How to get started with agtech and farming investments?
in Business, Accounting & Taxes ·
Hi everyone,
I've gone through all ten pages. Very useful stuff, and I've grabbed all the links. Thanks to everyone. Now, I'm hoping to lay out my situation in the hope of getting some solid advice...
Basically, I just finished sorting out the paperwork for some inherited farmland out in the rural Midwest—specifically the plains near Pittsburgh. According to the locals, the soil is incredibly fertile, gets plenty of sun, enough rain, dry summers, and fairly balanced winters, alternating between mild and freezing. It hasn't been worked since the start of the war. My plan is to start with a walnut orchard on one large plot (about 12 acres), because walnuts grow like crazy in this region. I have at least 15 large trees around my house that yield at least ten bags of nuts a year, roughly speaking...
So, I've gathered the documentation, cleared up the land ownership, and already spent some money on it. The perimeter is fenced, and I intend to set up irrigation using a nearby well. What really motivates me is that this area is designated as a zone of special national interest, which means there's a per-acre subsidy $7567 and the local county subsidizes the purchase of saplings (and maybe even planting materials, if I understood correctly) by about 50%. Add to that the fact that a close relative of mine works in the shipbuilding industry in Italy, which could make him a great liaison for selling the timber... I can't shake the feeling that I'd be making a mistake if I didn't give this a shot.
And look, I'm not expecting to get rich overnight. 😁 I'm only in my early 20s, and my long-term goal is to go much more serious with farming on this neglected land. I want to reclaim it bit by bit since there's quite a lot of it, so this would just be the starting point. I have some savings, a bit of grit, and I'm not afraid of hard work. I'm not planning to sit around waiting for a miracle. Walnuts this fall, then maybe cherries next year (which also grow like weeds there) or something similar?
Thanks for any advice. 😉
I've gone through all ten pages. Very useful stuff, and I've grabbed all the links. Thanks to everyone. Now, I'm hoping to lay out my situation in the hope of getting some solid advice...
Basically, I just finished sorting out the paperwork for some inherited farmland out in the rural Midwest—specifically the plains near Pittsburgh. According to the locals, the soil is incredibly fertile, gets plenty of sun, enough rain, dry summers, and fairly balanced winters, alternating between mild and freezing. It hasn't been worked since the start of the war. My plan is to start with a walnut orchard on one large plot (about 12 acres), because walnuts grow like crazy in this region. I have at least 15 large trees around my house that yield at least ten bags of nuts a year, roughly speaking...
So, I've gathered the documentation, cleared up the land ownership, and already spent some money on it. The perimeter is fenced, and I intend to set up irrigation using a nearby well. What really motivates me is that this area is designated as a zone of special national interest, which means there's a per-acre subsidy $7567 and the local county subsidizes the purchase of saplings (and maybe even planting materials, if I understood correctly) by about 50%. Add to that the fact that a close relative of mine works in the shipbuilding industry in Italy, which could make him a great liaison for selling the timber... I can't shake the feeling that I'd be making a mistake if I didn't give this a shot.
And look, I'm not expecting to get rich overnight. 😁 I'm only in my early 20s, and my long-term goal is to go much more serious with farming on this neglected land. I want to reclaim it bit by bit since there's quite a lot of it, so this would just be the starting point. I have some savings, a bit of grit, and I'm not afraid of hard work. I'm not planning to sit around waiting for a miracle. Walnuts this fall, then maybe cherries next year (which also grow like weeds there) or something similar?
Thanks for any advice. 😉