Owning land can be expensive if it remains vacant, as holding costs, maintenance and taxes can quickly add up. To make vacant land profitable, there are several options available, depending upon state and local regulations, which will only require minimal effort from the land owner.
- Animal Pasturing: Selling or granting grazing rights to local farmers or livestock breeders will generate income with little to no effort from the land owner.
- Hunting Rights: Assuming state and county law permit, acreage can be leased to hunters seasonally. If large game and wildlife is abundant on your property, premium rates can be charged.
- Cell Towers: Land is often leased by cellular providers to install cell towers in certain areas within the provider’s coverage network. Typically a site acquisition agent from the wireless carrier will visit the site prior to leasing to determine if it fits the carrier’s needs. If the site is a good fit for their business, the agent will make a leasing offer and move forward with construction.
- Solar Power: Installing solar panels on vacant acreage will produce electricity that you can sell back to the utility company. Some utility companies may change their demand for extra power throughout the year while others will not pay to buy excess power. Prior to the investment in solar panels, research the feasibility in your area.
Analyze the strengths and weaknesses of the property before committing to one specific technique of generating income from vacant acreage and be sure to learn about any startup costs that may be associated with your planned strategy. When parting with your acreage is a better financial decision, posting a high visibility listing with AllAcres.com will help get your property on the market and sold quickly. Call AllAcres at (855) 227-3741 or contact us online today with any questions.