I own a farm in Latin America that is professionally managed for a split of the profit, which means that there is a tremendous incentive for the management company to maximize their success (literally, no crop production = no payment). Farmland is one of the best investments in the U.S.kel said:Frankly, even sweeter would be if I could hire someone with experience to do it with me.
1) Next, start a farm in a foreign land where both the cost of land and the cost of labor are one-quarter to one-third of the cost in the U.S. or Canada. This results in U.S.-type profits on steroids. Plus you can afford far more land.
2) Next, use cutting edge technology. If I told you the full potential with emerging technology, you would not even believe it. This new technology is really amazing. Less water. Greater yields. Greater profit.
3) Next, grow high-demand high-priced exotic fruit, instead of competing against giant agricultural corporations growing wheat or soybeans.
4) Next, grow organic fruit that have even higher prices -- and have a huge (and almost exponential) future growth potential.
Of course, there is still far more to consider. For example, I have four redundant sources of water. I have no intention of living on hope, like some farmers in the U.S. Midwest: "Gee, I hope it rains this year -- or I might lose the farm."
I give farmers who actually farm their land a great deal of credit (at least those who do not suckle at the nipple of socialism by extracting subsidies from taxpayers). I would not want to do it. But absentee farming can be extremely lucrative if done properly. Obviously, Mother Nature can be a real bitch. I wince every time I read a story about locusts, which is actually happening right now in east Africa. God help them.
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