I also dont agree with Jim Rogers's conclusion about farmers getting uber rich (although my farming relatives in NZ may fit that catagory) but agree its the sector to be speculating in.. massive profits to be had.. In terms of odds being stacked againest them, this is true.. over legislation and government manipulation arent helpful but i think a smart individual would look to being self sufficent to secure a food and water supply as thats always good advice if you can manage it. 1for1
I tend to agree with Jim. When the paper wealth evaporates all that will be left for most people is to buy food and essentials. For a period of time anyway. Food producing land is the A1 investment as far as I'm concerned....after pm's of course
Water Allocations and/or some form of other access is what creates value in the land. 27 meg on 6 acres is massive. 320 acres Grazing sound good to me with some bikes and Quads as well and beer in the afternoon?
Water delivery rights as in yearly access to take out, not 27 meg of permanent water. I believe a permanent meg of water is approx $1700, I don't see the point in buying the permanent water when you can buy a meg of water to use in a 12 month period for about $22 a meg, then it costs $55 a meg to pump it on the land. Not growing anything on it for now but trees, then will grow food on it later. The 320 acres is only 1.5 hours out of Adelaide and only 2km's to the Murray River & the boat ramp.
I have a 70 meg permanent allocation to a full producing cane farm and its charged differently .More weighted to the up front allocation and less on usage.You can buy the allocations which are assigned to your land then you pay the annual usage etc. Our allocations Market Value are about $1000/meg when traded then you start paying quarterly after you own the allocation. You have a good deal. Good luck with your blocks .IMO I think you have purchased well for your future. Access to a boat ramp by 2 klms is valuable. I too have my block within 1 klm of a large Lake and rough style boat ramp.
How big is your Land? End goal is when I semi-retire (hopefully not too many years away) to move up on the land, grow some food, get on the river, camp, relax and enjoy! The 320 acres block has building rights for 2 dwellings and the 6 acres has building rights for 1 dwelling
66 acres of fully underground irrigated block.No room for a house at present as its under full cultivation. Its pure business not lifestyle at present.
What does something like that cost over on that side of the world? If you don't want everyone to know could you PM me? I am just trying to get an idea on how different it is vs the US.
