Part 7 How to Make Money with Vacant Land â€“ Plants Edit
This Coveted Lands post is about how to make money with vacant land - plants. So you have some acreage you want to make money with that. How do you use your vacant land to make money? Well I've covered six other ways to do it. Number seven is plants. So you buy a property. What happens naturally to land. Well plants grow on it. Mother Nature takes its course and depending on where your land is located you have different options for growing plants and the first plant that I think of. And I'm not talking about being a farmer and having to go around doing a lot of fertilizing and actively managing the property. I'm thinking of things that are a little bit less hands-on here. So the first thing that comes to mind is trees and with trees. You have two different types. You have orchards. Those typically require a fair amount of maintenance and management and you have Timberland or jus wood you know trees that are used for wood so you can make a lot of money with Timberland if you have vacant acreage that's just sitting there. In fact we have other posts that we've done about timberland in the past and you can look for those but basically timber it just keeps growing and growing and the beautiful thing about timber is if the market for timber is Not Great The worst case scenario is you just don't harvest it during the period of time when the market is not good. What happens to the timber if you don’t harvest it. Well, it keeps growing so when a timber market is really hot when the wood market is really hot you'll have even more board feet to sell. So timber is a great one. You can also cultivate trees on your property. There are a number of different species of trees. They each have their own pros and cons some of them grow super-fast but produce wood that's relatively cheap. And for this I'm thinking of like hybrid poplars if you do something exotic there's a tree called the Polonia tree which is probably the fastest growing tree in the world. But the wood is super light. It's like a little bit stronger than balsa wood a little bit denser than balsa wood. And it's really hard to sell. So you know you have there are lots of options you can grow a slow growing tree but very valuable and produces crops in the meantime. A lot of people grow nut trees because that would is very expensive. And in the meantime, they produce nuts a very popular one these days is the black walnut because that wood is just
really beautiful and people are willing to pay a lot for it. So you also get to harvest walnuts in the meantime which actually produce some decent cash flow. So you know you can cultivate trees if you're in an area where treats just grow naturally great you can hire timber consultant to go out there look at the property do selective harvests where they harvest some of the trees and do harvest every 10 or 20 years depending on where you are located and what type of trees you're growing whether they're softwood or hardwood. Sometimes the spacing is more like 25 years between selective harvests if the trees are slower growing. But any way you can kind of space out your cash flows into lumps and you can time them based on your needs and the market circumstances. The next plants are unique crops and these are cash crops that aren't widely grown by farmers and orchardists. So you know these are not apples and pears. These are things like growing wild ginger. If youâ€™re somewhere thatâ€™s relatively moist and you have a property thatâ€™s well shaded by trees, ginger is a pretty valuable cash crop and you can plant it let it sit for about eight years while it grows and when you harvest it make some decent money. And it's just another way to make a little bit of money doesn't require much oversight or maintenance as long as you're in a good climate for it and you know every few years go out planting new crop and harvest a new crop. Another one that does require a fair amount of oversight and maintenance is marijuana which is really popular in localities or jurisdictions where it's legally allowed to be grown to make sure you have the proper permits for it. But this is definitely a cash crop that is on the rise. Also, hemp products in those same jurisdictions are very popular because there are so many uses for hemp and this is actually a fairly competitive area that requires quite a bit of work. I mean people have this down to a science where you know they monitor all of the chemical levels of the plants and they monitor the number of hours of light the plants get and everything. So if you're willing to be competitive this is a great use of land. You can actually generate a fair amount of money doing this right now. And there are also strange crops that aren't very well known like the Maringa tree which you can use for the nuts that it grows. And you can also use for the branches that it grows willow trees. If you're somewhere that grows a lot of willows willow branches are used a lot for making crafts. Who'd have thought right? But you can make a lot of money planting and be harvesting those. You can also do a if you don't want to deal with harvesting all the plants yourself a fun thing to do is to have like a community garden or an orchard or a pumpkin patch or a strawberry patch where once a year you go out and plant it and you make sure it's receiving the water and nutrients that it needs. But you don't harvest it and you just charge a premium for people that have the experience to come out and harvest the plants themselves. This works best for seasonal things. Apples are popular in the fall pumpkins are popular in the fall berries are popular in the summer and it's a good family experience. You want to make sure you have good marketing in place to get people out to your property and then you have weird things that maybe aren't necessarily plants but I consider plant related and those would be like giving waste property Growing worms. There are a lot of uses for worms and there's not a great market for them but they can be used for fishing you can sell them for feed for specific animals and pets. And you can also use them to make fertilizer which is where the real money with worms is. They make amazing fertilizer for plants so you can you can grow worms on your land. Mushrooms, certain species of mushrooms are extremely valuable and you can grow those typically do best on moist environments and on rotting plant materials. Also you can do insect that typically requires enclosures some types of insects do really well. If you have the plants necessary to support them on your property so these are just some ideas of things you can do to make money with plants. There are a ton of other ideas of plants that I didn't cover and you can find more by doing a simple Google search. One thing I forgot to mention about trees is that you don't have to grow trees to maturity to harvest them. There are people that will grow trees on their property and then like a nursery where they will grow a tree for a few years and sell it before it's fully grown. For someone to plant in their yard and you can make pretty good money doing that if you're willing to put in the work to do it. And there are a number of tree species to use. Some of them are extremely valuable like maple trees. Japanese maples that grow slowly but become very valuable. So check with a horticulturist or call up local nurseries in your area and ask them what trees are most popular ask of them you know what trees sell for what trees do really well and your local climate and they'll be able to guide you and direct you to the trees that would do best and you can just plant. Know several of those trees on your property. Wait a few years till they're bigger and then sell them for multiple times what you bought them for. Obviously, you want to make sure they're in a good location where they're likely to survive and last for those growing for those few
years that you own them. I hope this was a helpful post for you on how to make money with your property using Mother Nature.
How To Make Money with Vacant Land Series How To Make Money With Vacant Land Part 1 – Rural Leases How To Make Money With Vacant Land Part 2 – Infill Land Leases How to make money with vacant land Part 3 – Residential Rentals How to make money with vacant land Part 4 – Green Energy Part 5 – How To Make Money With Vacant Land – Easements Part 6 How to Make Money with Vacant land – Minerals Part 7 How to Make Money with Vacant Land – Plants
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