My grandparents died, im inheriting 1000 acres of farm land worth $1-2million dollars. The farm is managed by a farm management company and the output includes basedbeans, corn and some cattle. With the farm management company and subsidies it returns ~30k/year.
Does anyone have any advice? I've grown shitloads of weed years ago, but that is the most farming experience left in the family.
Any farmers out there? Should I keep this property and just collect the 30k/year? Should I sell the land and invest in things I actually understand?
I'm not otherwise rich, meaning there is no money for me to take over the farm as this would mean buying shitloads of equipment, hiring people etc. It isnt impossible or off the table, but I dont see myself taking that risk.
Please no recommendations to liquidate the farm and buy chainlink or other cryptos.
That's a huge amount of land. I would imagine, at least where I'm from, that it could be valued at much higher than 1-2 mill. A shit house in the suburbs here costs nearly a million. You could build on it... It is the family farm. Ultimately owning land is likely to only ever be something that increases in value unless populations world wide plummet...in which case who even cares. Weed is probably a great move if you can grow it there. Massive industry.
Christian Johnson
if you leased the land to a larger operation you'd probably be able to find a better rate of return.
farming is pure economies of scale, so unless your farming operation is using more than your land they're probably not making enough to really give you optimized returns. you're better off leasing the land to the biggest operators in your region, to raise your yields and decrease relative fixed costs.
>t. landowner, have 600 acres of organic land that nets ~$40k annual
Justin Ramirez
im guessing the value conservatively low because this is all about to go in probate and there hasnt been an appraisal yet. but the land is in use, it isn't bare so it could be as high as 7mill
Landon James
So is farming not good money?
Parker Cook
I think you should sell your proven, productive source of income then dump all the money into imaginary internet tokens
Grayson Ramirez
They weren't doing all that alone. Talk to their buyers, any farmhands, suppliers. Figure out what they did and how. If they left any instructions, pour over them and figure out if it's something you want to do.
It sounds like a wonderful opportunity but not for the lazy. At the minimum you'll need enough business smarts to negotiate better contracts and find buyers. I say go for it.
Gavin Miller
Keep land Use 30k per year to buy LINK and STA. Re-invest passive income from LINK and STA back into the land. Make your grandparents proud user.
Adrian Phillips
Start a cult. Built a bunker.
Hudson Gonzalez
keep the farm you stupid fucking faggot. Never sell family heirloom. Keep your day job and invest everything now that you dont have a mortgage. Be thankful for what you have and don't be a greedy little fuck head trying to sell what your family members entrusted you with. You honestly sound like a cunt for even considering selling it. I could only wish to have that kind of generous gift handed down to me.
Noah Moore
Make a biz kibbutz for fellow anons trying to escape a dying world.
Alexander Diaz
if farming was good money everyone would be doing it. It's hard work for relatively little return. But you get the benefits of a cozy, rural area to reside in.
Luke Howard
baste, everyone telling you to sell it should fuck off and die. it's decent passive income, more than some people make a year. the people that work on it provide for their families, you sit on your ass and collect the rest of the profits. doesn't seem like rocket science. whatever they had going before is probably still working without you getting in the mix, just sit back and let it ride.
Joshua Barnes
you take a minority split of the profit, leasing the land to people that do the work and take the lion's share.
Matthew Turner
Figure out what the yearly revenue is being generated by the farm management company, then hire a jewish lawyer to draft up a contract that offers them to buy the land on an ammount that is relative to how much revenue they plan to generate from the land over the next 10 years. 30k is shit money they are likely making millions on that land your old gparents seem like they are getting shystered call a lawyer and do the jew on them, threaten to sell it unless they pay you double current income
Austin Harris
Wow you got 1000 acres... with the free $40k life support...... and you won't even build a house in the middle of it, to never see niggers again?
Luis Hernandez
>Should I keep this property and just collect the 30k/year? yes, 3% APY is good.
Anthony Johnson
grow yams
Camden Flores
Sell the land
Levi Wilson
SELL THE LAND
BUY CHAINSTINK
PROFIT
Bentley Reyes
This. I also have a farm. Land will always appreciate. Don't be a fool, keep it to generate passive income.
Mason Thomas
Sell the landd
Matthew Price
Does the property have a house on it? If it does it might be worth keeping that part and selling off the rest of the land. That way you got cash in hand and enough money to get any sort of business venture you want off the ground and still have a good bug out spot.
Also I think you could split the land in two parcels... 1 for your personal use, and the other which you lease out.
Ian Russell
DON'T SELL THE LAND TO THE MANAGEMENT COMPANY THEY WILL SCREW YOU If you sell it put it up for auction and advertise it well. You will get a much higher price.
