SkyHigh

We have been having great luck in raising free range grass fed beef. They say that people these days want to know where their food is coming from. Last year we raised a few cows. Kept one for our selves and the rest sold quickly.

We made a nice profit on the venture. If you are looking for a side business I would say that farming or ranching is difficult. However if you are interested in subsistence living and desire to make a lifestyle change you could probably eek out an existence off 70 acres.

You would have to grow a beard, wear tie died shirts and drive your VW van to set up a boot the farmers market every Saturday, but it can be done.

Another thing to consider is that if inflation takes off as a result of government actions like many are expecting having a mixed venture farm operation might be a great hedge against it.

Additionally, if you are a big time cargo pilot then most likely the government takes a huge bite out of your income. If you were to develop an agricultural interest on your 70 acres you could use it as a tax shelter of sorts. The land could possibly be leased to a separate farm interest that you own. As you accumulate equipment and other assets they can become a depreciated write offs. Every year you get bigger and bigger to keep your tax bill near zero. In the mean time you are building a business with your money instead of sending if off to Uncle Sam. I would ask an accountant.

Skyhigh