Hi, like so many, I am having trouble acquiring land. Here is what I am looking for, 20-30 acres for pastured hogs with a house and barn. Long term vision would be to turn it into a silvopasture.
Restrictions: I have 2 kids in school and I am unwilling to move them. We need to find a place within 15 km +/- from New Hamburg (near Kitchener). Our budget to purchase is $650,000 or to rent at $2200/month plus utilities.
Whats available? Farms around 100 - 200 acres from $1,500,000 and up or smaller "hobby farms" with big houses starting in the mid $800,000's.
Solution: I think the ideal solution would be to form a partnership with another farmer(s) to buy one of the 100 acre + farms. I am talking to a farmer friend who is thinking of buying another farm, he doesn't want the house and barn, so we are exploring the idea of buying a 100 acre farm together. He will put in $X to buy his shares which will get him access to ~75 acres of the crop land and our share will get us access to the buildings and ~ 25 acres. However, I am not sure if he is ready to move on the deal.
Question: Is there anybody in the permie world looking for land near me and willing to invest as a partner? What would you be looking for (land, buildings etc) and what is your budget? Does anybody have experience doing this? What are the pitfalls?
Cost is a major obstacle is Southern Ontario especially!! Even as you head north it still can be quite expensive. Realtors have also created this telling sellers an acre is worth $10,000 to 30,000. Even the Ministry of Ag says a forested or hay producing acre is no more than $1000/acre. Other cash crops have more value per acre. I don't get why some over pay?? It's like all those people that buy homes $100,000 or more over ask!! Just ridiculous.
I hope you have found someone but many farms and CSA's in my area have failed as they way overpaid for the property and now can not cover the mortgage. I feel bad for them!!