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Started By
Message
About to close on 20 acres. Any tips?
Posted on 1/29/23 at 6:18 am
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?
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 on 1/29/23 at 6:28 am to TheOcean
No advice, but congrats!!! You're living my dream.
Posted on 1/29/23 at 6:56 am to flvelo12
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.
I’ve got an LLC setup that I plan to use.
Posted on 1/29/23 at 6:56 am to flvelo12
I'm close to palm harbor if you ever want to come shoot
Posted on 1/29/23 at 6:57 am to LSUisBetterthanU
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
Congrats to you too
This post was edited on 1/29/23 at 7:00 am
Posted on 1/29/23 at 7:26 am to TheOcean
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 on 1/29/23 at 7:33 am to TheOcean
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 on 1/29/23 at 7:36 am to TheOcean
If you're getting cattle, plan on storing hay somewhere to supplement feeding throughout fall and winter.
Posted on 1/29/23 at 7:39 am to TheOcean
Get to know your neighbors - especially if it’s a genuinely rural area.
Posted on 1/29/23 at 7:44 am to themicah85
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 on 1/29/23 at 7:45 am to TheOcean
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.
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 on 1/29/23 at 7:59 am to LSUfan20005
quote:
Get to know your neighbors - especially if it’s a genuinely rural area.
This!!!
Posted on 1/29/23 at 7:59 am to TheOcean
You have any farm equipment ?
Posted on 1/29/23 at 8:08 am to TheOcean
If your neighbors hunt, try not to go cranking off rounds right at prime time in the evening.
Posted on 1/29/23 at 8:29 am to TheOcean
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 on 1/29/23 at 8:52 am to TheOcean
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 on 1/29/23 at 8:53 am to TheOcean
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 on 1/29/23 at 9:14 am to TheOcean
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.
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 on 1/29/23 at 9:23 am to TheOcean
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 on 1/29/23 at 9:32 am to TheOcean
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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