Despite the last recession hitting us in 2008, there are still a huge number of people who are feeling the effects of it. This combined with chances in agriculture law and less people eating meat has resulted in a number of agriculture land up for grabs, you can find a farm for sale in just about every state and although you may not have any agricultural experience, that shouldn’t stop you from dropping an investment on a farm. There are all kind of possibilities with land such as this and if you aren’t sure whether or not it is a smart investment, here are just some of the ways that you can make money from buying a farm.
Patience
The market value of farms right now is lower than it has been in a very long time and if you are able to stay patient, you could do absolutely nothing with the farm and just wait for the market to pick up. If you have some surplus then you could invest some extra cash into the properties on the farm land, to encourage the market value to rise somewhat. If you do plan on doing this make sure that you are investing only in the areas of the property which will actually increase its value.
Converting
Something which many people are doing with farmland is converting it into luxury country accommodation which they can rent out to large groups, or even setting up a number of properties on the land. Permissions for building on farmland are often given out by local government as long as you respect the landscape, this means that you can invest money into 2 or 3 holiday rentals on the land. Many people love to rent houses such as this to get away from it all and they can be quite the earner.
Change Careers
Just because there is less money in farming now than there was in the past, it doesn’t mean that there is no longer cash to be made. Perhaps you fancy a change of career and think that farming could be for you. In fact dairy farms are doing very well at the moment so you may consider investing your time and your money into something like this. Given the rise in cereal and grain sales you could also look to use the land to create a plant-based business.
Renting
Many farmers operate on a small scale and if you are able to buy a farm with plenty of open space, you could rent out certain areas of it to other farmers which they can use to let their animals graze upon. This can help to bring some cash flow in until the market value of the farm picks up and you can sell it for profit.
There are many opportunities for you and if you can get the right deal on the farm, you could make a tidy profit.
