Is 37 acres too small?

[bowhunternw]

I was thinking of selling off a 40 from a whole quarter, the thing is to access the rest of the property it would be in my best interest to keep the North 100' of the 40. This 37 acre piece does include a yard with power. My question is do you think there would be a mental barrier preventing a good sale? Probably seems petty and overthinking but looking for some opinions.

The second half of the question is would you rather be land poor or have some free cash to work with on the land?

 

[MoLandOwner]

I guarantee you will regret selling part of it!

 

[wklman]

Landpoor.

 

[TMIL]

Its possible that someone might buy a 40 but balk at 37, maybe include an extra 100 ft on another side to make it 40?

Land poor and sweat equity.

 

[Jordan Selsor]

Gotta do what you gotta do. Everybodys situation is different.
I would sell my left nut before my land

 

[Peeps]

I don't think you will have a problem finding a buyer especially with it having power. But I can tell from your post that you will prob regret having sold it in the future. Cash in hand is good but think hard about this sale. Once it's sold it's gone.

 

[tooln]

I think you'll regret selling it.
Is there any logging you can do to raise some cash?

 

[nwmn]

depending on what type of land you're dealing with(I know you're near nelson slough) you may be able to sign up for an easement though the rim program and get a lump sum of cash and get to keep the land. it's tied up for good for development and farming but a good deal if you get to keep it in the end. especially since rim is designed to boost habitat you may get free projects and provide better habitat than what is currently there at a cost share basis.

I'd hold on to it, or talk with nrcs on getting into programs to help pay for projects, hell they even cost share so out of pocket improvements get funded. find a way to make it work. I'd rather be land poor than have cash to play but risk the chance of a shitty neghbor that will negate your efforts.

 

[SD51555]

If you're land poor you're still rich, because you've still got some place to go. I would spitball a hundred ideas for raising cash and put land at idea 100 and fill in the other 99 before you get to selling land.

Garage sale
Seasonal job
Organ donation
Cable bill
Thermostat
Gas bill
Vacation bill
Eating out
Clothing bill
Giving plasma
Sell firewood
Pawn your cavalier (I've pondered that one)
Weekend roofing jobs
Eat sunfish
Change withholding on your paycheck if you get large refunds
Up your car insurance deductible
Sell your rider and buy a push mower
Develop a craft (build things, fix things, flip things etc)
Invest in a speculative upstream oil company. I'm up a negative 54% on mine right now.

If it's just habitat projects, you can get a lot done with little money if you go about things the right way. We've got our hands full trying to spend $700/yr on habitat projects. And half of that was renting the skid loader for a day and running out of projects after 6 hours in an 8 hour rental.

Learn spray and pray.
Learn cover cropping species and how to manage them with no equipment.
Learn to graft. (I'm midway through my experiment of 50 cent crab apple seedlings and $7 in protection to create apple trees. Not ready to crow about this one yet...)
Start with a chainsaw. Lots of habitat work can be done with a good saw and $6 worth of fuel.

Don't sell for sake of raising cash. Way too many easier ways to raise cash than to get your land back.

 

[Jim Timber]

Gotta do what you gotta do. Everybodys situation is different.
I would sell my left nut before my land

How much is a 40yr old left nut worth these days? :D

 

[Greta&Gus]

If you are going to sell, sell the entire piece and find a new one. The new owner would shoot a monster off the 37 acres this fall, no question.

 

[bowhunternw]

Correct there would be 123 acres left. You guys bring up some good points, if fact the only thing that has prevented me from doing this already is the possibility of a bad neighbor. If I could find someone that had the same mind set and goals as me it would be no problem. It is not like I cant afford the land, but will make it difficult to ever buy things to work on the land (tractor,implements, shed etc.). The other thing is there is no real income potential for this 1/4, all woods minus 10 acres of fields. Logging is in the tank around this area. There used to be a pulp wood market but that is going to the wayside I guess.

Nwmn maybe you could message me about what you found out about those easements. I did go to the nrcs this winter but all their programs are only for agricultural land.

 

[huntall]

If you're land poor you're still rich, because you've still got some place to go. I would spitball a hundred ideas for raising cash and put land at idea 100 and fill in the other 99 before you get to selling land.

Garage sale
Seasonal job
Organ donation
Cable bill
Thermostat
Gas bill
Vacation bill
Eating out
Clothing bill
Giving plasma
Sell firewood
Pawn your cavalier (I've pondered that one)
Weekend roofing jobs
Eat sunfish
Change withholding on your paycheck if you get large refunds
Up your car insurance deductible
Sell your rider and buy a push mower
Develop a craft (build things, fix things, flip things etc)
Invest in a speculative upstream oil company. I'm up a negative 54% on mine right now.

If it's just habitat projects, you can get a lot done with little money if you go about things the right way. We've got our hands full trying to spend $700/yr on habitat projects. And half of that was renting the skid loader for a day and running out of projects after 6 hours in an 8 hour rental.

Learn spray and pray.
Learn cover cropping species and how to manage them with no equipment.
Learn to graft. (I'm midway through my experiment of 50 cent crab apple seedlings and $7 in protection to create apple trees. Not ready to crow about this one yet...)
Start with a chainsaw. Lots of habitat work can be done with a good saw and $6 worth of fuel.

Don't sell for sake of raising cash. Way too many easier ways to raise cash than to get your land back.

Yep..that's the same way I look at it.

 

[j-bird]

I sold a 15 acre horse pasture that I was not able to turn into deer habitat (long story) when I was laid off during the economic downturn a few years ago. Do I have anything to really show for the sale......NO. Do I regret selling it......YES. Would I have ever done anything with it......I would like to think so, but that was a battle more with my wife. Now I don't even have the choice. Best way to get some cash for habitat improvements is to kill 2 birds with 1 stone......TIMBER HARVEST!

I forgot to add - I hate neighbors and people in general (just saying).

 

[Jordan Selsor]

How much is a 40yr old left nut worth these days? :D

Over the hill left nut. Not sure :)

 

[Jim Timber]

I've still got another month before it's official. What about a 39 yr old one? :p

 

[sandbur]

I would only sell the forty if my plans were to sell the other 120 at the same time. You might sell to a good neighbor, but that could change to a worse neighbor overnight.

Maybe you should consider selling the 160 (one or two parcels) and buying a 160 with rental acres. You will qualify for lower taxes and perhaps other programs.

 

[MN Slick]

Lease might be a bad word but it fits your situation nicely. I'd lease out the hunting rights to 37 to generate some cash while retaining ownership.

 

[bueller]

Lease might be a bad word but it fits your situation nicely. I'd lease out the hunting rights to 37 to generate some cash while retaining ownership.

Good idea. As part of the lease agreement only allow them to access the property from a direction which benefits your hunting the most :D

 

[wiscwhip]

I would tend to agree with the posts above. A lease might be the best route in the long run. Not only could you limit direction of access, but timing and numbers as well. If you are primarily a bowhunter, keep it for yourself for the bow season and lease for rifle, if you are more into rifle season, lease it to a bowhunter. If you lease you can stipulate the number of hunters that use that land, you sell and the new owner invites 8 or 10 "friends" up from the Metro to hunt his newly purchased 37 acres of "paradise", then what do you have?