Selling Saskatchewan farmland

Selling farm land is a major decision, and we realize you have one chance to get it right. With over 25 years of real estate experience Adam and Kristy Hungle can help you capitalize on all your hard earned equity. 

We're a family run team who specialize in selling farm and ranch real estate. We have sold 100's of properties and have seen almost every real estate situation. We have "Acres of Experience".

We believe in using the latest techniques and technologies to help our clients but also value how important it is to do business with a smile and a handshake. We take a pro-active approach and believe communication is key.

Our Services

 One of the key benefits of listing your property with us is that it will be exposed to the multiple listing system (MLS®), which is a network of over 1,000 websites and all the Realtors in our co-operative. This means that your property will be seen by a large number of potential buyers, increasing the chances of a successful sale.

Additionally, we use a drone to take high-definition photos and videos of our listings from the air. This provides buyers with a unique perspective and can help them visualize the property better, which can speed up the sale process.

We also have a large database of buyers, including investors and farmers who are always looking for farmland. This means that we can quickly match your property with potential buyers and facilitate a sale.

Furthermore, as experienced Realtors, we are skilled at negotiating on your behalf. We understand the real estate market and will work hard to get you the best possible price and terms for your property.

We are also bound by a strict code of ethics that requires us to treat our clients honestly and truthfully. This means that you can trust us to always have your best interests at heart.

Finally, our services are commission-based, which means that we only get paid when your property sells. Our commission covers all the expenses associated with listing and selling your property, including advertising, promotion, and showings. This means that there is no cost to you unless your property sells.

Important Tax Information for Selling Farm Land in Saskatchewan

As a farmer in Saskatchewan, you may be eligible for a capital gains exemption when selling your farmland. The exemption allows you to exclude up to $1,000,000 of capital gains from your taxable income, as long as you have owned the land for at least two years and your gross farm income has exceeded all other sources of income during that time. If you are married, your spouse may also be eligible for a separate exemption of up to $1,000,000.

It's important to note that if you are receiving the Old Age Security pension, you will need to pay back any capital gains exemption you claim in the years you receive the pension. Additionally, you may be subject to the alternate minimum tax, which could be as high as $35,000 for a farmer claiming a $500,000 exemption. However, this tax will be refunded to you over the next seven years if you owe taxes in those years.

It's also worth noting that the capital gains exemption is a lifetime exemption, which means that if you sell $500,000 worth of farmland now, you will still have $500,000 worth of exemption available for future transactions.

If you have any further questions about the capital gains exemption, we recommend speaking with your accountant for more detailed information and advice.

Track Record

Top 5% in all of Saskatchewan Realtors

25 years combined real estate experience

100's of properties sold

Specializing in Ranch and Farm Properties

Family used to farm in Holdfast and Dinsmore Area