What Documents Do You Need to Start the Auction Process?

Top 50 Questions about Farmland

Starting the farmland auction process requires a few key documents to ensure everything is handled smoothly and legally. Here's what you’ll need:

Essential Documents

1. Listing or Auction Agreement:

   • This agreement outlines terms like price, conditions, auction date, and location.
   • It formalizes the relationship between you, the seller, and the brokerage/auction company.

2. FSA Release Form:

   • This form allows the auction company to access farm details from the Farm Service Agency, including your farm’s "report card."

3. Executor or Trustee Paperwork (if applicable):

   • Needed if you’re acting on behalf of an estate, trust, or multiple owners.
   • Establishes your authority to represent the group.

Optional but Helpful Documents

1. Abstract of Title:

Key Takeaways

1. A signed auction agreement and FSA release form are required to get started.
2. Executor or trustee documentation is essential if selling on behalf of an estate or trust.
3. Finding your abstract of title early ensures a smoother closing process.

Ready to begin the auction process? Contact David Whitaker – Iowa Land Guy for a seamless and professional experience! David Whitaker | Iowa Land Guy