America's Land Auctioneer is joined by Pat Traynor, Executive Director of the Dakota Medical Foundation in Fargo, North Dakota. The duo discusses the importance of creating a game plan when investing in farmland. Pat shares his approach to investing in farmland. Pat addresses the land attributes he looks for, the importance of running your numbers, and studying the tax implications.
Pat also emphasizes the importance of learning and making 30-40 year decisions, not 1 year. Kevin and Pat address how having a great tenant is very important to the success of your farmland investments.