As investment, I bought this, instead of stocks. Any ideas on what to do with it?
Location:
- 75km (1hr) to a big international airport. Airport has direct flights to most EU capitals (2-4hr flights)
- 50km to city center
- 25km from nearest large residential area (500,000+ population)
- 5km from massive organized industrial area (government supports factories here)
- 35km from a rich residential area
- 1km away from the village (its old and mostly depopulated) and animal husbandry area
Access:
- There is public transportation, but one has to walk 1.5km after leaving the bus.
- There is no direct road access to the land. You have to walk like 200m after leaving your car.
- 1km road to here is non-asphalt and its a bit bumpy ride. When it rains, it gets bad here. It rains rarely
It is quite peaceful and quiet there. You can hear interesting bird sounds sometimes. You see no buildings, no cars and no humans anywhere near you when you're there, which feels great imo. You notice the air quality after you leave your car. I personally absolutely would want to live here for a while
Ideas
- Trying to clarify this rn, but I think I can make $120-160/yr/decare from leasing the land to a farmer. Land is 25 decares
- "Unique co-living opportunity with vegan food & yoga sessions" In other words, remote work / digital nomad village for people who want to work REALLY remotely :) I'd have to arrange electricity (solar panels and powerbanks), internet, toilet, shower, water, tents, mattresses/pillows/sheets, food, drinking water. (Though I don't know what people will do when they're bored here? Any ideas? Meditation would get boring after some point)
- Sadly location isn't touristic, but it is 1hr flight away from extremely touristic areas. One of those areas, a city, was the most visited city in the world a few years ago.
- I've met a few volunteers and they seemed quite willing to volunteer for whatever I decide to do here (if I do anything). For those unfamiliar: WWOOF and Workaway
Also- Any suggestions on where I should ask this question on the internet?
First of all, what the fuck, how are people paying 1.2k lease per nectar and are still able to make a profit of it (this is possible if you plant vegetables, but most farmers dont do vegetables).
Secondly, if you are willing to maybe invest a little bit more I would try to market this as a "DIY" garden. Basically what you do is, plant the field with vegetables, divide the field into smaller sections and then people pay you for having the opportunity to raise and and harvest their own vegetables. Harvest everything you can't sell by yourself and sell it to your local supermarket.
Pros:
Lots of cash. If you just charge people like 20$/month for e.g. 50m2 (which is quite a lot) that would come down to 1000$ per month assuming that you are able to rent all sections to other people (which will devinetively not happen). Even if you only rent out 50% its still 500$ per month.
Not very work intensive. You dont really have to do that much. Just regularly check on the field and care for all parts that are not rented out.
Cons:
Further investments are needed. You would have to supply the field with water. The best way would be to buy a cheap forklift and some containers, fill them up with water and drive it there. If you already have a car that can tow trailers you could also use that to supply the field.
High instability: You can't really calculate how this will work out, because you can realistically only calculate this for this and maybe the next year. This is also highly dependent on how gods you can reach the field.
The field may be a bit off for this concept, but if you manage to market this to the city population (not necessarily the city population, but more of the urban population that live in denser areas) you can make quite a lot of cash of it. I think with the uprise of uncertaintys about the availability of food and maybe declining supply chains this might get more relevant in the future. For this to work I would suggest to start small. Just seed clover on the rest of the field that you dont plan to use. This has the advantage, that you dont loose soil due to erosion, but you also allow the soil to regenerate and ultimatively clover is able to fixate nitrogen in the soil which is OBE of the most important nutrients for growing anything. If you let the clover grow for 2 years it can fixate iirc up to 200kg/N/acre which is quite a lot, bit this really depends on a lot of different factors.
I appreciate your advice
I am trying to clarify that atm. In my research, I saw wildly different numbers from $30 to $160 per 1000 m2
$20/mo per 50m2 is $5K.. which is nice like you said
There are actually a lot of projects like that. They unofficially partition the land into 500 m2 parts, arrange water and electricity (some don't arrange that either), and they sell. Thy call them hobby gardens. Do you happen to know about them?
It is absolutely possible, that people pay this much. I have seen this in other regions too. What I meant is, that I still don't get how people are making profits of this. Just assuming, that you get 200$/T of wheat and are able to harvest 10t/ha, which is a lot, you still only made 800$ of a nectar if land. This does not include the costs for all the machinery and fuel. Also at a price of 1.6k/ha it is dumb to not buy it instead. If you calculate this on a time scale of 20 years you would pay 32k in lease, so to make this profitable you could buy the land up to a price of 3.2$/m2 which is quite a lot.
The difference here is, that the people are forced to do everything by themselves. In my scenario people are paying you for the work of planting the crops and maybe additionally taking care of them. The thing you mentioned is also more like, that people can build shacks on it etc, since 500m2 is way to much to eat all of it that you can grow there. It also takes quite a lot of work to maintain all of this. These small sections have the advantage of the people being able to maintain it without much effort.