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Farming is massively mechanized and run by professionals with million dollar equipment. This is not good advice unless OP really wants to get his hands dirty an
by anonu 6y ago
Farming is massively mechanized and run by professionals with million dollar equipment. This is not good advice unless OP really wants to get his hands dirty and spend his nest egg
- giantg2 6y agoYou can buy the land and lease the field use to farmers to plant. This is pretty common in some areas.
- voisin 6y agoCheck out the lease rates relative to purchase price. It’s around 1% of purchase price on a gross revenue basis. After subtracting low property taxes on the farm land, you net zero or very close on a nominal basis. Oh, and the mechanized farming referred to upthread? It’s sucking the nutrients out of the soil and rendering it less productive year by year.
- deleted 6y ago[deleted]
- jelliclesfarm 6y agoThis is not for growing grains and commodities , but if bought in hundreds of acres, it can be mechanized. It is possible to have homesteads to grow everything you need for a self sustaining lifestyle. ‘Off grid’ living including outside of an unstable money economy. Energy, water, food, fiber and some amount of cash can be derived from land. It can be bartered or sold. You can form co-ops with other like minded people with a million savings. With food, hydroponics, orchards, field crops, honey, eggs, meat and fish. You can get a (cobot)robot in that budget to eliminate need for labour. A million dollars is not much. Any value of a dollar/market currency is pegged against what it can buy. You can’t outrun inflation if you want to live within the matrix. My (literal)2c.