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| josbigbiz |
 Posted: Mon Dec 12, 2005 4:07 pm Post subject: Remote Farming |
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New Poster
Joined: 12 Dec 2005
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| Has anyone out there ever bought some acerage and managed to farm it while not living near the operation? This sounds like a great way to hold on to a property while waiting for it to gain value. A guy could save on property taxes and make some extra cash from the crops. I am considering doing this and would like to know if anyone has any advice or comments. |
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| Im Not Warren Buffett |
| Posted: Mon Dec 12, 2005 4:10 pm Post subject: |
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CFO
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I can't say thats the most conventional approach to land speculating I've ever heard... what kind of land is it and how much to you have? What do you know about farming? Farming could be expensive with all the equipment required, I think you should consider the costs of that first.
I see its your first post, welcome! |
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| Benjamin |
| Posted: Mon Dec 12, 2005 4:56 pm Post subject: |
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Administrator
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Welcome to eInvesting!
Hmmm, I think you'd need a freelance farmer! Is there such a thing? 
Or do you mean you'd go work the land on weekends?
Sounds like you may be better off buying a run-down house and flipping it. |
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| geb9696 |
| Posted: Mon Dec 12, 2005 4:59 pm Post subject: |
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Investing VP
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| Unless you know a lot about farming I do not see how it could possibly be profitable to farm land that you buy. It sounds like you would not be doing the farming yourself. This means that you have to take into account the price of labor + farm equipment + supervison of labor + someone buy the crop that you produce + competition from the huge commecial farms = I dont see how you could make any money doing it. |
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| stockmarkettips |
| Posted: Mon Dec 12, 2005 8:31 pm Post subject: |
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Investing Manager
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| Anyone know where good cheap farm land is? What state in the U.S. is best right now? |
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| frusnak |
| Posted: Tue Dec 13, 2005 12:06 am Post subject: |
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CFO
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| Without being a company farm enterprise, you could purchase the land and lease it to one or an individual farmer. Amounts that I've heard range from $70-$90 per acre. |
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| NCSUPAGE |
| Posted: Tue Dec 13, 2005 5:42 am Post subject: |
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Investing Manager
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Coming from a farming community, I can say the best way to do what you're talking about is to rent or lease the land out to professional farmers because the equipment costs for doing it yourself would be astronomical. Also, to make it worth your while, you would need to have about 5+ acres, but the larger the plat, the better...
Don't know how it compares to other states, but land is around 10-15,000 $/acre around where I'm from (Johnston County, North Carolina). I used to work for a land surveyor, so I've seen cheap and expensive depending on the owner... |
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| stockmarkettips |
| Posted: Thu Dec 15, 2005 9:16 am Post subject: |
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Investing Manager
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Solar power can now bring life to ag land that is off the grid. Check out what worldwater is doing with project like this:
http://www.worldwater.com/pages/seley.html
With rebates coming from the government in California, I am considering trying to purchase some land in a remote area and farm it with a solar powered well. I've seen prices as low as $5,000 an acre in California City. |
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| Im Not Warren Buffett |
| Posted: Sun Dec 18, 2005 5:35 pm Post subject: |
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CFO
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| Has anyone ever played Harvest Moon? I thought it was wicked back in the days of SNES. This thread got me thinking about it... |
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| stockmarkettips |
| Posted: Wed Dec 21, 2005 7:09 pm Post subject: |
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Investing Manager
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| Never heard if Harvest Moon. Tell us more. |
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| Im Not Warren Buffett |
| Posted: Thu Dec 22, 2005 7:56 am Post subject: |
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CFO
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Its one of those fascinatingly retarded games, I just find it to be addictive for some odd reason.
The basic idea is that you take over a neglected farm, and you need to bring it back to prosperity and the like. You go through the seasons, planting, harvesting, etc. but you also go into the village to interact with people. You can build yourself a new house, get into livestock, find a wife, its all pretty wild.
Now that I think about it, theres really no good reason why I would play that instead of Medieval: Total War, but sometimes I do, even though MTW is amazing. Might need to start a thread about it; it should suffice to say that my military heros are Hannibal and Frederick of Prussia, and I could take either of them in a battle. |
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| geb9696 |
| Posted: Sat Dec 24, 2005 12:02 pm Post subject: |
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Investing VP
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| MTW is such a fun game. To bad they dont show the assasination attempts like they did in Shogun one. |
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| njriverman |
| Posted: Tue Aug 29, 2006 10:38 am Post subject: |
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New Poster
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I own farm land, many years I have to pay farmers to farm it to keep tax assessment.
Farm land in NJ doesnt work for cash flow at all. How about timber, crop gains value and if there is a down year price wise you can wait. Cant leave corn in the field another year. |
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