Top Ways to Generate Extra Income on Your Farming Land



by Caroline Kirby

If you’re a farmer or own hobby farmland, you could be missing out on opportunities to generate extra income. Harvesting crops and tending to some livestock may be your main source of income, but putting in a little extra work today could lead to a big ROI in the future.

If you own farmland and are interested in bringing in extra income, here are some of the top ways.

Different Ways to Make Income off of Your Farmland

Ranging from super creative to the obvious, here are some of the best ways to bring in extra income on your farm. Whether your main operation is or isn’t bringing in enough profit, you can ensure your farm has enough to run smoothly by implementing one, or a mix, of these ideas.

  1. Invite Treasure Hunters to Your Land: Between plantings, you could advertise and let people with metal detectors come out and scan certain areas for a price. Check out Facebook for any local groups and get in touch!

  2. Create a Campsite: If you live in an area that sees a lot of tourists you could establish a campsite on part of your land. This can be as basic or modern as you’d like. Including showers and toilets is a necessity, but you could also offer electricity and food for an extra fee.

  3. Host a Swap Meet: Charge vendors a small fee to set up a booth on your land for weekend swap meets. Over time this method will likely gain traction and become a stable source of income.

  4. Rent Land for Solar Energy: In different places across the U.S., solar companies are seeking extra acres to set up their solar panels and equipment. You could receive a steady stream of pay each month by renting your land.

  5. Monetize Your Skills: If you have a particular skill or offer something unique in the area you could invite people to your farm to teach a workshop or class on the subject.

  6. Set Up a B&B: If you have an available building on your property and some time to spruce things up, you could establish a bed and breakfast.

  7. Private Fishing Lakes: If you have lakes on your property you could develop them into public fishing lakes. You have two options when going this route. You can have a catch and release fishing experience where your visitors pay an entry fee and can stay as long as they’d like. The other option is to pay per fish. Visitors may pay a small entry fee and then their catch must be weighed and paid for.

  8. Farmers Market: Similar to the swap meet idea, you could host a farmers market on your land. An added benefit to this option is you’ll have a chance to establish connections with other local farmers.

These eight ways to generate extra income just scratch the surface of all the possibilities. However, if you were to implement even one of the above methods you’d be able to generate some extra income.

If you’re interested in looking at farmland to purchase, check out the existing properties on LandHub.com!

Lease Your Land for a Solar Farm



by Caroline Kirby

Do you have available acreage and no plans on how to use it? You should consider leasing your land for solar power projects! In the last few years, farmers across the country have been approached by solar companies looking for open land to lease for their solar projects.

Using your land for a solar farm could bring a lot of benefits. Here’s what you need to know!

The Basics of Leasing Land for a Solar Farm

Solar land leases are a contract between a landowner and a solar developer. The solar developer is leasing your land to install photovoltaic (PV) solar arrays to generate electricity. While the electricity from these systems does not benefit the landowner, the landowner will still enjoy the benefits of receiving lease payments.

There are many considerations to address when deciding if leasing to solar developers is the appropriate option for you. Every state has different regulations as do the local communities. Before entering into a lease agreement you will need to research your local laws and restrictions as well as garner community support, if applicable to your land’s location.

What Are the Benefits of Leasing Your Land for Solar Projects?

While every project varies as do the rules and regulations per region, there are some uniform benefits to leasing your land for solar energy regardless of the amount of land or location. Here are a few:

  • Maintain ownership of your land.
  • Long-term lease agreement.
  • No carbon emissions.
  • Creation of local jobs.
  • Financial security.

How Do I Know if My Land Qualifies?

Depending on the developer you try to enter into an agreement with you may be subject to different factors. However, some of the most common factors that may determine if your land is suitable for a solar farm include:

  1. Located near transmission lines and substations.
  2. Geological characteristics are favorable (flat slope, few rocks, and trees, etc.)
  3. Available acreage (generally a minimum of 10 acres)
  4. Accessible for long-term leases (20+ years)

What do you think? Does your land check off these boxes? You may want to spend some time looking into leasing your land for a solar farm. Solar developments can take a lot of time and money, but the good news for you is that the developers will take the lead.

Are you interested in earning money now and helping to generate clean and sustainable energy for your community? Do some research and find out what solar developers are interested in your area. If you want to look for other land investment opportunities, take a look at LandHub’s current land listings here.

Like this article? Please feel free to share or post a link on your site: https://www.landhub.com/blog/lease-your-land-for-a-solar-farm/

4 Takeaways from the 2019 Mid-South Land Values and Lease Trends Report



The American Society of Farm Managers & Rural Appraisers (ASFMRA) has released their 2019 Mid-South Land Values and Lease Trends Report, and with it, a wealth of information that can help guide agricultural land purchases in regions across Arkansas, Louisiana, Mississippi, and Tennessee.

So what is there to learn from the report? Here are four of the biggest takeaways.

#1: Quality Midsouth farmland continues to be limited

One of the biggest problems facing Midsouth agricultural land investors is that large-scale, quality plots — think 1,000 to 3,000 acres — have been hard to come by. Institutional investors have, for the most part, replaced individual investors and farmers in the purchase of investment-grade Midsouth farmland, notes W. Stacey Gillison, Current Midsouth Chapter President. This is due in part to the increased risk of land flipping driven by trade wars, rising interest rates, and stagnant land value levels. While it doesn’t mean that sales have come to a halt, it does mean that “the Delta flipping days are over,” Gillison says.

#2: The 2018 Farm Bill was good news for Midsouth farmland

The 2018 Farm Bill “could help insulate Midsouth farmland prices,” according to the report. This is thanks to a number of safety nets provided by the bill, including maintenance of the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs — both of which were holdovers from the 2014 Farm Bill. There are still some issues to contend with (most notably shifts in agricultural trade policy), but as the report states, “there are reasons to be optimistic that farmland valuations could hold firm in the year ahead.”

#3: In Arkansas? You may want to invest in grain land

Local and institutional investors in Arkansas — and in particular in Arkansas Region 2, which consist of the northeast counties in the state — are encouraged to invest in grain. That’s because, as the report notes, the poultry industry in the area is expanding, and with it, the need for grain feed. A “significant portion” of this grain is purchased locally,” the report says, which means big things ahead not just for the crop itself but the land that’s used to grow it.

#4: Timber is on the up and up, but not all Midsouth states are ready for it

In a piece included in the report titled “The Future of Forestry in the South,” Tedrick Ratcliff, executive vice president of the Mississippi Forestry Association, writes that there’s a growing need for mass timber production in the region due to increases in wood construction and advancements in wood-building technology. And while that’s good news for forest investors, some states have yet to rebound from the hit of the recession on their timber infrastructures — Mississippi in particular. That means issues meeting demand, but also opportunity for investors looking to get into the game.

Overall, the 2019 report had many messages of hope. Not much has changed in terms of land values and lease trends in the past year, and that’s actually a good thing — stagnancy is always preferable to declines, especially when it comes to agriculture. As the U.S. economy grows, so too should the agricultural sector, Gillison says. So what should investors do now? “Batten down the hatches,” he says, “and try to persevere through the trade negotiations.”

Like this article? Please feel free to share or post a link on your site:

Would Free Land Spur Your Interest in Homesteading?



by Pat Rogers
Founder and CEO of AgFuse LLC

It is hard to believe that there would be such a thing as free land. The first thought is there must be a catch to it. The good news is that there isn’t. But, you have to be prepared for a homesteading commitment.

What is Homesteading?

The basic definition of homesteading is adapting to a life style that is based on being self-sufficient. A better way of putting it is giving up on some of the common conveniences that many of us have become so accustomed to.  In exchange for something even better.

A Fair Trade Off

Owning any type of property means having something of great value. Most individuals have to make some type of concession in order to be able to afford this. To obtain free homestead property it just means giving up some things that may not have to do with traditional property ownership. Yet as a result of what you will be giving up you are also going to find it self rewarding.

You will probably be giving up the time that you spend doing things that don’t provide you with much enjoyment in life. Such as sitting on the couch flipping through channels. Or, trying to decide what to do next for entertainment that is affordable. Instead you will be replacing these with participation in growing your own veggies. Or maybe raising your own livestock. In other words you are returning to the necessities in life and giving up all that which is costing you the majority of your hard earned money anyway.

By entering into homesteading you are beginning a new way of life. By taking the opportunity of the offering of free land to start this journey you are off to a great start. What is even better is that there are several states that are providing this free land opportunity.

Location’s To Begin Your Homesteading Journey

Kansas is just one of several states that have some free land open for homesteading. It is Marquette Kansas. It is a small town with plenty of wonderful reasons for taking up residence here. One of these is their amazing school systems. Those that are interested in taking up homesteading on free land here need to fill out an application. If you have a yearning to move to Kansas but are not into homesteading there are some wonderful opportunities to buy land here at some very reasonable prices.

There are a few small towns in Nebraska where there is free homesteading property available. One of these is Curtis. Which is being touted as a great place for retirement. Other options are Elwood or Loup City. These are some good choices for those who would like to enjoy what Nebraska has to offer.  For those who are thinking of downsizing outside of the homestead adventure they may want to check out some of the homes for sale here.

Throughout several of the states there are many pieces of government owned property. Many are situated in or near towns that need a boost in their population. There is no better way to do this then by offering some incentives to encourage people to move to these regions. The government uses these small parcels of lands for that purpose. It is a triple win situation. The government gets rid of land they have no real purpose for. The town gets to enjoy growth. The new homesteader is getting a great start with free property.

How To Use Commercial Farm Land To Generate Side Income



Whether you own a small farm or vast commercial farm land, there are many ways to turn this land into a side income worth protecting.

What’s more is that you don’t have to dedicate this land strictly to farming, own farming equipment, or spend your days doing all of the heavy work.

With a different point of view of what the land can be used for and some unique approaches to generating income, you can optimize your land for what works best for you.

Traditional Farming Fallacy

Farm land doesn’t have to be ‘farm land’!

This fallacy often robs people of potential profits and even the lifestyle they wish they had. Start by reassessing what your acreage can be used for and you’ll successfully convert your land into a money making machine that works for you in more than one way.

If diving into a different industry is too risky or you, consider taking a different approach but focused still on farming.

Specialty Crops & Organic Only

Small quantity purveyors of unique and/or organic crops can do quite well under the right circumstances and with the right relationships.

Working directly with chefs & restaurateurs can help repurpose your farm acreage to suit the needs of these local or regional foodies. Small chain grocery stores, farmers markets, and co-ops are also great sales channels to consider.

The list of specialty crops that can be successfully grown is quite extensive. They give the opportunity to grow field crops that may produce popular produce but that which has not as yet flooded the market.

Solar Farm Leases

10 acres of solar panels could provide up to 330 homes with electricity. And of course give you a nice chunk of passive income.

There are plenty of hurdles to jump over before diving into your own solar farm, but the leg work ahead of time could be quite lucrative. In one of our previous posts on solar farm land we give some additional details surrounding potential profits and downsides, but this option could still remain viable.

‘Agrihoods’ Growing In Popularity

This option is dependent on multiple location factors, but leasing a portion of your commercial farm land for the purpose of residential growth could be another lucrative venture.

Suburban residential developments have been sprawling amongst farmland over the past decade, giving families access to healthy food options grown a stone’s throw away.

With over 200 existing agrihoods already started across the United States, perhaps it’s time to dig into this trend even further?

Bee A Good Neighbor

This option wouldn’t use very much space on your property but the environmental upside and potential profits are certainly worth the effort. Colony collapses are threatening bees around the world, which has major implications for our environment, food supply, and well being.

The cost of beekeeping is quite inexpensive and selling the honey won’t be difficult. We recommend Beepods as their beekeeping systems for farms and ranches are a great fit regardless of the size of your property.

Small Grain Growing

With the surge of new roasting grains and the supported health benefits, it won’t take much to turn your commercial farm land into a grain growing profit center.

Some uses of small batch grain growing are; salads, toppings for dishes including desert, nutrition bars, and even beverages.

For more on this alternative land use be sure to read our post on how small grain growers can cater to roasted grain enthusiasts.

Conservation Easement

Congress has given land owners a reward for their donation toward conservation easement.

Here are some details:

  • Donor can deduct 50% of their adjusted gross income up to the amount of the gift.
  • Allows qualifying farmers and ranchers to deduct up to 100% of their income.
  • Allows a donor to carry the deductions forward for up to 15 years.

These can be quite lucrative over time, so reach out to an attorney and your financial professional to assess whether this option will work for you.

With a little bit of research, some imagination, and of course some hustle, commercial farm land can be turned into multiple passive income profit centers, giving you peace of mind and perhaps the lifestyle you’re looking for.

Like this article? Please feel free to share or post a link on your site: https://www.landhub.com/blog/use-commercial-farm-land-generate-side-income/

 

Is Poultry Farming Still Viable?



by Bella Scotton

Once you’ve decided to enter the farm and industry, you’ll have many more decisions to make. In fact, it is just the beginning of many. Next you’ll have to determine what you want to invest in as you build your farm in business. Are you going to go just for crop growing? Or, are you interested in raising livestock? If the latter is your choice then the next step is what kind of livestock are you favoring?

Poultry Farming

While there are plenty of choices of livestock to choose from you can consider chicken farming to be one of the more lucrative ones. Some say there are less risks and hassles with this type of farming.

Don’t think that the decision making stops here. You still have to decide which type of poultry you are going to raise. Some of your choices are chickens, turkeys or maybe quail or Guinea fowl. They each come with their own financial benefits and their own distinct responsibilities.

Many farmers go with chicken raising because it is one of the more popular not only for farming but as a source of meat for the replacement of red meats. As more people are tending to stray away from the red meats this sets the chicken farmer up for greater success and profits.

It is true that the value of the production of poultry farming did drop in 2016 but it still came in at $38.7 billion dollars. Now with the US economy being more stable it paints an even prettier picture for the future for this type of business.

Exporting

While there are many success stories that come from the hard work and due diligence that goes into this kind of farming, export of produce is highly important to the growth of the industry. One piece of good news for poultry farmers that rely on export to grow their business was in 2016 when Saudi Arabia opened up the export market for 15 of the states.

Chickens for Eggs

Poultry farming doesn’t just focus on the raising of chickens for meat. There are many that like to venture into this type of farming for egg production. If one is considering just how viable this type of farming is then it just means looking at the stats which show that egg production during April of 2017 was in the amount of 7.55 billion.

Humane handling of the chickens is a big factor with many people, and can raise a concern. However, one success story that warms the hearts of many is the actions taken like those who started Vital Farms. Not only have their actions contributed to the success of this type of poultry farming, it has set new standards for pasteurized poultry raising. Plus, the increase in profits with a different approach to egg farming has been most impressive.

The Best Chicken Producing States

While almost every state has it fair share of poultry producers, some states are more known for this than others. On the list Alabama comes in as the second most popular state with chicken production of  1.08 billion ringing in a value of  $3.32 billion.

So for those who may be interested farming and particularly poultry farming, then it would be well worth your while to check out some properties in Alabama that are going to allow you to venture into this type of farming.

Like this article? Please feel free to share or post a link on your site: https://www.landhub.com/blog/poultry-farming-still-viable/

 

Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern