Re: Need Advice

Posted by farmall300u on January 05, 2005 at 18:03:47 from (68.224.159.20):

In Reply to: Need Advice posted by 8nNewbie on January 05, 2005 at 16:00:08:

Seems to me you need to break this down into its components.
1. Has the 40 acre of woods been inspected and a gameplan developed? Does the woods consist of hardwoods, pine, etc? Any trees worth lumbering? What is price of firewood where you live? Can you harvest/sell enough each year to pay say 50% of your taxes? 25 face cords should yield $1500 dollars.
2. On the tillable acres, can you rent out 50 acres for $30/acre to a farmer nearby? b)What is the hay market like in the NY area you are located in? 65 acres can be profitable, but you will neet a bigger tractor and to find a baler, seeder and something to cut and windrow the hay. Might take you 2-3 years to recover your startup costs. c) Is there any market for turning some part of the 65 acres into a small trailer park? Rural zoning 1-5 acres/trailer?? as you would need to sink a well and septic for each rental space. d) Can you rent out space for parking and storing boats, RV's, etc.?
3. Barn/Pasture -- depending on your life style, I would buy some beef cattle, use the hay and turn these animals over every 2 yrs.

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