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| If it makes sense for your operation, do it. I come from a long line of family members who are financial advisors. I have always been a conservative investor and put money in a variety of investment vehicles.(401k, roth, 457, mutual funds etc)
Back in 2004 or 05 can’t remember exactly the timeline but I was discussing investment strategies with a good friend that worked for one of the major brokerages. He said he wouldn’t give this advice to anyone that was a customer but for me he said he would advise me to invest my money in land. He said that I already had the infrastructure and equipment in place to farm and could get a return on my investment rather quickly. I didn’t take his advice and I have now watched farms that I could have bought for $1500-$3k an acre back then sell for $12-17k an acre in the last 3 years or so. That return was just the return on real estate appreciation. That doesn’t include what could have been made during the good years on crop production. Not following his advice is probably one of my biggest regrets from an investing standpoint. | |
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Roth IRA to buy farmland
