As you may know, buying land is a very good investment. Why? Because unless it is nuked, land will never lose it's value. Did you know that land is being scooped up by the hundreds of thousands of acres? If you are considering buying land. Let's explore what you can do with it. If you have a small horse property, you will want to buy adjacent acres, for riding trails (if the acreage is wooded) or to plant and harvest hay. You will want to plant Timothy and Alfalfa. This is the best grass to grow for horses because it does not make them colicky and it does not clump up in their gut which will kill them. Horse people will drive for miles to buy good T&A! This sounds a little risque, but I'm speaking in horse hay terms here.....
For large tracts of land, you will want to lease to a tenant farmer. He/she will pay you a rental fee per acre, usually about 1K/acre or they farm the land, you split the profits. Soy beans are the way to go here for many reasons. You'll want to buy as close to a city as possible, and look for property with road frontage. Why? Call me...
Saturday, March 8, 2008
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