Monday, January 24, 2011

5 Ways to create income from your Property



It's a common situation: owners of acre properties feel they are not capitalizing on their land the way they could be. Whether your property was inherited, bought as a residence or added to your real estate as a second investment property, you can take steps to create earnings from your prperty facilities and any animals you may have around the property.

1.
Sell agricultural products.
This is one of the most versatile and important projects you can do to make any kind of farm pay off. Sure, it may be a hobby farm. but you may have a small product output. Any ag product sales are a help and an achievement. From eggs to produce to the occasional butchering project, you can make your farm a producer and feed locals with your output.

2.
Raise and breed animals
. If you have the facilities to keep animals, even if they are just for show, you have the potential to make money by breeding, where you can charge breeding fees even if other farmers do the legwork, bringing their animals into your farm to be bred. You can also make money by buying animals young and raising them to adulthood.

3.
Open up the farm for tours.
If your hobby farm is decorative and in a nice quiet location with interesting livestock, gardens or outbuildings, you can easily attract tourists and families alike. Use all of your assets to advantage with the tour option. You don't have to go overboard at the beginning: rather than open up to the public directly, you can try tours by appointment for a while. You may be surprised at how fun and profitable this business can be.

4.
Write for ag periodicals.
If you are operating a farm with any kind of animals, domestic or exotic, for work or show, you have valuable knowledge magazines and periodicals want for their articles. Link up with editors to see how you can contribute.

5.
Invest in the property.
Another way you can make a career out of your farm is to continually invest in improvements that will bump up the resale value. Then, when you sell the property and pocket the earnings, you can evaluate how your hard work paid off.

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