Buying land with CRP income

CRP is a good program and there is a chance it will renew in 2019, but no guarantee. Depending on what area you are in CRP can be the best habitat to hunt deer in. Where I hunt, there are way more deer per acre on 400 acres of CRP than the timbered area. That area renewed last year at twice the rate, from $26K to over $50K.

Yes it is with agent. I just saw it online. If we get tithe point where we go see it I'm sure I'll get more info on all that. I just know the first contract ends in three years. He did tell me that the contract was at $60 an acre, and now it's at $140 an acre. This is in Tensas Parish btw.

Holler at me if you buy it, we'll be neighbors. I think I know what you're looking at. we own some crp and yes it renewed for much more than when we put it in in 99 or so. But, those renewal prices are based on average parish cash rent rates which are facing a down turn IMO. That's how I understand it anyways.

I have been looking to buy land also with intent of crp income.

If you found a place to big and are interested in buying a bigger plot then splitting after purchase, I would be interested in going in halfs.

I've found a few pieces but not ready to pull trigger

Ditto La Land bank. Also First South a Farm Credit, Progressive Bank and several of the Winnsboro a Banks are competing aggressively for loans. CRP with good income AND hunting are attractive to those area banks

Would the CRP contract not be priced in to the sales price? Seems like it would be. If you are looking for any sort of investment from CRP seems like the best thing would be to find land without a current contract, buy it, and get a contract? I know that's probably easier said than done but still.

What kind of price per acre are you guys looking at? CRP is just paid by the acres in actual CRP right? So say you buy 100 acres, but only 20 may be in CRP and that's all you are paid for?

If you are looking for some income off of land, it just seems like you could find a better investment than CRP: lease for cattle, agriculture, a house on the front acre to rent, etc. But I'd like to certainly find out myself what kind of return the CRP gives you? I guess if you get $60/ acre and you buy it for $1200/ acre that's 5% and not bad if you can hunt it and enjoy it.

I second LLB in Tallulah. They are the land experts in the area IMO. They pay out a rebate yearly so makes them more competitive than a commercial bank.

I've been looking for between 100-200 acres if anyone has a lead on any

Sorry I've been MIA, and thank everyone for all the good info. Sounds like I'll be calling Louisisna Land Bank soon. I'm looking at a tract of 77 acres. There's also a 25 acre tract that has 25 acres next to it available for lease. I know these are smaller than most people would look at to hunt.

Basically I'm looking at a very small tract to hunt between my dad and I. I'm sure my son would join us when he gets older. I'm hoping we would use it to get away from the city and camp out or ride atvs, shoot skeet, etc. It's not as much land as I'd like but my wife won't sign off on a whole lot more. I'm told the neighbors on two sides manage for trophy deer. This is by a real estate agent with skin in the game though, so I am apprehensive to believe everything I read there.

I'm not dead set on it by any means but I just thought it was interesting that I could buy recreational land to hunt and actually get money back. Seems like a win-win. Also from everything I've read the CRP will actually improve the hunting.

also ditto on land bank. I don't have but 17 acres of trees I planted on open land, 12 acres in the WHIP program and 5 in CRP. Went with WHIP on the first 12 because there was no restriction on how long you owned the land. But on 17 acres total my annual payment is under $300, for the total acreage. So not necessarily a get rich quick scheme