2006-06-27 13:34:00 · 13 answers · asked by randal 1 in Business & Finance ➔ Investing
there are several exotic vegetable that work on small acreage. contact your local farm bureau for suggestion. also have you ever had vine ripe tomatoes? they sell for a premium in most areas, also truck farm make good money on small acreage, but it does involve work, you might look into organic gardening magazine, also locally grown herbs sell good in the larger metropolitan areas.
2006-07-04 11:40:42 · answer #1 · answered by Hannah's Grandpa 7 · 5⤊ 0⤋
Either put it to use or sell it. you have to pay taxes on it anyway. May as well do something with it. To rent it you wouldnt get much but at least it wont be idle. If nothing else start a big garden and sell the products.
2006-06-27 20:45:28 · answer #2 · answered by sportie_kindofguy 2 · 0⤊ 0⤋
Plant pine trees (take a farm tax credit for having a tree farm) then sell the trees for $50.00 a peice 5 years later you could probably get 10,000 trees on 5 acres.
2006-06-27 20:48:31 · answer #3 · answered by anonymous 2 · 0⤊ 0⤋
If it is out in the country and has good trees and is well covered, you could sell the timber and keep the land. The lumber company would come in and cut it down. It would produce cash now, but reduce the value of the property.
2006-06-27 22:04:52 · answer #4 · answered by exirsman 5 · 0⤊ 0⤋
5 acres isn't really that much land... you could plant a few gardens I guess and save the money of buying produce
2006-06-27 20:37:39 · answer #5 · answered by mojopez 4 · 0⤊ 0⤋
Depends on the zoning. If it's agricultural, you can put some livestock on it. Goats maybe?
If it's commercially zoned, maybe you can rent it to someone who wants to put up a warehouse or a yard to store gear.
If it's residential or commercially zoned (depends on your local) maybe you can rent it out in small parcels for mobile homes. You might be able to put quite a few on the property.
2006-06-27 20:59:01 · answer #6 · answered by Lori A 6 · 0⤊ 0⤋
Sell it while you can and buy as much gold bullion as you get for the property.....You can buy it back in a couple of years for half of the gold you have purchased...one must be ahead of the investment 'curve'
2006-06-27 22:17:52 · answer #7 · answered by -* 4 · 0⤊ 0⤋
Drill for oil? Put up a Billboard or a cell tower?
2006-06-27 20:38:27 · answer #8 · answered by insuranceguytx 5 · 0⤊ 0⤋
rent it out
long term: build a house, then rent it out]
is it farm land, or in the city, what?
2006-06-27 20:37:34 · answer #9 · answered by DEvLZ_advoc8 2 · 0⤊ 0⤋
Where is it? (County, State)
I could lease it to grow corn.
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2006-06-27 20:44:38 · answer #10 · answered by Anonymous · 0⤊ 0⤋