Hey Paul, Thanks for the advice, as you are dealing with the same type of problem and live in the same metro area. I know some of what is going on in the western part of the Cities. My cousin bought 30 acres in Maple Grove along Weaver Creek in the early 80's for about $1500 an acre. He sold it to a developer a few years ago and when I asked what he got, he just smiled. He hasn't worked a day since though.
My land is northeast of the Twin Cities, north of Stillwater. The tax value is high, but no one is willing to pay that for it. It is near the St. Croix River and has a 1/4 mile of access to a state highway. It was my Father's land and he has rented it out since he quite farming in the 1970's. The problem is that there is only one large farmer in the area renting land, so he can tell us what he will pay. I have applied for Green Acres in Washington County and that is where the 25 or so acres comes from. They took away the homesite, a low area and the easement for a town road. They also took away the area of a small pond and the trees that grow around it. You are right in the fact that the rental income keeps us qulified for the exception. I was just trying to think of a way to generate more income from the land. Everyone living around there, with their 5 acres, thinks they are farmers. They all seem to have a couple of horses, a new tractor with a loader, a few acres of pasture and a new out bulding for the horses. Hay seemed to be the best way to go, since most of the "farmers" don't have any to havest themselfs. What type of hay do you put in? Do you go with small, square bales? There are alot of farm auctions in the area and haying equipment is not too hard to find. Here's my other tractor. Too bad most of my Father's equipment was sold at an auction.
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