Home › Forums › Financial Markets/Economics › Investing In Aggricultural Land in Temecula – Ramona …
- This topic has 20 replies, 5 voices, and was last updated 14 years, 2 months ago by Aecetia.
-
AuthorPosts
-
September 14, 2010 at 10:45 AM #17943September 14, 2010 at 12:04 PM #604574SD TransplantParticipant
I can’t answer your main questions, but I truly wonder what the H2O costs will do to such businesses here in SoCal…….I don’t see long term sustainability.
September 14, 2010 at 12:04 PM #604662SD TransplantParticipantI can’t answer your main questions, but I truly wonder what the H2O costs will do to such businesses here in SoCal…….I don’t see long term sustainability.
September 14, 2010 at 12:04 PM #605636SD TransplantParticipantI can’t answer your main questions, but I truly wonder what the H2O costs will do to such businesses here in SoCal…….I don’t see long term sustainability.
September 14, 2010 at 12:04 PM #605319SD TransplantParticipantI can’t answer your main questions, but I truly wonder what the H2O costs will do to such businesses here in SoCal…….I don’t see long term sustainability.
September 14, 2010 at 12:04 PM #605212SD TransplantParticipantI can’t answer your main questions, but I truly wonder what the H2O costs will do to such businesses here in SoCal…….I don’t see long term sustainability.
September 14, 2010 at 12:07 PM #605217EugeneParticipantAs far as I know, proximity to San Diego makes agricultural land too expensive to make sense as a source of income. And, unless the property is on a well, the water bill can be 50% or more of your gross income.
If you want agricultural land, look north of Bakersfield: yields are comparable, cost per acre is considerably lower, water is 3-5 times cheaper. Or check out Coachella Valley.
September 14, 2010 at 12:07 PM #605641EugeneParticipantAs far as I know, proximity to San Diego makes agricultural land too expensive to make sense as a source of income. And, unless the property is on a well, the water bill can be 50% or more of your gross income.
If you want agricultural land, look north of Bakersfield: yields are comparable, cost per acre is considerably lower, water is 3-5 times cheaper. Or check out Coachella Valley.
September 14, 2010 at 12:07 PM #605324EugeneParticipantAs far as I know, proximity to San Diego makes agricultural land too expensive to make sense as a source of income. And, unless the property is on a well, the water bill can be 50% or more of your gross income.
If you want agricultural land, look north of Bakersfield: yields are comparable, cost per acre is considerably lower, water is 3-5 times cheaper. Or check out Coachella Valley.
September 14, 2010 at 12:07 PM #604667EugeneParticipantAs far as I know, proximity to San Diego makes agricultural land too expensive to make sense as a source of income. And, unless the property is on a well, the water bill can be 50% or more of your gross income.
If you want agricultural land, look north of Bakersfield: yields are comparable, cost per acre is considerably lower, water is 3-5 times cheaper. Or check out Coachella Valley.
September 14, 2010 at 12:07 PM #604579EugeneParticipantAs far as I know, proximity to San Diego makes agricultural land too expensive to make sense as a source of income. And, unless the property is on a well, the water bill can be 50% or more of your gross income.
If you want agricultural land, look north of Bakersfield: yields are comparable, cost per acre is considerably lower, water is 3-5 times cheaper. Or check out Coachella Valley.
September 14, 2010 at 8:09 PM #604862AnonymousGuestI know someone that owns their avocado farm outright near Temecula and they do approx $100 per acre per year renting it out about 7 years ago for approx 200 acres. I own 1200 acres (900 tillable) in ND and rent it out for 35K per year. If you own it outright and you don;t need the money to live, then you should be OK, if you owe $ and something goes south: water, fertilizer, gas, weather, commodity prices, etc. it would not be worth it and you might lose it. If you are leveraged to the hilt you will surely fail as something always happens 15-20% of the time.
My family has owned that farm since Teddy Roosevelt signed off on the deed, my ancestors nearly lost it several times and my parents were able to ride out bad times once about every decade because it was extra income and was not needed. we learned from them and have not taken any chances, but we have been stiffed for half the rent one year out of the last 11, even while being extra conservative and charging below average rental rates. Lucky we don’t NEED it as well.
hope this helps.
September 14, 2010 at 8:09 PM #604773AnonymousGuestI know someone that owns their avocado farm outright near Temecula and they do approx $100 per acre per year renting it out about 7 years ago for approx 200 acres. I own 1200 acres (900 tillable) in ND and rent it out for 35K per year. If you own it outright and you don;t need the money to live, then you should be OK, if you owe $ and something goes south: water, fertilizer, gas, weather, commodity prices, etc. it would not be worth it and you might lose it. If you are leveraged to the hilt you will surely fail as something always happens 15-20% of the time.
My family has owned that farm since Teddy Roosevelt signed off on the deed, my ancestors nearly lost it several times and my parents were able to ride out bad times once about every decade because it was extra income and was not needed. we learned from them and have not taken any chances, but we have been stiffed for half the rent one year out of the last 11, even while being extra conservative and charging below average rental rates. Lucky we don’t NEED it as well.
hope this helps.
September 14, 2010 at 8:09 PM #605412AnonymousGuestI know someone that owns their avocado farm outright near Temecula and they do approx $100 per acre per year renting it out about 7 years ago for approx 200 acres. I own 1200 acres (900 tillable) in ND and rent it out for 35K per year. If you own it outright and you don;t need the money to live, then you should be OK, if you owe $ and something goes south: water, fertilizer, gas, weather, commodity prices, etc. it would not be worth it and you might lose it. If you are leveraged to the hilt you will surely fail as something always happens 15-20% of the time.
My family has owned that farm since Teddy Roosevelt signed off on the deed, my ancestors nearly lost it several times and my parents were able to ride out bad times once about every decade because it was extra income and was not needed. we learned from them and have not taken any chances, but we have been stiffed for half the rent one year out of the last 11, even while being extra conservative and charging below average rental rates. Lucky we don’t NEED it as well.
hope this helps.
September 14, 2010 at 8:09 PM #605519AnonymousGuestI know someone that owns their avocado farm outright near Temecula and they do approx $100 per acre per year renting it out about 7 years ago for approx 200 acres. I own 1200 acres (900 tillable) in ND and rent it out for 35K per year. If you own it outright and you don;t need the money to live, then you should be OK, if you owe $ and something goes south: water, fertilizer, gas, weather, commodity prices, etc. it would not be worth it and you might lose it. If you are leveraged to the hilt you will surely fail as something always happens 15-20% of the time.
My family has owned that farm since Teddy Roosevelt signed off on the deed, my ancestors nearly lost it several times and my parents were able to ride out bad times once about every decade because it was extra income and was not needed. we learned from them and have not taken any chances, but we have been stiffed for half the rent one year out of the last 11, even while being extra conservative and charging below average rental rates. Lucky we don’t NEED it as well.
hope this helps.
-
AuthorPosts
- You must be logged in to reply to this topic.