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Help/Advice? buying rural farming land
qwertyuiop posted a topic in Sustainable Technologies & Ethical LivingHeya everyone, Just thought I'd take the opportunity to hopefully benefit from any and all of the advice you might be able to offer to a guy keen on the whole thing but a complete novice. I've made a nice sum from my earlier investments into Bitcoin and am now looking to branch out a portion of that money into a more physical and workable revenue stream. I'd be enormously grateful for anything you might be able to contribute! I'll break it down so maybe any of your thoughts can be more easily directed. I'm looking into getting some property. Mostly plant based agriculture with maybe chickens or something for eggs (possibly beekeeping). Land between $50,000 - $500,000..with the upper end only if myself and friends pool funds. Looking to start this as in investment / 'gap year' opportunity. Spending a year minimum on building and renovating a farm into a scalable residents that provides through being a permaculture property. How many people do you think would be manageable? What kind of acreage? Sought after professions/expertise? Other expansions to this I might have overlooked? Hidden costs? Upkeep? Solar / wind / ??? integration and initial costs? Being from an I.T background I'm interested in setting up some semi automated systems based on aquaponic and hydroponic setups. Large scale edible mushroom production would also be quite viable. Is this a dangerous idea to be undertaken by a relatively amature hobbyist such as myself. What would be good crops? Locations (Vic)? Your experiences? Does anyone here own any large properties that's for farming or was previously? I'm also a little concerned (a lot really) about locations that are prone to bush fires... Not sure how to go about minimising that risk factor. Ok before I make this look any worse... I'll finish now before massacring your eyes with this shocking formatting. Hope to hear ya ideas :D LUWA ._.