Hay is some work and takes some timing (you cut & bale it when it is ready, not whenever you get around to it....) but seems to be the crop you have, with a building to store it in and sell when prices are higher in winter. Might be a nice deal for you. Not get rich and retire, but you understand that. Can start baling what you have, switch out to alfalfa or some mix of better hay as you go....
Corn or soybeans or wheat needs a lot more machinery and drying and storage for such a small acreage, and despite the crazy prices of the past 2 years is a commodity business where volume is needed to pay.
Specialty crops like catnip or such have their own challenges, you need to research if you are willing to do the extra work most of those need; but can pay off very very well for you. If it were easy everyone would be growing these, so you need to dedicate yourself to a lot of work or risk to make these difficult, small-market crops grow. But the payoff is big if you are willing to do so, your best shot by far of making real money on small acres!
Livestock - I'm not excited about 5 acres worth of livestock. Be a hobby, get yourself a beef in the freezer, but takes 2 years before you see any return on a lot of work, need attention every day you get tied down.... Great if you want lifestock, but not a big money maker for the 365 day investment.
Horse boarding can pay well if you want critters, but the people you deal with will be a lot more trouble than the critters themselves, you'd need people skills at least as good as Dave2, :) and deal with the liability and such.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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