Okay, first I'll give a little background info:
A very good friend of mine recently inherited a rather large plot of land; we're not just talking a couple acres--but rather ~200 acres down in Salem, MO (roughly an hour and a half from my current residence). Along with the land, he also has the equipment to maintain it. He presently has no interest in living down there and working the land, but as it was his grandfather's he wants it to be put to use. I've been chatting back and forth with him about possibly using a portion of it for peppers. No way I'd dare try and jump into a 200 acre operation!
Anyway here's my questions:
1.) Around how much money per year do those of you with larger operations have to put into your grow? Obviously, don't include cost of rent/mortgage/land payment itself, that part is taken care of. He owns the land 100%, and would be willing to let me use it for a portion of any proceeds made rather than set rent. I do great, he does great; I do bad, I won't find myself in major debt.
2.) How feasible is it to pull off a decent sized field if I can only make it down to check on it/harvest on weekends?
3.) What kind of additions would be advised to try and pull this off?
I'm just trying to see if this idea is something worth pursuing, or if I should just advise him to rent out the land for cattle farmers in the area.
A very good friend of mine recently inherited a rather large plot of land; we're not just talking a couple acres--but rather ~200 acres down in Salem, MO (roughly an hour and a half from my current residence). Along with the land, he also has the equipment to maintain it. He presently has no interest in living down there and working the land, but as it was his grandfather's he wants it to be put to use. I've been chatting back and forth with him about possibly using a portion of it for peppers. No way I'd dare try and jump into a 200 acre operation!
Anyway here's my questions:
1.) Around how much money per year do those of you with larger operations have to put into your grow? Obviously, don't include cost of rent/mortgage/land payment itself, that part is taken care of. He owns the land 100%, and would be willing to let me use it for a portion of any proceeds made rather than set rent. I do great, he does great; I do bad, I won't find myself in major debt.
2.) How feasible is it to pull off a decent sized field if I can only make it down to check on it/harvest on weekends?
3.) What kind of additions would be advised to try and pull this off?
I'm just trying to see if this idea is something worth pursuing, or if I should just advise him to rent out the land for cattle farmers in the area.