bwoods11
5 year old buck +
A friend of mine & I bought a 160 acres parcel near Herman, Minnesota in December. It’s not an area I’d typically buy as it’s open farm county—flat as a pancake—not a mature tree on it !
I saw the price and called my friend (who owns a good sized habitat company). We did a lot of research and decided to put in an offer . Our wives were both like (
) but we convinced them it could be a good investment.
With some back and forth we secured it for just over $500k. Thats pretty low for that area. It was kind of perfect storm of events that created the lower price . First off, commodities were down at the time, second the farm was full of water when it hit the market . At least 20 acres were underwater due to multiple heave rains. There’s 20 acres of CRP, so combined with the wet spots, farmers didn’t like to have all those wasted acres (they call it).
The farm was not very attractive to a hunter with the lack of trees, and the creek that goes through it is pretty wet and marshy .
There is not much we can do it year one as we have to wait a year to qualify for programs . A local farmer will rent it for us (roughly 120 acres crop) 22 CRP. It will be a decent on investment. We plan on adding some food plots first year.
With the next 2-3 years we plan on adding CRP, hopefully tree rows, (spruce, pine, plum, chokecherry, dogwood etc…) Maybe even a nice block of cover near the cattails .
We will also try to restore a few wetlands, as this is a pretty good area for ducks and geese in Minnesota. The pheasant hunting should be very good. I saw 30-40 pheasants on a short hunt in December. Hopefully the weather warms up so they survive and thrive.
There’s also a possibility of RIM or WRP on this farm . It’s one of the main reasons we bought it, as it would pay double what we bought the farm for … & we can then still keep it if it want or sell it. The government is not always the smartest !
My friend is a perfectionist on tree and native grasses, so I guarantee it will look nice and be so much better in 4-5 years. I’ll definitely help as well. I’m very much looking forward to it , & will post some updates !
Might I add the farm ground is very good, 85 CSR, but just wet in spots... No new tile is allowed… a dry year of even a normal year it will produce big corn or bean yields ! It will be soybeans in 26 !
I saw the price and called my friend (who owns a good sized habitat company). We did a lot of research and decided to put in an offer . Our wives were both like (
) but we convinced them it could be a good investment.With some back and forth we secured it for just over $500k. Thats pretty low for that area. It was kind of perfect storm of events that created the lower price . First off, commodities were down at the time, second the farm was full of water when it hit the market . At least 20 acres were underwater due to multiple heave rains. There’s 20 acres of CRP, so combined with the wet spots, farmers didn’t like to have all those wasted acres (they call it).
The farm was not very attractive to a hunter with the lack of trees, and the creek that goes through it is pretty wet and marshy .
There is not much we can do it year one as we have to wait a year to qualify for programs . A local farmer will rent it for us (roughly 120 acres crop) 22 CRP. It will be a decent on investment. We plan on adding some food plots first year.
With the next 2-3 years we plan on adding CRP, hopefully tree rows, (spruce, pine, plum, chokecherry, dogwood etc…) Maybe even a nice block of cover near the cattails .
We will also try to restore a few wetlands, as this is a pretty good area for ducks and geese in Minnesota. The pheasant hunting should be very good. I saw 30-40 pheasants on a short hunt in December. Hopefully the weather warms up so they survive and thrive.
There’s also a possibility of RIM or WRP on this farm . It’s one of the main reasons we bought it, as it would pay double what we bought the farm for … & we can then still keep it if it want or sell it. The government is not always the smartest !
My friend is a perfectionist on tree and native grasses, so I guarantee it will look nice and be so much better in 4-5 years. I’ll definitely help as well. I’m very much looking forward to it , & will post some updates !
Might I add the farm ground is very good, 85 CSR, but just wet in spots... No new tile is allowed… a dry year of even a normal year it will produce big corn or bean yields ! It will be soybeans in 26 !
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