A farm ranch is a fixed asset investment that provides an alternative source of income. Despite being an attractive investment, buying a ranch requires extensive research to avoid various pitfalls. One has to ensure that the farm is productive and can yield returns on investment. More so, there are multiple property laws and regulations that govern the use of a ranch. This post highlights the key considerations for ranch land buyers.
Size is by far one of the most important factors to consider when purchasing land. Primarily, the size of the ranch has an impact on the purchasing price. The bigger the farm, the higher the cost, which affects the purchase budget. Again, operational costs are usually higher if the land is expansive. Notably, consider the number of livestock you intend to keep on the ranch. The land should be big enough to accommodate expected livestock without congestion.
Zoning laws dictate land use. Thus, it is crucial to consider the prevailing land-use laws within a given state. In some localities, it may be illegal to undertake ranching activities. In other jurisdictions, ranching is allowed only with a permit. Understanding the zoning laws enables one to avoid fines and penalties.
The type of soil varies from one ranch to another. Yet, the soil has a significant impact on the productivity of ranching land. The ideal soil should be fertile enough to support fodder's growth and reduce the need for commercial feed. Ideally, loamy soil retains more moisture compared to sandy soil. Thus, a ranch with loamy soil yields more fodder for animal grazing. Consequently, consider having the soil tested before buying ranch land.
All biological organisms require water to survive. Thus, assess the availability of water within the ranch. Having adequate quality drinking water improves the health of the livestock. More so, water helps to support the growth of feeding pastures. Notably, sources of water in a ranch may include rivers and groundwater. In the case of flowing water, it is vital to ensure the land title provides water-use rights. In addition, ensure you test groundwater for contamination.
The ranch location has several implications. Basically, an ideal farm should be accessible. In this case, consider the ranch land's connection to major roads. Also, check whether you require access rights from other ranchers to reach your farm. Fundamentally, analyze the climate of the ranch location. A moderate temperature helps avoid animal stress and support fodder growth. Again, consider an area that is safe from theft and environmental pollution leading to animal loss.
A ranch is not like any other land property. Thus, finding the ideal ranching land without the support of a real estate agent may be challenging. Such experts can support ranch land buyers find a ranching property that meets type, size, and location needs.