and financing land in more detail.
CLICK HERE to get pre-approved!
