When Do We Get Paid for Selling Farmland?

Top 50 Questions about Farmland

Payment for your farmland typically happens on the closing day, which is usually around 45 days after the auction or sale. Here's how the process works:

Payment Process

1. Closing Day:

   • The buyer transfers funds to the closing office (usually a title company or attorney).
   • The closing office then distributes the funds to the seller or sellers.

2. Payment Method:

   • Wire Transfer: Often completed on the same day as closing.
   • Check: May take 2–3 days to arrive by mail after closing.

Key Takeaways

1. Sellers are paid on closing day, typically 45 days after the auction or sale.
2. Payment is distributed via wire transfer or check, depending on your preference.
3. Delays may occur if multiple parties are involved, as all distributions must be finalized.

For a smooth and professional closing process, contact David Whitaker – Iowa Land Guy for expert assistance with your farmland transaction! David Whitaker | Iowa Land Guy