Owning land has many benefits. You can actually acquire more wealth throughout the duration of your time owning. If that property you are operating has any agricultural value, then you can make even more money.
There are agricultural ranches for sale all over the country, but there are certain areas where you can really get your money’s worth.
- Texas is one of the best places in the world to buy land if you’re looking to stay in or break into the agricultural production business. There are cattle ranches for sale across the Lone Star State and Texas currently leads the nation in land real estate value. Texas just knows agriculture, it’s as simple as that. In Texas, about 14% of workers are currently employed in an agriculture-related business. The impact of the industry on the economy is no joke, either. Production agriculture earns about $36.4 billion to the Texas economy every year. There are plenty of ranch properties available across Texas. Some beautiful ones that are only a few hundred acres long, and some ranches with over a thousand acres of land.
- There are plenty of beautiful properties across Wyoming as well. Ranches for sale that boarder Yellowstone National Park could be any land owners dream! Across Wyoming, there is more than 30 million acres of land that can be used for production agriculture. Just in 2013 alone, the total crop production from agricultural-based landowning in Wyoming was more than $520 million.
- California is the highest ranking state in the U.S. regarding agricultural cash receipts. There are great spots used for winter cattle grazing, horse raising, and many more. If you’re looking for more crop-based land, California is the place to be. Leading the nation in production of crops; California produces almonds, figs, raisins, olives, rice, peaches, walnuts and many more. The top three agriculturally exported crops that California has to offer are wine, dairy, and almonds.
Deciding on where to buy property is up to you, but it’s important to do research beforehand so you will not get any surprises. Whatever state you choose and whatever kind of property you decide on, enjoy your land!