Farmland is undoubtedly the best bet when it comes to land investment. It bears the potential to generate a substantial return on investment in the long run and provides maximum capital security as compared to other investment options. Meanwhile, the land remains vacant and demands maintenance without generating any kind of direct income which could be a hassle to the landowner but not anymore! There is not one but multiple ways one through which one could generate a steady short-term income from vacant farmland. It is this diversity of income that makes farmland a favourite option of land investors nowadays. Here are a few suggestions through which you could extract maximum benefit from the agricultural land you own.
1. Solar Farm
You can rent the farm to a company which wishes to install solar plants on the land to harness maximum energy through the sun. This way you will not only earn good money but will also help reduce the carbon footprints on the planet making it greener and healthier one day at a time. The solar energy harvested from the farm is sold to electric companies which lights up millions of home every day.
You could rent the land to a company or organisation which arranges camps for the people on vacation. Every day hundreds of people visit properties or places enveloped in nature and wish to spend some quality time away from the hustle-bustle of the city and away from civilization. It is their way to feel grounded again and connect with the true self while appreciating the beauty of nature and community living. You will simply get paid to allow them to set up camp on your farmland.
3. Event Ground
A large parcel of land snuggled in nature is the first option for many hosting a big event in the family or for the public. Whether it’s a mini-concert or a lavish wedding, your gated community plot in Bangalore will make for a perfect venue and all that you have to do to earn earnestly overnight is to rent the land for the event. It is quite an unexplored lucrative option of short-term income for the landowners.
4. Farm Leasing
A fertile, large patch of land can be used by farmers also who will take care of the upkeep, work and labour but need your land to make the money. You can rent the land on a monthly basis or sign a yearly deal and earn a generous income every month without worrying a bit.
5. Grazing Land
Farmers might not want to use the land for crops buy they could use it to let the cattle graze around. It will generate income for the landowner and maintain the farmland as well without any extra expenditure. No more sending hefty money on mowing the grass every month, the grazing cattle on the farm will take care of it.
6. Housing Development
One can build a farmhouse on the land and use it to rent to people on vacation or sell it for an even bigger amount of money. It could be turned as a nice bread and breakfast for those who wish to explore the calmness of nature for self-discovery.
It may take a little investment from the owner’s end but once developed it will attract the crowd every weekend which in-turn could generate ravishing profits. These profits could be used to renovate the property after some time and flip it for even more money.
8. Storage Facility
All you need is to provide the structure and storage facility on your farmland will earn you a generous income every month. Depending on the size of the unit you can earn several thousand every month and also, the cost of constructing a storage unit is less than building a home or commercial unit.
When you think the market and circumstances are as per your expectations, you can terminate the rental contract and sell the land to earn a good return on investment.