How Much Does a Farmland Broker Charge?

Top 50 Questions about Farmland

Farmland broker fees can vary widely depending on the size of the property, its value, and the services provided. Here’s what you need to know about typical charges.

Typical Broker Fees

1. Percentage-Based Fee:

   • Broker fees usually range from 1% to 10% of the sale price.
   • Larger farms (e.g., $20 million) often have a lower percentage fee than smaller farms (e.g., $200,000).

2. Flat Fee:

   • In some cases, brokers may charge a flat fee instead of a percentage, depending on the farm and the agreement.

What’s Included in Broker Fees?

1. Marketing and Advertising:
2. Closing Services:
3. Taxes or Back Taxes:

Key Considerations

• Farms with higher values often receive a lower percentage rate due to economies of scale.
• Brokers invest similar effort in all transactions, ensuring equal marketing and service quality for both large and small properties.

Key Takeaways

1. Broker fees typically range from 1% to 10% of the sale price, depending on the property’s value.
2. Services like marketing, closing costs, and abstract updates may be included or billed separately.
3. Fee structures are often negotiable and tailored to the farm’s unique needs.

For transparent pricing and professional service, contact David Whitaker – Iowa Land Guy to learn how we can help you achieve the best results for your farm! David Whitaker | Iowa Land Guy