What kind of farming should I start?
If I understand the difference between E1 and E2 correctly, I think E2 is a better route for you, if your field is agriculture. The reason is that prices for good quality farmland, even before you buy seed or stock and equipment, is high in the U.S. It would be hard for you to get a profitable farm going. However, if you invest capital in a farmer who already has a thriving operation but wants to expand, you can invest almost any amount you happen to have. I would suggest starting off by contact the Farm Bureau in an area where they do a type of farming you are already familiar with. If you have raised cattle before, choose a place with many beef or dairy farms. If you've raised grain, look for a part of the U.S. where wheat or corn (maize) is commonly grown. And so on. (You can probably find a lot of this information just using Google.) When you have found a few likely areas of the U.S., contact the local Farm Bureau in each area and let them know you are interested in investing in a farm. Try to find a farmer who, for example, wants to get a new irrigation system but needs capital to do so, and see if you can work out a deal that will be profitable to both of you and will be a better deal for the farmer than he can get at a local bank or credit union, perhaps on the basis of a share of the crop for a certain number of seasons rather than interest payments in cash. A farmer whose land is good but whose credit is bad may be willing to do business with you, and I believe this would help you qualify for an E2 visa. I have another reason, as an American, for suggesting this instead of trying to buy a farm: Even if the capital you have were enough to start a profitable farm from scratch (which it isn't), America has more than enough American farmers; we don't need to "import" any of those. We have farmers struggling to save farms that have been in their families for generations, and if you can invest in them, that is better than coming here and replacing them.
How is farmhouse business?
You can start business like: Acquiring Farmland: The most difficult aspect of starting a farm business is acquiring vacant farmland on which to plant crops or raise farm animals. Vacant farmland with enough contiguous acres to run a farm business is getting more difficult to find as suburbs spread out to the countryside. Farmland is extremely expensive, especially when you look at the return on investment (ROI) that you can expect per acre when planting crops. Here is a realistic example for understanding ROI with a farm business. If you plant soybeans, and you make $400 per acre each year after deducting planting and harvesting expenses on the sale of your crop, and you paid $5,000 per acre for the land, it will take you over 12 years just to make enough profit to pay for the land. Land is not a depreciable asset for income tax purposes, so the cost does not reduce your taxes. However, interest paid on farmland is fully deductible, as are the property taxes. Most banks require buyers of vacant farmland to have at least 30 percent of the purchase price as a down payment. Therefore, to purchase 100 acres at $5,000 an acre, you would need $150,000 down just to buy the land, without any machinery to run it. On top of that, the interest rates are higher on vacant land than home mortgage rates. Machinery: Running a farm business requires a large capital investment, first for the land, then for the machinery. First, you need a big tractor and wagons. Then if you are crop farming, you need a planter, sprayer, combine and wagons. If you are raising hay, you need a mower, conditioner, rake and a baler. If you are raising animals, you need fencing, automatic waterers, barns, skid steer and a manure spreader. You may also need other equipment specific to the types of farm animals you intend to raise or specific to the type of crops you intend to plant. Chances are you will need to approach a farm credit service organization to obtain financing for startup farm equipment, as most financial institutions require regular monthly payments, as well as down payments on each item. A farm specific financial institution will allow you to make a large payment, once a year, after you harvest your crops.
I want to start investing in farmland in Romania, and at the same time open a real estate business in another country. Where should I incorporate?
Here’s my take on it: don’t be in a big rush to incorporate anywhere. The farmland can be held in your name, easy, low profile.The real estate in another country can similarly be held in your name. You could form a trust to hold it, or even a corporation, but you have to think long and hard why you want this added administrative burden and cost.Also, if you are a US citizen, be aware that any foreign corporation you own must be reported to the Treasury Department. If you just own land, there is no requirement. If you earn income from the farm, you must report that on your taxes. If you have rentals, that must be reported to the Treasury department, annually. The penalties for overlooking these reporting requirements is horrendous.
What is the best business to start in rural areas?
Best business to start in rural areas would depend on following factors:Your own budget and risk appetite.Where is the location, how is the climate like?What kind of attitude local people have about you setting up business, believe it or not you might find lot of resistance from locals if somehow you or your business rubbed them the wrong way.Local resources specially water and electricity and manpower availability.I have edited the answer after a short stint at a village in Uttarakhand.Based on above factors, you have following choicesSetup green house farming for crops that have better ROI. Organic farming provides better return if you find the right marketing society/co-operatives for it.Poultry / Fish / Goat rearing. The returns are better in processes products than raw.Milk and milk products from dairy farming. The old, traditional methods for rearing cattle combined with modern technologies for processing milk products are giving better returns.Herbal crops like Basil (tulsi) , Aloe Vera etc. These can be grown easily and have good market. Under organic brands / marketing they have a very good future.Government at central and state level have lot of schemes running for employment of local youth, approach local authorities to gain access to them. This will help in resolving conflicts with locals as well, as govt aided projects are well protected by govt agencies.There are many other options as suggested by other people, however most important factor would be your personality and what kind of work you can do for long without getting bored.If you like the answer, I will be happy to detail it further.
How to start a farm for a begginer?
Im 16 and want a farm soo badly, i want it to be a crop farm with some animals later on. How would i go about gettin the money for the land? Everytime i look for cheap land, the prices are outstanding. So how many acres would a decent beggining business farm need to be? I was thinkin around 200? or could it be lower? Also how would i go about gettin a loan froma bank? I know they wouldnt just give a 18 year old 500,000 to do something.. Any other tips and advice would be greatly appreciated. thanks so much :D
What business can I start if I have land, water, transportation and about 20 acres of farm (budget up to 30 lakhs)?
You seem to have a good amount of resources to work with so it depends on where it’s located. I’m also not sure which country you’re in so I’m just going to list some general things that you might want to consider.Ideas:Build hotels or rental properties if you’re in a good area or tourist areaIf marijuana is legal in your country, consider farming thatTurn the farmland into a full fledged farm, I’m not a farmer so you’ll have to consult someone on the details but I’m imagining cows, horses, goats, pigs , corn, wheat etc.Maybe you can farm rarer or higher quality animals/plants than your competitors. I’m assuming you’re not in the US so I don’t know how popular “organic” and “grass-fed” animals are but you might want to look and see if you can position your farm food as “better” than everyone else’s.If you have a lot of transportation maybe consider a taxi service.I think your biggest asset is definitely the farm land, I would suggest joining some of the local farmers and seeing if someone can mentor you. Or look for farm related resources online.
How do I find out about buying small farmland on county land for low income person, about 2-5 acres would do?
It would sure help to ask the county if it has county land available for that purpose. I know full well that in my county not only does the county not have any such land, they would prohibit subdividing of existing farm land to create such lots. At one time we could subdivide down to 5 hectares, but most of those became country estate for high earners who demanded a lot more county services than the farm population did, and had such a small tax base. Today we can not subdivide below 50 hectares without an approved plan of subdivision (for urban development). Now if you can get subdivision of lands, will you need to be able to build, have a water supply, sewage, electrical services, freedom from flooding, drainage, access to irrigation water? Do you need access to urban traffic to sell produce? Often people hope to add some of these things when they are not immediately available and may come at an exorbitant cost. Our county will not allow a home to be built with a value below $120,000, or $180,000 if the land is in a serviced area. Often servicing your own lot can exceed 30k. There are some lots that you just can not service for a residence. So, start by asking the county what it has, what the rules are. Do not make the mistake of buying where you can not do what you need to do.
What are the pros and cons of leasing farmland?
Is this your land you're leasing or are you renting land? From what I'm reading it sounds like you're renting land to raise your cattle on. The pros for leasing is if you fail in your operation, you can sell your cattle through the sale barn and give the land back to the owner, and don't have to have any payments to make or arrangements to make to sell the land you bought and haven't completely paid off. At least you'll have some money in the bank from the cattle you sell, but not a whole lot if you're relying on cattle alone for income. You'll likely be paying less for rent than what you'd be paying in a down-payment or loan for the land you buy. Another pro is that it gives you time to look for land to buy while you have a place to keep your animals for the time being. Once you find something, then you can terminate the lease and move your animals onto the land you bought. Cons: You may generate less income for paying for rent than if you would if you buy land, but this wouldn't apply if you have to pay off what you owe for the land you bought, not to mention taxes and that. You have nothing to fall back on if the owner decides to terminate the lease on you and you still want to keep your herd. You will have to find some sort of agreement with the owner you're renting land from to make sure this does not happen, that the owner gives you a fair amount of time to find a place to raise your cattle if you cannot raise them on leasor's land anymore. Leasing land can be a bit of a liability especially if there are things you want to do to the land but the owner doesn't agree with them. You would have to find either another way around this or have to come to terms with what the owner has to say. Another thing is that you cannot do something to their land without their consent. That should be and would be a part of the lease agreement, and something you have to agree to. Some leasees are good about taking care of another person's land, but others can be not so caring, since the know that it's not their land, their fences or gates or anything like that. For the person who's renting the land out to someone, that's a bad thing. You will have to do a bit more researching on leasing land for raising cattle on in your area, as we've no idea where you live nor how you plan to run your operation.