The only thing that's certain is that the more you're able to provide for yourself, the less things like inflation will hurt you.
Jim Aldridge wrote:If you were designing a homestead in a way to save money as the costs of groceries increase, what would you focus on? I know that certain items, like eggs, are cheap enough in the store that you can buy them about as easily as you can produce them. What are the animals and vegetables that can be produces on a homestead that will actually make the process make the most sense from an economic perspective?
Nathan Watson wrote:
Raising your own animal products such as eggs might not be quite the inflation-beating bargain you'd think it is. It takes many pounds of feed moved through the supply chain to produce one pound of eggs in your own henhouse. By the time you've paid for all those costs of buying the food at the farm store, and the logistics of getting it there, you're almost better off just buying eggs that come from a centralized location where they buy feed by the truckload. Smaller animals such as goats, sheep, small pig breeds, and chickens are more practical for the farmer who only wishes to feed their own family, although if you aren't growing food for your livestock you've still got that issue of having to buy food for them. One cow can produce 8 gallons of milk a day, or 400 Lbs of meat. What you'd do with all that milk or meat would have to be determined.
Staple crops such as wheat, barley, and dry beans aren't very practical to grow at home from an economic perspective. You can't compete with the efficiency of machines that plant or harvest a whole field in a day. So as long as we're talking about 10% inflation, not a true SHTF scenario, then staple grains aren't something you'd really need to be growing.
John Wolfram wrote:My county assessor indicated that property value assessments are going up 18% next year, so property taxes will also be going up that much. When looking for a homestead, give special consideration to ones that have features that aren't taxed heavily. For example, a basement is taxed far less than a main floor, so a 1800 square foot house with a 900 square foot basement and 900 square foot main floor will often be taxed much less than a house with just a 1200sqft main floor. Similarly, ag land in my area is taxed based on how good it would be for producing corn and soy, so something that would be tough on a combine means lower taxes.
Tauni Szabados wrote:Might be a little off topic but reading people talk about electricity and how expensive it is or how it might be needed for a few necessary items.
Tauni Szabados wrote:Might be a little off topic but reading people talk about electricity and how expensive it is or how it might be needed for a few necessary items. I was wondering(and I’m new to investigating solar😁) is there a good way to do solar panels for say just your hvac or just a freezer and a couple ac units? I ask because I live in Texas and I’m constantly trying to figure out how we would survive without electricity being that it gets sooo hot! But a full system of solar is sooo expensive too! I’m also looking into best water catchments due to droughts.