How to Price a Reindeer Farm

Reindeer are commonly found in northern Scandinavia, Europe and parts of Russia. On the North American continent, reindeer are mostly recognized as caribou. The last wild reindeer were found in southern Norway in the 19th century. The imagery of Norway on the flag and the coat of arms has the reindeer as its focal point.

Difficulty: Moderate

Instructions

1. Launch your search into pricing a reindeer farm realistically. The domestication of a reindeer is common around the world. Farming is costly with not much reward.

2. Determine just how involved you want to be in the day to day of a reindeer farm. The answer will narrow your prospects considerably--most people have other jobs.

3. Write a business plan. While you are on your search to price reindeer farms an outline will suffice. You need to know just how set you are financially even to price a farm.

4. Expel all notions that all farmers are "right off the farm." A reindeer farm is a business and farmers are businessmen first and hobbyist second.

5. Hide your fear that you don't know enough about a reindeer farm to own one. Many reindeer farm owners have hired-hands that assist them in the day-to-day on the farm.

6. Get realtors to assist you in your search. They have contacts that you may not have on your own. Sometimes people will sell if approached, but there is no for sale sign posted. A realtor will know who wants to sell.

7. Investigate thoroughly the economy of the area you want to buy your reindeer farm in--you will not pay the same for land in Montana that you will in Massachusetts.

Tips & Warnings

• Your background experience will aid you in pricing a reindeer farm if you know anything about business.
• Know your property assessor—make sure they are reputable.

Resources

• Guide to auctions of farms.
• Farm discussion forums.