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Passive Income Ideas For Rural Preppers
This is a discussion on Passive Income Ideas For Rural Preppers within the Economic, Precious Metals, Investing, Finance forums, part of the General Discussion category; My cousin in Maine raises cannibis and quail. Apparently makes money on it. Hes set up as a non profit medical dispenser on the marriedjomama. ...
My cousin in Maine raises cannibis and quail. Apparently makes money on it. Hes set up as a non profit medical dispenser on the marriedjomama. He dont sell but gladly accpets tax deductib;e donations. He makes candy and creams..pills..beef jerky.etc. Sure he be glad to give tips on getting into either one of those businesses. Quail prob be more legal in Kansas.
Last edited by bigwheel; 01-03-2019 at 03:32 PM.
Kinda like when my dad took me fishing at a trout farm about 100 years ago LOL, just didn't quite seem a fair challenge.
Originally Posted by rice paddy daddy
We have HUGE walls of blackberries here as well, which provide LOTS of free pies every year. They make an impenetrable barrier as well if grown from the base of a cyclone fence with barbed wire... a couple of years and the fence doesn't even show, and the briars are 10 feet tall. Security AND free pie, now that's America!
The berries ripen in May here.
The birds get the top ones, the rabbits the bottom ones, and we get what’s left.
Interesting thing I learned about blackberries - only the green stems produce fruit. After a couple of years of berries, they stop and the stems darken to a brown color. To keep things thriving the brown stems need to be cut back.
And that’s a thorny proposition.
"There is nothing so exhilarating as to be shot at without result." Winston Churchill
"Leave the artillerymen alone, they are an obstinate lot." Napoleon
Member: VFW, American Legion, Vietnam Veterans of America, Society of the 5th Infantry Division, Sons of the American Revolution.
We have to cut them back every year or we won't have a YARD LOL!
Originally Posted by rice paddy daddy
Write a book and enjoy the royalties from it. You could also self-publish it on Amazon if you wanted. Another idea would be to purchase foreclosed homes or bankrupt homes off the market and resell them for a profit or even rent them out for passive income.
If you are a technical person, start a website and build an income with SEO or through an email list selling either your own product or someone else's (affiliate marketing). If you know how to market effectively and generate ROI then you could also do Adwords.
Our idea of passive "income" on our farm is more bartering or swapping. For example, the pastures on the property have to be bush-hogged twice a year. A fair amount of money if we paid cash or all of it. But we don't. The guy who bush-hogs runs sheep in one of the pastures, and gives us a significant break. We got a donkey for free b/c some other guy needed to get rid of it. We swap preserved stuff in return for burning brush piles.
I guess my point would be to remember that currency is a vehicle. What do you want/need to be done? Who can do it? What do you have of value (besides $$) that they want/need? Granted, that doesn't work if you are n desperate need of a new iPhone... .
Recall not too long after Alfgore invented the internet i asked a computer guru how to make money on the new cyber highway. He said the best way was to offer how to courses to teach folks how to do it. He acted like it didnt much matter what you told em. He said porno was also lucrative.
I've thought about this several time in the past. To me the best thing are storage units. Now there are a few things you have to do to make it work. Don't just put it in the corner of your land and rent.
First find a little piece of ground within 5 to 10 miles.
Form a corporation that will build the facility and own it
Next form an LLC that will lease the ground from the corporation owning the building
Build the facility with a small 2bdr house (this will be for the caretaker)
Give the caretaker paycheck. Not just free rent. Pay a Accountant to handle paying the caretaker. Have the caretaker rent the house month to month.
Now the interesting part is the money track
The caretaker deposits the Receipts daily into a lockbox at the bank.
Have the same accountant handle paying all of the fixed bills per month and you approve any emergency bills. Also have the accountant pay the corporation for the lease.
The lease cost is a business expense for the llc and a profit for the corporation. The corporation amortizes the building cost of the property.
When the amortization length ends you sell the property and build a different one or you expand that one.
There are a few other accounting things to do to maximize you return
Prepare for the worst, Hope for the best
Worry about the things you can control, Plan for the things you can't
I am having trouble picturing this land, where I am from we don’t have any zoning issues on our rural land until you hit city limits.
I would advise looking at a specialty crop to grow, I take it you farm? Not hemp though, something different than the run of the mill. Something like specialty beans, cover crop seed, etc where you don’t have to make a huge investment into equipment, just use what you already have.
If the land has any equity in it, put it up as collateral and invest in some housing for rental properties or even commercial properties. You said you work in a confinement barn so I would think you’d have to stick in the area some what.
I am going to get some heat for this one but acreage and the type of ground would give me a better idea, but my recommendation would be level every thing on the land and get it tillable, unfortunately paying any amount for trees on the acreage don’t make you money and you still have to pay taxes to the middle of the road(some may not like this but if you want trees go buy some land and plant some, then figure out how to pay for the land and the taxes on top of it), focus on getting the best yields you possibly can off of the farm and if some of it is complete junk farm it until it is eligible for CRP or a pollinator program.
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Have you looked into beekeeping?
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