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There are a few different ways to make money owning and managing ranchland. In this article, we have included a few of the best practices for both absentee owners and managers.
6. Trees. The other technique that I have seen used for long-term wealth building is hardwood trees. In a system called alley cropping, we establish rows of hardwood trees every 80 feet; walnut and red oak trees make a good example. A simple hot wire can protect them when they are young saplings. Soil scientist tell me that having the trees will not reduce the hay production until year eight to ten when they end up being tall enough that their shade and size will begin to reduce the hay production on the range. There is an offset in most cases, if we follow this plan, the timber value at 30 years is greater than the purchase price of the land. This can be an especially lucrative harvest if its timing aligns with the farm owner’s retirement.
This post is part of the 2019 Future Leaders Committee content generation initiative. The initiative is directed at further establishing RLI as “The Voice of Land” in the land real estate industry for land professionals and landowners.
About the Author: Tim Hadley, ALC, is an agent with Keller Williams Realty in Gladstone, MO. He joined the REALTORS® Land Institute in 2017 and is currently a member of their Future Leaders Committee.
About the Author: Kasey Mock is the Director of KW LAND Division at Keller Williams Realty International. Mock is a member of the REALTORS® Land Institute now serving on their Future Leaders Committee. Make sure to check out his break out session diving further into this topic at the 2018 National Land Conference in Nashville, TN, in March.
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