I'm finally getting a moment to update. The farm project has been going well. After finishing the road got serious about clearing the land. As of now we cut and sell lumber, cut and sell fire wood, cut and sell chip wood, chip smaller stuff and sell it to the biomass plant. We have also been selling pallets of field stone to masonry supply companies.
The equipment list is getting long, log truck,
chipper, excavator, bull dozer, feller buncher, skidder and wheel loader. I brought in a 500 gallon diesel tank and pump to save a few bucks. We also needed to buy a small trailer and a variety of chain saws and other hand tools. I have also hired two more people, a laborer and a part time mechanic to maintain the equipment.
Lessons learned: if you are clearing land you are logging. Buy good used equipment, maintain and improve it. There are lots of ways to make money if you keep looking. If you have a lot of equipment hire a mechanic to maintain it, down tim cost a lot more what it costs to pay the mechanic. Rain equals mud! Wear good boots! Diesel fuel and oil ruin clothes get a uniform company and save your washing machine. Build a good road and you'll have the respect of the locals. Get a port-a-potty. If your off the grid buy a good generator. Skidders get stuck too. Have a plan for where to put everything, space runs out fast. Get up early and plan on working very hard.
So far this has been the greatest adventure of my life. I believe money can be made aggregating forest and farm land and working both with one team of people. I am still working out the kinks, but with land selling at such low prices I'm confident farm and forestry can make money for investors. I plan on launching a fund to do just that shortly.
If I get this right here are a few pictures.
Winter is coming, getting all the machines ready for the cold. Should be interesting. More lessons to be learned I'm sure.
Sorry for the delay in updating, hopefully it won't be so long next time.