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Post by smsmith on Mar 30, 2017 6:34:26 GMT -6
I plowed a pasture up by onamia about ten years ago for a friend. He got a "smoking deal" on it. You wouldn't believe the ungodly amount of large rocks that came up outta that sod. I never followed up with him to see if he actually tried planting it. He would have had to haul rocks off that for 2 weeks with heavy equipment to even be able to pull machinery through it. My buddy is under some program where he cannot plant trees, just shrubs. I would go it alone and forget the government payments/intervention.I guess I am guilty of thinking I know more than the government experts. So be it. Look carefully before signing up for the programs. No habitat welfare programs allowed on anything I own
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Post by Bwoods11 on Mar 31, 2017 8:32:56 GMT -6
I think many buyers shy away from land with CREP/RIM,or US Fish and Wildlife easements. They will sell, but often less than $1000/acre. RIM at least allows you to plant trees.
Government programs (habitat welfare) I guess I would say I am guilty of taking advantage of the system. I am making up for the $1500 a month more that Dayton and Obama charged me in taxes and health insurance.
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Post by biglakebass on Mar 31, 2017 9:10:56 GMT -6
We have taken advantage of programs. Without them, there is things I couldnt have done otherwise. I dont like the idea that they are penciled in on the property, but it was the only way I could do certain things.
Guilty as charged.
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Post by jbird on Mar 31, 2017 14:41:12 GMT -6
To each their own. My tillable is a blessing and a curse. A blessing because it allows my place to pay for itself in my situation (half was left to my wife in a will other 1/2 was leveraged in the closing of the estate). It also gives us some leverage to potentially buy a small neighboring property if/when the time comes. I am also sitting on a nice asset when it comes time to talk to the bank if I need to. Now it's also a curse...because beyond my CRP programs, every acre I take out of production costs me money.....it costs me the rental loss, plus the install costs of the habitat. That may not sound that bad......but if I turned all my tillable into deer habitat - I pull about ~15K a year (pre-tax) from my household income. That's nothing to sneeze at with a single income and 4 rug-rats running around! My CRP programs actually helped me make money. CRP matched my current rental rate, but then my rental rate increased because the farmer was now farming only the better ground. The farmer was thrilled and so was I because I increased deer habitat and made a little more money in the process. This farm has been in my wife's family since the war and the only way she is leaving is in a coffin, or winning the powerball.....and as much as I bitch about the place I'm fine with that.....I would like to get my hands on the neighboring 40 when it comes up for sale.
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Post by Bwoods11 on Apr 3, 2017 8:06:29 GMT -6
Good tillable will give you many options when it comes to creating or making do with your hunting farm. Just leaving two acres of corn (corn that actually has good yield) will draw in deer big time in the late season. Trees, CRP-native grasses, just plain switchgrass, all can be implemented.
The income from the tillable can be used to purchase part or finance part of the neighbors farm.
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Post by Sandbur on Apr 3, 2017 10:57:13 GMT -6
Good tillable will give you many options when it comes to creating or making do with your hunting farm. Just leaving two acres of corn (corn that actually has good yield) will draw in deer big time in the late season. Trees, CRP-native grasses, just plain switchgrass, all can be implemented. The income from the tillable can be used to purchase part or finance part of the neighbors farm. Or that rental income can pay a small part of your health insurance!
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Post by Bwoods11 on Feb 21, 2023 7:21:36 GMT -6
Reading through this, 😳land prices have pretty much doubled since !
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Post by MN Slick on Feb 21, 2023 7:54:38 GMT -6
That was a good read. Crazy what prices have done since then.
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Post by MoBuckChaser on Mar 6, 2023 11:54:23 GMT -6
Many of us have land and/or are thinking about adding land or buying more land in our futures. I want to get your input on the positives and negatives of buying land that has rentable land compared to just hunting land. The rentable land has income but cost more to buy.
What do you see as the positives and negative. I posted an amortization comparison./
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Post by MoBuckChaser on Mar 6, 2023 11:59:40 GMT -6
I think many buyers shy away from land with CREP/RIM,or US Fish and Wildlife easements. They will sell, but often less than $1000/acre. RIM at least allows you to plant trees. Government programs (habitat welfare) I guess I would say I am guilty of taking advantage of the system. I am making up for the $1500 a month more that Dayton and Obama charged me in taxes and health insurance. So you pay back the homested property tax credit you get on your land and house?
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Post by MoBuckChaser on Mar 7, 2023 3:44:58 GMT -6
We have taken advantage of programs. Without them, there is things I couldnt have done otherwise. I dont like the idea that they are penciled in on the property, but it was the only way I could do certain things. Guilty as charged. Don't feel guilty. The law makers voted in by the very people that hate these programs are to blame. The money is there to help improve the environment. If you don't use the money to improve your property, someone else will until that chunk of money is used up. That money is not going away. I have done some large tiling and terracing projects to improve water quality, stop erosion, install stream buffers and plant a lot of HEL into trees and switch grass all with the help of soil and water office cost share programs. Improving your property should help raise the value, which means you will pay more capital gains taxes when you sell it. So the program haters will get their tax money back someday whether they realize it or not.
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