Why should I invest my savings in farmland?

Banks are going down the proverbial toilet, Stocks can't be counted on anymore...who knows what the government is going to do next?  What should you do with your savings before its lost even more value?  

angus farmland central KYInvest in farmland.  It's safe, it's secure, and farmland is getting more scarce by the day.  If you have a good piece of farmland, it's going to be producing an income with the crops it provides, whether you farm it or someone rents it from you.  Managed well, it's going to produce income enough to pay its taxes, as well as give you a hefty tax deducton on anything you spend on it...including your trips out there to check fences and livestock.  And in a few years if you decide to sell it, there will always be a market.

If you buy a piece of land with water, either a creek or a large pond, and with a good fence, you'll aways be able to rent it out to someone for their horses or cattle.  Put a good barn on it and your land value goes way up.  Now you have a place for the tractor and any animals needing shelter.  And, you can depreciate the barn. 

You'll also have a place to go when city life makes you nuts.  Go to your own farmland, where the smell of good cow manure can bring you back to your senses.

Or you could lease your farmland to someone who loves...

BUFFALO

Buffalo in Kentucky

Why should I invest my savings in farmland?  Ask your accountant.  She'll tell you.

   

 

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7 Comments on Why Should I Invest My Savings in Farmland?

SEP
15
219,176 Points 2 Featured Posts Outside Blog

Hi Monica~ You are so lucky to be working with Lizette! We bought a farm last year about 20 minutes from my home in Owensboro,Ky and my husband LOVES it for all the reasons you wrote!

8:51pm • #1

Smart guy!  Years ago my aunt wanted a little country, so she went out and bought a farm.  My uncle was not happy about this purchase.  She failed to tell him until after the deed was done.  ;-)  But, he grew to love it.  Wise woman.  His dental practice kept him a bit stressed and he needed those weekends on the farm.  There's nothing like it!

9:06pm • #2
SEP
16
344,262 Points Outside Blog

Sounds like an excellent idea -- thanks for the neat photos too.

2:13am • #3
186,027 Points 1 Featured Post Outside Blog

Hey Monica, this sounds like 'sound' advice. Like the depreciating barn idea!  Glad to hear your Uncle got used to the farm!

7:21pm • #4
SEP
24
257,850 Points 24 Featured Posts Localism Sponsor Outside Blog Hit Router

I love being on a farm too. The last time I showed a horse farm I was in the middle of a pristine barn deeply inhaling the intoxicating smells of sweet hay and oiled leather! Yummy!

11:38am • #5
OCT
12
170,052 Points 2 Featured Posts Outside Blog

Monica:  My brother has a farm and I think he made the smartest move anyone could make by buying one years ago.  He has always had cattle and has done well.  I am kickng myself for not following his lead.  I love the pictures you have on your blogs of the horses.  So nice.

1:23pm • #6

Thanks, I live in the perfect place for pictures of beautiful horses and cattle.  Just last week I even came across some buffalo and a couple of llamas.  I guess those pics will show up one day soon.  Now's a good time to buy a farm.  Prices are low...and people still eat.  So, I'm hoping I'll be able to sell enough to buy one within a few years.

8:53pm • #7

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Monica Hess

Lexington, KY

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Lizette Realty

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Combining a love of feng shui with a love of real estate...bringing out the best of both worlds. See My Ratings
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