OP
TigerFanatic1
Bronze Member
I need to look into how to become ag property and the steps to become a farm. My first thought was hay for pasture, but after looking into equipment prices, I just don't see how I could pay it back with just 25 acres. I could possibly buy some older equipment, but I don't have the slightest idea on working on hay equipment.One consideration is the taxable value. As a working farm, here, the taxes are ~2/3 less for ag use. Hay is also a commodity that is becoming rare in my area. As the older guys retire, the land is being converted to houses, not kept as a farm. Of course, cattle and hay can make a decent combination. Direct to consumer beef sales (interwebz, roadside) is fairly profitable. However, shipping costs for processing at a USDA licensed facility can become problematic.
Cotton is making a comeback to the east and south of me, don’t know the economics of it though.
Second thought was cattle, but I work in the oilfield 14/14 rotation and wouldn't have anyone to help on the time away.