As with most investors, ranchers also devote an ample amount of time reviewing the logistics in buying a ranch. By not plunging aimlessly into the ranch market, any chances of possible loss are greatly mitigated.
The following are the things that an aspiring rancher must take into consideration before finalizing the acquisition of a ranching property:
1. Accessibility. Is the place just within reach or does one have to pass through a rough terrain just to be able to enter the boundary? The ease of ingress and egress to the land is also essential as it is a main determinant of a property’s salability. If the property is out of the way, then creating access may become an additional financial burden to the rancher.
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| Image credit: newcast.com.au |
2. Water access. It is an accepted fact: Ranches and farms greatly depend on water. Livestock, crops, and wildlife need a substantial amount of water to thrive; thus, an ideal property is one that at least has a creek or a river running through or adjacent to it to ascertain a year-round and reliable water supply.
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| Image credit: riverkeeper.org |
3. Land type. The rancher should first determine his purpose before starting to study this aspect. Different purposes require different land types. For example, if a rancher is interested in possibly raising wildlife for hunting purposes, then he should consider a property that resembles wildlife’s natural habitat with natural vegetation.
4. Land cost per acre. Because real estate prices fluctuate depending on market conditions, an aspiring rancher should consult professional help in timing the purchase. Real estate properties which are bought in time of overvaluation may be poised for correction, resulting to an inequitable loss.
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| Image credit: lh4.ggpht.com |
Charles Crispin is the owner of Hammock Walk Ranch in Florida. Learn more about ranching by visiting this Facebook page.
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