Making Money Off Land to Pay For Land Payment

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We are wanting to purchase 20 acres of land. There is alot of trees on the property. Land is relatively flat. Some of it has a little slope. I need ideas to make money off of the property to pay the monthly land payment. I live in Eastern Oklahoma. If we can work the land or something on the land, I feel we can swing this and start our homestead. Any ideas will be helpful!!

-- Nadine Rogers (nrogers@lrionline.com), January 28, 2002

Answers

Read the threads under the Income (General) category. May be something there to help you.

-- Ken S. in WC TN (scharabo@aol.com), January 28, 2002.

Horse or pet boarding? Large free range chicken operation? Specallity or minature veggies? Nursery plants or cut flowers? It all depends on whats needed in your area; establish that there is a need before extending money.

-- mitch hearn (moopups@citlink.net), January 28, 2002.

Log some of your trees.

-- Stacey (stacey@lakesideinternet.com), January 28, 2002.

Why don't you go around to the neighboring businesses and ask if they would be interested in aquiring anything? If you have any 4 to 5 ft. evergreens, consider pruning them so when they are pretty enough they can be sold. Are any local greengrocers having trouble getting in any local, high quality produce? Out here, one gent has trouble getting in okra because people find it prickly to grow! So, I'll harvest with a glove! (There have been no promises made to buy, but if he has trouble finding it others probably do too! If he doesn't take it I'll offer it elsewhere!) Local cities with farmers markets can give you the phone number of the market master: some of them may want to get produce in. One drawback is, vegetables are seasonal, and don't necessarily give a good return for the hours spent. Still, if you can do it on your days off, why not?????

-- Terri (hooperterri@prodigy.net), January 28, 2002.

Are you in Southeast Oklahoma or Northeast Oklahoma? I would suggest you save some money. I lived in both areas so, I know a little bit about the different atmospheres. Also, as far as profit from the trees it would depend on what kind. Right now the value of timber is lower here. I work in a sawmill. In the last 8 months prices paid has gone down close to 25%.

-- Katie S (cashcrop90@yahoo.com), January 28, 2002.


Nadine:

I get the impression you would not be living on the land for a while. That would greatly complicate the situation, possibly to the point of everything being non-workable.

-- Ken S. in WC TN (scharabo@aol.com), January 30, 2002.


Ken, We live on 10 acres adjoined to the 20 acres we are wanting to purchase. We have considered clearing several of the trees for pasture land and raising Beefalo Cattle. Their are enough pine & oak trees to have a friend of ours (who has a sawmill) to process these trees for our cabin or small farmhouse. We are in the process of building a small greenhouse on our present property to start plants for our garden this year, as well as grow some flowering plants that we can sell in the area. We have a large garden 100 x 100 and plan to sell some veggies and eggs from our chickens. We know that neither of these are big money makers, but if we diversify with several sources of income, we can probably make it work. My husband and I are both in great health (thank the Lord!) and hard workers. I currently drive to work an hour commute each way, which means I am away from home 11 to 12 hours each day. With four children, large garden, home canning, house cleaning, laundry, public job and other duties, my time is stretched pretty thin. I would love to find a way to work from my home. I am insurance licensed, have a number of computer skills, tax preparation and love to do crafts, sewing, oil painting, woodworking, scrapbooking, baking and others. I feel if I can organize some of these income sources, surely I will find two or three that will make a fair income, so I can get out of the rat race and stay home with my family. My children are getting at the age, where they are helping some with the expenses, car insurance, etc., but my husband and I feel a pressing need to become more self reliant. Thanks for all the input, everyone has given. I have gleaned a few ideas. May God Bless You All!!

-- Nadine Rogers (nrogers@lrionline.com), January 30, 2002.

Nadine, Years ago when all my kids were small I needed to not be working so many hours, but still needed something coming in every month...I took a late evening janitorial job. There are always jobs for hard workers. The trick is not to be sucked in to cleaning more places, or bigger buildings, just sticking to what you need to tide you over. The hours were flexible enough that I could arrange the babysitting around my husbands schedule, yet be home during the day doing what needed doing with the kids and the farm. I did this for a couple years while we got our land paid for. Good Luck!

-- Lynn in Wash (crabbyfiddler@earthlink.net), January 30, 2002.

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