[ #Investing In The #Unusual — Farmlands ]

This week, we’re talking passive streams of income

that will net you some extra cash come pay-time.

Today, we’ll think about a slightly unusual investment: farmland.

According to the US Department of Agriculture (USDA), there are over 900 million acres of farmland in America.

Farm Land Leasing

Farmers and ranchers own only about 61% of the land they’re using, thus translating to the fact that the rest of the land is being rented from someone else.

Investing groups hold about 31% of this rented property, which gives you a pretty big playground to roam around in.

Farmland has a long history of making solid returns, like increasing land value and cash rental payments or crop yields.

Renewable Energy Leasing

You can also think outside of the box and make some money from recreational use: hunting, fishing, boating or camping. If there are waterways, lakes or woods on the property, this can be fairly lucrative.

You can even collect rent several times for hunting permits, as different animals are “in season” at different times of the year.

You might even invest in some upgrades to your property, like a boat ramp, pavilions, trails, or even a campground.

If and when you’re setting up these additional leases, you’ll want to protect yourself though/by — buy adequate liability insurance, posting the proper warnings and legible boundary notices around the property, get rid of any known hazardous conditions, and ensure everything is in writing when you sell those leases.

Also remember that if you’re leasing the property, you don’t automatically have the right to hunt or fish it — you need the lessee’s permission.

Passive Income

Depending on your climate and topography, you might lease some of the land to energy companies for wind turbines or solar panels.

These renewable energy installations can net you $800 to $1,000 per acre for solar panels annually.

A single wind turbine can pay out up to $8,000 per year. And once you get that lease in place, you’ve got an almost guaranteed source of income for the next ten to fifty years.

Renewable energy can be a lucrative source of passive income.

Another fairly lucrative type of lease is an information tower. You may be able to lease some of your acreage to one of those towers that carry cell phone or radio

signals, or even microwaves. As of 2018, there were over 300,000 towers of various types in the US, and around 10,000 are being added each year.

You may be approached by one of these companies and offered a lease. Depending on your location, you may earn anywhere from $1,000 to $15,000 a year.

So farmland isn’t just for the family to raise crops or animals. If you’re looking for a solid investment, think of buying into that market.

In our next topic, we’ll talk about annuities as a source of passive income.

[Edυcαтe yoυrѕelғ вeғore тαĸιɴɢ rιѕĸѕ. ѕтαy cαreғυl! тrαdιɴɢ ѕтocĸѕ cαɴ нαve α loт oғ rιѕĸ, ιғ yoυ doɴ’т cαre ғor yoυr мoɴey ɴoвody wιll]

<<NOT A RECOMMENDATION>>

Consult your Stock Broker or Lawyer or Professional Consultant for advice.