LAND BUYS with an eye to the future has been on the mind of our clients... especially the 1031 Like-Kind Exchange folks. Even though the hunt for “the perfect acreage” moves forward in almost any season, folks from down south, and north, and west, and yes, even from Eastern North Carolina's magnificent ocean shores head for the mountains and beautiful rural farmlands of Western North Carolina seems to be a little more intense in the summer. Possibly, that’s because the fresh cool air is particularly welcoming. For those who have discovered the lands I love, there's no doubt that investing in Land right now is a smart move for the future. But WHERE? One of the most promising places for investing in Land is Madison County, North Carolina.
Located in the Blue Ridge Mountains of Western North Carolina. Madison County embodies that very attractive "rural" feeling, even though it is only about half an hour's easy drive from Asheville. As you enter the southern part of the County, heading north from Asheville, the terrain is rolling and perfect as equestrian land. It it rises then as you go farther North to higher elevations snow bunnies love. With approximately 3,500 small family farms, agriculture is the largest industry in the County.
Here, where streams and pastures and coves abound, as you make that scenic drive on your way to investigate some Land you may soon buy, look for tobacco crops. Madison County is the largest burley tobacco producing county in North Carolina. While, a decade ago, burley tobacco accounted for $10 to $12 million for agriculture income annually, as you may suspect, the demand for tobacco has been on the decline.
That's why at The 4Terra Land Brokerage when we look to the future, we expect farmers to diversify, cultivating eco-friendly organic crops. I can say for sure that vegetable, organic and nursery crops have increased dramatically since 1998. Of course this is a factor investors will want to consider when investing in Land. And if you should find "the perfect acreage" to steward over the years and keep as beautiful as it is now for your grandchildren and great-grandchildren, and if you decide to spend the winter (it is mild) here., Christmas trees are easy to find.. A tradition here is to purchase a tree and later plant it on your Land! That’s a Land Buy That Looks to the Future, for sure.
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