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Small Farm Exclusive to STR Many
years ago I rented a small farm at the edge of a rural community.
I did this so that my wife would have space for her horses, and
so that I had a quiet place to study and write on my four days off every
week. The farm had three
acres planted in mature walnuts, and two pastures of three acres each.
The place came with an old diesel tractor fitted with a disc
harrow, and part of the rental agreement included using the tractor to
maintain fire lanes and to generally control weeds. I
did not intend to earn money on the place, although I sold a ton of
walnuts every year, but I was interested in experimenting a bit.
One pasture had been overgrazed, and was consequently overgrown
with noxious star thistle. The
other pasture had been neglected and unused for years, and was overgrown
with a rich variety of weeds and grasses with very little star thistle.
I was reminded of Louis Bromfield’s method
of soil restoration, which is to use the weeds to restore fertility.
When I cut in the fire lanes, the difference in fertility was
immediately apparent. The
fallow pasture soil was rich with life and soft, while overgrazed soil
was dead and hard. So I
followed Bromfield’s instruction.
Every spring, just before the weeds set seeds, I used the disc
harrow to knock them down and grind them into the top few inches of soil
to decompose. Then I
broadcast rye, let that grow over the summer, ground it down in the
fall, and replanted. My
labor amounted to two or three days per year.
The dead pasture started coming back after three years. No,
I didn’t buy the place, it wasn’t for sale.
It only served to prove a point, namely that marginal farm land
can be restored easily and cheaply with the application of informed
stewardship. I would like to
pass on this information to younger people who are searching for a way
to hedge their bets on the future, people who are most likely urban-born
and educated in high-tech professions. I
cannot address the multitude of variables inherent in lifestyle
preferences, professions, or physical locations, but to anybody who is
interested, I can suggest specifics to be investigated.
What one is looking for is ten to 20 acres of “worn out”
flatland that is zoned farming and that is not deed restricted to
million dollar estates, preferably outside any city limits.
I would look for something that has been destroyed by a “horse
ranch” that also comes with a decayed mobile home, a well, and a
septic system. From such a
wreck a young, healthy person can build a paradise. Since
I became sensitive to the idea I have seen eligible properties in many
areas of the A
buyer will never get a commercial mortgage on such distressed property,
so the seller has to provide it, if they truly want to sell.
Demand a fixed-rate for a fixed time with the least down-payment
and an interest rate well below prevailing bank rates.
You’ll soon find out how badly the seller wants out.
Just be sure the water is running before you sign. I
earned my living in health care. Yes.
Here a person has to do their homework.
Search for high-priced crops, like items sold in heath-food
stores, holistic medicine, and gourmet foods.
Even ten acres in wine grapes will pay the mortgage.
Hedgerows densely planted in fast growing trees can provide
adequate firewood year after year with careful management. If
it’s such a hot idea, why didn’t I do it?
Fair question. I grew
up on a farm, and I acquired the notion that only large scale
single-crop farming would pay off. That
meant a huge investment in land, machinery, and chemicals.
As one uncle put it, “You go broke every year until the year
you finally beat the odds and get rich.”
That didn’t inspire me. By
the time I noticed that small vineyards were self-sustaining, I was too
old to do the work. The idea
of specialty crops was only recently introduced to me. Please
note that I’m not talking about a Victory
Garden here, or at least not yet.
I’m talking about a comfortable place to live in the country
and a quiet restoration project with a fall-back business plan in mind.
While I fully agree that gold is the best hedge against
inflation, I think that fertile land is the ultimate hedge against
social meltdown. Look around. Rent a place. Try it out. I hired a young man once who did just that. He worked for the phone company. He skipped a step and bought a tractor, trailer, and implements in a package deal for $16k, new, bank financed, and he was earning more money clearing lots after work than he earned at work. He was looking for worn out property to buy. Smart guy. discuss this column in the forum Robert Klassen retired from a career in respiratory therapy, and is the author five books, two of which describe a solution to political government. Please visit his website. |