LANDFLIP Forms Alliance with Six Farm Credit Institutions to Help Buyers Gain Access to Land Financing
For over a decade, LANDFLIP has been innovating the way people buy and sell land online, and thanks to newly built tools, LANDFLIP has created an expedited and seamless way for the thousands of motivated buyers that visit their network to connect with a lender early in the search for land online.
According to AgSouth Farm Credit Marketing Director Christy Smith, "It is difficult to find that perfect piece of land and then secure financing so that it can be yours. AgSouth is excited to work with LANDFLIP to ensure those whose dream it is to own land can make it a reality."
The LANDTHINK Pulse, an informal online survey question posed by LANDFLIP’s complementary website, LANDTHINK, revealed that the inability to obtain financing was the biggest obstacle to buyers seriously considering a land purchase. The innovation will make it easier for buyers to gain access to rural land financing and bring more qualified buyers to sellers.
Farm Credit’s network of customer owned cooperatives supports more than 500,000 farmers, ranchers, agricultural producers, rural infrastructure providers and rural homebuyers in all 50 states and Puerto Rico.
Tobi Fulcher, Vice President of Marketing for First South Farm Credit, commented on the new alliance, "For LANDFLIP to place their trust in us to assist their countless buyers throughout the land financing process is very gratifying. Establishing an early connection between a buyer and lender is critical to ensure buyers are ready to proceed when they find land they want to purchase. Being pre-approved helps buyers determine a price range and strengthens their negotiating position when making an offer. LANDFLIP’s innovation and technology promote a foundation for a more successful land transaction that happens more quickly and with fewer surprises."
Farm Credit institutions provide loans and financial services for farmers and residents of rural communities, financing farms, country homes, equipment, buildings, land, livestock, ag-related operating expenses and more.
Tate Reddick, Vice President of LANDFLIP, is confident that joining forces with Farm Credit, with their commendable reputation as a dependable source of financing, will be beneficial for the Southeast region. A region that, based on the results of last month’s LANDTHINK Pulse, will be the next "hot spot" for investing in land within the next year.
"This is really just the beginning of where we want to go with this. Our goal is to continue expansion in the land lending sector beyond the Southeast to make it easier for land buyers to gain access to land financing. We offer an affordable solution to reach a very large database of engaged and ready land buyers throughout the U.S.," said Reddick.
The LANDFLIP NETWORK, which was completely redeveloped and relaunched in 2016, delivers sought after land directly to buyers based on their specific set of preferences. The newly built tools will spark buyers to connect with a local Farm Credit institution to outline their financial situation and determine if their dream of land ownership can become a reality sooner than they thought.
Nine Farm Credit Institutions fall under the umbrella of these new alliances covering 6 states.
Alabama, Mississippi, Louisiana
First South Farm Credit - https://www.firstsouthfarmcredit.com
Farm Credit Associations of Georgia - https://www.georgiafarmcredit.com
AgSouth Farm Credit, ACA - https://www.agsouthfc.com
AgCarolina Farm Credit - http://www.farmcreditofnc.com
Cape Fear Farm Credit - http://www.farmcreditofnc.com
Farm Credit Carolina - http://www.farmcreditofnc.com
The LANDFLIP NETWORK is currently comprised of LANDFLIP and its 3 complementary land for sale websites, FARMFLIP, RANCHFLIP, LOTFLIP, and LANDTHINK, which provides land-focused knowledge, ideas and networking opportunities to land professionals and enthusiasts. Founded in 2004 and headquartered in Madison, Georgia, the LANDFLIP NETWORK offers an easy and affordable way to list, market and search for land online. Working together, these land for sale websites create a stronger land community, closing the gap between buyers and sellers and laying the groundwork for more successful land transactions.
Farm Credit supports rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow. It has been fulfilling its mission of helping rural America grow and thrive for more than a century with the capital necessary to make businesses successful and by financing vital infrastructure and communication services. For more information visit www.farmcredit.com.