2 ms·
If you could afford 20 acres you can certainly afford to figure out how to make money with it.With 20 acres you can certainly be cost competitive with seasonal
by hattmall 3y ago
If you could afford 20 acres you can certainly afford to figure out how to make money with it.With 20 acres you can certainly be cost competitive with seasonal crops. But that is an insane level of work. The problem is getting the 20 acres. The other poster that says people aren't moving out of cities couldn't be more wrong. The price of rural land has skyrocketed in comparison on city and suburban housing. My home in the city has gone up about 50% since ~2019 and is up to about 2.5x the 2014 purchase price. My rural home has gone up nearly 4x from the 2018 price, but it is a bit more unique as it's a vacation property. The surrounding homes are all up nearly 2x since COVID but had languished prior. The crazy thing though is that the empty land is up at least 5x from ~2018. The medium size tracts that I was hoping to buy have all been sold for anywhere to 5-20x. Very large tracts are 5-10x up and these are actual sold listings.
- alsobrsp 3y agoI know a couple that made a nice profit raising cattle and chickens on 5 acres. It was all about land management.
- TexanFeller 3y agoMy family raised cattle on significantly more acreage. I would characterize it as supplementary income, less income than from my dad's menial day job. Also very inconsistent with prices of cattle and crops fluctuating wildly and rain and pest fluctuations greatly affecting their production. Where I'm from we'd periodically have farmers committing suicide when their crops didn't keep up with expenses for long periods of time.