Land is undeveloped, approx 12 miles from town, I've thought about a motorcycle resort, but looking for a more year rounded venture. Money is a factor. We have access to most toys (heavy equipment) and willing to put our labor in. Remember, there are four seasons there. Whatcha think?
2006-12-25 08:34:55 · 2 answers · asked by Capt C 4 in Business & Finance ➔ Renting & Real Estate
If the property has potential as a hunting property I would contact a group like hooks and triggers and see if you can lease it to them for hunting. Most of these clubs have insurance that helps cover the potential liability.
You can also just offer it for lease to hunters. The liability factor must be considered though. So talk to your insurance guy.
Secondly you could lease the main portion of the land to a crop farmer. Provided the crops and the hunting don't conflict.
Third and not least a little thing called CRP where the government actually pays you not to farm the land. In the mean time you can lease it out to hunters.
Motorcycle sports also offer a great deal of risk. Insurance would be expensive. If you have access from the property to any areas that may be good for riding horses, like a state park a horse related business could be great. With Missouri's equine law you have very little liability.
Development is great but the fact that residential sales numbers are woefully poor right now negates the notion that building houses would be profitable. Wait for the market to come back and build then.
2006-12-25 09:21:01 · answer #1 · answered by oldfatcowboy 3 · 1⤊ 0⤋
Open up a fish farm. That's big business and you have enough land. Decide whether you want to grow catfish, trout, or salmon. Salmon however is very competitive and you would be better off with catfish and sell the fish to fast food chains.
2006-12-25 08:43:54 · answer #2 · answered by mac 7 · 1⤊ 0⤋