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About to close on 20 acres. Any tips?

Posted on 1/29/23 at 6:18 am
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42483 posts
Posted on 1/29/23 at 6:18 am
20 acres of fenced farmland. Back 4/5 acres is wooded with a 2400sqft mobile home. Rest of the property is cleared. It's flat and no water.

Right now we're thinking:

Bee hives (have someone who is going to rent space to put up their bee hives)
Cattle (enough to get the farm ag exemption)
Chicken coop for eggs
Shooting range
Large garage for trinkets/fixing up cars
Fruit trees and vegetables

Any other recommendations/tips/tricks? Will I still need to mow with ~5-10 cows on the property?
Posted by flvelo12
Palm Harbor, Florida
Member since Jan 2012
3319 posts
Posted on 1/29/23 at 6:28 am to
No advice, but congrats!!! You're living my dream.
Posted by LSUisBetterthanU
Baton Rouge
Member since May 2007
766 posts
Posted on 1/29/23 at 6:56 am to
Congrats. I’m about a month away from doing the same. I know I should be asking a cpa this question but what do you know about the farm ag exemption? I know you need 5 cows.

I’ve got an LLC setup that I plan to use.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42483 posts
Posted on 1/29/23 at 6:56 am to


I'm close to palm harbor if you ever want to come shoot
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42483 posts
Posted on 1/29/23 at 6:57 am to
It's about the same in FL. 5 cattle for the ag exemption. We'd also get an additional ag exemption for the bee hives I believe

Congrats to you too
This post was edited on 1/29/23 at 7:00 am
Posted by themicah85
DALLAS TX
Member since Jul 2015
3501 posts
Posted on 1/29/23 at 7:26 am to
Im thinking about doing the same in Texas. Only concern is if im going to have to finance some of it and what will my mortgage be with this inflated arse interest rate. If the land doesnt have a home currently and is undeveloped is there a different bracket we could borrow from that might not be under the same interest terms. I just need to do soke research before i pull the trigger.
Posted by Twenty 49
Shreveport
Member since Jun 2014
18769 posts
Posted on 1/29/23 at 7:33 am to
Get the owners title policy at the closing. Relatively inexpensive peace of mind against nuts who may pop up and claim that's granddaddy's land that he left to them. A lot of nutty claims have been made, especially in areas where minerals are producing. The title policy will fund any legal battles, as opposed to you having to come out of pocket for a $400 an hour lawyer.
Posted by Stitches
Member since Oct 2019
869 posts
Posted on 1/29/23 at 7:36 am to
If you're getting cattle, plan on storing hay somewhere to supplement feeding throughout fall and winter.
Posted by LSUfan20005
Member since Sep 2012
8817 posts
Posted on 1/29/23 at 7:39 am to
Get to know your neighbors - especially if it’s a genuinely rural area.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42483 posts
Posted on 1/29/23 at 7:44 am to
We went through one of the farm credit bureaus. 6.5% and can borrow up to 95% as long as there's mobile/modular home on there that was built after 1976. Pretty awesome
Posted by Screaming Viking
Member since Jul 2013
4460 posts
Posted on 1/29/23 at 7:45 am to
Congrats Ocean. Living the dream.

I have been eyeing a piece of property, and am in the process of gathering details before approaching the owner.

Does someone have more information as o the AG exemption? I am not sure what it takes in LA to qualify. Bees? Pigs? Cattle? And what do you get for qualifying as a “farm”?

The only other thing I have thought of that you do not have listed is sunflowers. Plant them to get at least a few weeks of dove hunting.
Posted by Red Stick Rambler
Member since Jun 2011
1168 posts
Posted on 1/29/23 at 7:59 am to
quote:

Get to know your neighbors - especially if it’s a genuinely rural area.


This!!!
Posted by lsufan112001
sportsmans paradise
Member since Oct 2006
10704 posts
Posted on 1/29/23 at 7:59 am to
You have any farm equipment ?
Posted by 257WBY
Member since Feb 2014
5598 posts
Posted on 1/29/23 at 8:08 am to
If your neighbors hunt, try not to go cranking off rounds right at prime time in the evening.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67488 posts
Posted on 1/29/23 at 8:29 am to
quote:

About to close on 20 acres

Jelly as hell
quote:

Large garage for trinkets/fixing up cars

Go at least 50% larger than what you KNOW you need; better to have more than less.
quote:

Chicken coop for eggs

This
Posted by BoogaBear
Member since Jul 2013
5567 posts
Posted on 1/29/23 at 8:52 am to
quote:

Cattle (enough to get the farm ag exemption)


Can someone explain this to me like I'm 5 ?

We have been on our 20 acres since last July. It has an existing mobile home, that was put onto a crawlspace and added on to. 2,000 sq ft.

So far we've managed to do a massive amount of cleanup, fix several electrical nightmares, replaced the well bladder and filter with stuff made this century, have 20 chickens and coop. I'm interested in bees, and thought of doing sheep instead of cows but that's about as far as I've gotten thinking about it.

Love it though, days go by where I don't see anyone but my dogs, wife, and kids. Not even another vehicle driving by.

ETA: we're in Alabama, not sure if they have the farm ag exemption.
This post was edited on 1/29/23 at 8:56 am
Posted by Tigris
Mexican Home
Member since Jul 2005
12358 posts
Posted on 1/29/23 at 8:53 am to
quote:

It's about the same in FL. 5 cattle for the ag exemption. We'd also get an additional ag exemption for the bee hives I believe


I got the ag exemption for planting 36 blueberry bushes, and about a dozen mixed citrus trees. And if you have pines on the land you can say that you are growing them to sell. Because of the ag. exemption I'm allowed to put a shed on my property, without the ag. classification no shed would have been allowed since my property is a VE flood zone.

I lived with crappy Centurylink internet for 6 years. Starlink has been a game changer.
Posted by NotYourDaddy
Member since Feb 2022
184 posts
Posted on 1/29/23 at 9:14 am to
Congrats! That's awesome.

Cows and chickens will need water. You mention that there's currently no water. That would be a top priority. Evaluate cost of getting a water line run to the property or having a well drilled. A 2400 sqft mobile home with water (and sewer hookup) will be much more useful than without it.

I would get your soil tested. Call your county agent and ask them about getting soil samples tested. Then you'll know the current state of the soil and whether it needs treatment (and the type) for what you want to grow.

Is the property perimeter fenced. If so, good enough to reliably keep cattle in? If not, that would be a top priority. Maybe also post no trespassing signs too.

Some basic farm equipment will be needed. A small tractor and a few implements to start with. FWIW, you can probably pick up a vintage Ford 8n for about $2000. However, a different tractor would be best if you need a front-end loader. I would go for an older tractor without electronics. A chipper that runs off PTO and attaches to 3-point hitch might come in very handy.

Might consider planting some pecan and/or walnut trees if they grow well in your area.

For any garden or crops you plant -- is there a large population of deer in the area? If so, you might need an 8 foot fence to keep them out.
Posted by greenbean
USAF Retired
Member since Feb 2019
4594 posts
Posted on 1/29/23 at 9:23 am to
What are your plans for the cows? Cows are a PITA and expensive on a small scale. If you just want beef, buy a weened cow/steer in the spring fatten up over the summer and slaughter in the fall. Buy from a farm, not a sale barn, make sure the cow(s) will follow a bucket and are not buck wild. Buy at least two.
Posted by Shut Up Mulllet
Member since Apr 2021
784 posts
Posted on 1/29/23 at 9:32 am to
Plant the trees and bushes you want now or asap. It takes at least five years for a lot of trees to produce. Get you water supply sorted. Don’t go cheap on the gate for your fence if it will be opened and closed a lot. Some of my lessons learned. Enjoy your place.
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