MONDAMIN, Iowa (June 29, 2017) — DreamDirt’s Jason Smith sells a lot of farmland to Midwestern farmers, and the upcoming auction of 6,100 acres will be a big one. The farm has a solid productivity record for growing soybeans but is also suitable for corn, sunflowers and other crops. And it’s located within an hour’s drive of three soy processing plants.
Did we mention that it’s in the Republic of Paraguay? Smith says the firm is targeting farmland investors, REITs and investment firms.
“Farmland investors who understand the benefits of international diversification will immediately see the benefits of this farm, which has performed well as an investment. It is located in a stable nation with a good growth rate and extremely low taxes. With modest labor costs and a 12-month growing season, it presents the opportunity for a very attractive, stable rate of return. Investors will also note that there are very few farms of this size and quality on the market in Paraguay,” said Smith, founder and president of the auction company.
“We’ve always been known for our sales of farms and equipment in the Midwest, and this is no exception. Paraguay Partners LLC that owns the 6,100 acres is an Iowa-based LLC owned by a group of investors for the past eight years and is now ready to sell,” said Smith. “This opportunity is absolutely turnkey for the buyer, and with the LLC already set up, the transaction is extremely simple,” he said.
The farm is selling as an entirety, with all equipment needed to operate the farm. It also includes a recently built home and outbuildings.
“Investors are attracted to farmland because it provides important diversification. Many farms in the United States have been hit by weak commodity prices, prompting more investors to look beyond our shores. Because it is an ongoing operation, the farm even has labor already in place, as well as a new home on the property,” he said.
The online auction is being conducted at www.DreamDirt.com and will end at 3 p.m. Friday, August 11. Individuals seeking additional information may visit the web site or call 855-376-3478.