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Country Discussion Topics
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Revenue from 20 acre farm?
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Lynn Kasdorf - Leesburg,    Posted 02-11-2004 at 07:02:52       [Reply]  [Send Email]
We are looking seriously at buying a nice 20 acre farm-ette. It is exactly what I'm looking for- a great old restored farmhouse, a wonderful stone bank barn, nice setting, etc. I'll have room to set up the woodworking shop of my dreams. I'll have space to restore antique tractors, etc.

The problem is- it is a little out of our budget- by about $600/month.

I am trying to investigate ways that we could get a little income from the property. This is not something I'll make my living on- just a hopefully low-effort way of defraying the mortgage a bit. For one thing, I'd need to do some sort of agricultural activity to keep the property in land use to minimize the obscenely high property taxes.

I'm most in favor of renting/leasing out part of the land for somebody else to do most of the work. My wife is not real keen on us taking on the responsibilities animal husbandry right now on top of rasing two little boys (2 and 3 1/2). When they are older, sure.

Plus, she would hate to get attached to a cow, just to have it slaughtered. Still, I don't want to rule out raising a couple cows or a flock of sheep. I just don't know what sorty of revenue thsi woudl provide.

How about leasing out a chunk of the land to somebody for grazing cattle or other livestock? About 17 acres would be available. Is this large enough for this?

If I alter the barn a bit and create a few enclosed and maybe heated stalls, perhaps we could board horses. I'd only consider the lowest level of service- basically just renting out the stall and pasture, and the owner does the work.

I considered trying to raise some sort of specialty crop on a section of land, but this strikes me as very labor intensive and low return.

Any good ideas out there?

Dieselrider Don't    Posted 02-11-2004 at 16:57:11       [Reply]  [No Email]
sell yourself short. If you are going to offer more services ask more $$. If you go this route take the time to find out what others in the area are charging and what services they are offering. Like the others have said, horses are about the only way you can make up that kind of money on a regular basis. Also consider all the finepoints, like. What are you going to do if you get a deadbeat horse owner? Will your wife and family like the idea of stabling horses? Who will do any work neccessary when you want to take a vacation? I'm not trying to rain on your parade btu, these things will need dealt with.

Mark in MO    Posted 02-11-2004 at 11:29:14       [Reply]  [Send Email]
Stable horses.
Here in the Kansas City Metro area, just about any place with good fence and shelter will bring $200/month per head. More if you have a good place to ride. Some are getting $600/month for room and board.

toolman    Posted 02-11-2004 at 11:22:06       [Reply]  [No Email]
Lynn, horse boarding is probably the one way to make the most money, just pick who you want first because lots of people are very picky , don,t really need stables , depending on the number of horses , three sided shelters are enough for horses and work best for them, fence cross fence have a turn out area area, mabey build a round pen or some sort of a riding arena depending on what your clients will pay for, one other thing don,t know how things are where you are but here they allow for trees to be farmed for farm status, helps keep the taxes down, im doin that this year , i,ll plant a bunch of trees , im goin more for the landscape type trees rather than christmas trees , figure if i ever sell any i,ll get more for landscape trees than the other, they will give me farm status for 7 years while these trees grow, with our ever increasing assessments anything i can do will allow me to keep the place and not lose it to the tax man. green houses , growing flowers, herbs, organic crops etc. depending on how much work you want to do ,best of luck.

LesWV    Posted 02-11-2004 at 10:15:50       [Reply]  [Send Email]
Some people around here make over $500,000.00+ a year on less than 20 acres of land. Usally land owned by someone else.
And all they have to worry about are the helicopters come fall.

deadcarp    Posted 02-11-2004 at 09:15:54       [Reply]  [No Email]
20 acres sounds like alot. its enough for like a bmx track or something but it's not much for stock - it takes about 4 acres/head to support cows so ------- :)

mike    Posted 02-11-2004 at 09:15:13       [Reply]  [Send Email]
Lynn, I agree with the others that your best bet might be renting for horses. I have a little more than 17 acres in Wisconsin. Cropland will not rent out here for much more than $90/acre/year, and pasture land is around $35. That won't cover it.

Any kind of animals or crops is always a gamble, and you might not make anything--in fact there will be years where you have a loss.

Your only other option might be to rent storage space for boats or something like that if you don't want the horses.

I love the rural life as well, but it has to be a hobby with such limited acreage. There is no way to generate enough cash flow to make a living in modern times. I regret that very much, but it is a fact.

CAH    Posted 02-11-2004 at 08:00:24       [Reply]  [No Email]
Is the setting actractive. We have always though about building a nice shelter/ picnic area and rent it out by event. Like company picnics, family reunions, weddings, etc. Your intial cost would be low and once you did a couple bookings word of mouth would help. You would be providing a secluded area for a private gathering. Just something to consider. Maybe some walking trails/horse trails. Maybe even a camping area. Most liability ins. in your homeowners policy will cover any risk.

VADAVE    Posted 02-11-2004 at 07:19:58       [Reply]  [Send Email]
That's 1) bedroom community for Washington DC
2) horse country
There is a little farming in the area but not much since elevators have moved to othr places, like Culpepper.
You could rent to another farmer (might be hard to find) for $30 - $50/ac per year. That'll bring maybe $750 a year. Not exactly enough to offset the 600/mo shortfall.
Renting to horse owners sounds like the deal to do. you've got a better chance to getting the offset.
By the way has anybody asked aboput fox hunting across you yet?

Lynn Kasdorf - Leesburg,    Posted 02-11-2004 at 10:11:24       [Reply]  [Send Email]
It is serious horse country- I don't know if that is good or bad for a boarding business. There is probably lots of competition. But maybe I could offer a lower cost alternative for somebody who is willing to work.

I suspect that we'd still be responsible for some of the animal care, like feeding, turn in and out. A horse owner won't come out every day.

My relatives who are boarding customers don't reccomend we try this. But they are used to full service boarding facilities.

KellyGa    Posted 02-11-2004 at 07:13:51       [Reply]  [No Email]
Sounds wonderful. 600 a month, eh? Thats a deal compared to what you can get around here. Anything within an hours drive of Atlanta is expensive. You'd be lucky to get a house and 5 acres for 600 a month. Go for it. Glad you found something like that. I would make it work, thats for sure, for that price. Wishing you all the joy and luck and happiness. Sounds like a great place to raise your kids. :)

Lynn Kasdorf - Leesburg,    Posted 02-11-2004 at 07:20:18       [Reply]  [Send Email]
No- you misread. The monthly outlay would be about $600-700 MORE that we are paying for our current place (depending on what we sell our current place for and what we coudl buy the new place for).

Basically, my wife is not comfortable with us being on the line for that much more outlay per month- she'd like to keep it about where it is.

KellyGa    Posted 02-11-2004 at 07:24:29       [Reply]  [No Email]
Oh, sorry about that. That would be a lot then. I too, wish my family could afford something like that. I think the best we are gonna get is 5 acres, when we do get something else. With two small children, it would be hard to spend that much. Kids are expensive, and get more expensive as they get older! ;) Well, good luck whatever you choose, let us know how things turn out.

Salmoneye    Posted 02-11-2004 at 07:12:18       [Reply]  [No Email]
Horse Boarding...

Rent the space only...Make the owner come and feed and slop out any stalls used etc...

Guy across the road gets 200/month/animal and he does NOTHING...

my 2

Clipper    Posted 02-11-2004 at 07:11:01       [Reply]  [No Email]
Leasing out to other farmers may be yer best bet....we do that here with 160 acres. As for boarding horses check into your insurance requirements for that before ya jump into it....we discovered that the insurance costs for that was really high.

Get the wife/kids involved with 4H in your area....they will help your transition to "country life" and provide more options for what you can do with your land to increase income. Good Luck!!!

Oh and if ya happen to have any extra steaks could ya....... :^)

Man...    Posted 02-11-2004 at 07:14:35       [Reply]  [No Email]
I am going to have to find you some good Catholic steaks...Unless of course you would rather have Animist steaks...

Salmoneye, Who Would Have To Call In Some Markers From Some Natives He Knows

Clipper    Posted 02-11-2004 at 07:19:40       [Reply]  [No Email]
If I can get that durn grill unfrozen I got a couple of Black Angus steaks that are begging to get Bar-B-Qued....gotta find that flame-thrower......

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