How to get started with agtech and farming investments?
in Business, Accounting & Taxes ·
gentlecanyon65 said:..... so I've been doing some deep thinking and scrolling through a ton of stuff lately ....
The price for farmland out here is actually pretty reasonable, so since I’ve got some decent cash sitting around and I’m definitely not the type to just sit on my ass all day, I started wondering why the hell I wouldn't just dive into agriculture
..... My big idea is to set up some permanent walnut orchards.... once they're established, they don't require an insane amount of daily grind, which means this doesn't even have to be my main hustle, yet it could still pull in some serious profit after a few years.... so my plan is to snag maybe 12 to 25 acres of land and plant a massive WALNUT grove ....
Now look .... I'm no professional farmer, but I know how to handle a shovel, and with a bit of reading and some solid advice, I think I could make it work .... but honestly, I just can't get the math to make sense in my head ....
I heard that USDA subsidies for walnut orchards can go up to about $13333 per acre ....
Come on, let me hear what you guys think about this!!! ☕ 🙄
Walnut prices aren't actually that high right now. Most people plant them more for the long-term value of the trees themselves.
I remember hearing about some legend who planted half of a huge stretch in the Midwest and expects to be sitting on millions in about ten years.
To me, agriculture is a great move, you just really need to get trained and specialize. 👍