If you’re looking for a good investment, you may want to think about buying farmland in North Florida. You can use an agricultural plot for a number of purposes – and in many cases, such as those revolving around farming, livestock breeding and other agricultural pursuits, that land is taxed at a lower rate than residential or commercial properties are thanks to the Greenbelt Law.
Those aren’t the only benefits of owning a North Florida farm, though.
3 More Reasons Farmland in North Florida is a Great Investment
1. Tax deductions may be possible. Like any business, you can deduct ranch-operating expenses as business expenses. That means if you hire help, purchase livestock feed, or pay a veterinarian to examine your animals and they are all part of your ranching operation, you can most likely deduct these things from your taxes. (This isn’t tax advice; you’ll need to talk with a tax professional or financial expert to determine exactly what you can legally deduct under the U.S. Tax Code.)
2. Farms for sale in Florida are extremely affordable. You’ll find that North Florida has some of the best deals you’ll find anywhere on farmland, and that means you can get the most for your money. Interest rates are still low, too, so you can capitalize on that to make a smart purchase.
3. You can make money by farming in North Florida. If you purchase an established farm property, you’ll just have to assume operations on the land – but if you buy one with the intent to develop it into farmland, you may be able to lease parcels of it to other farmers.
Ready to Invest in North Florida Farmland?
When you’re ready to invest in 40 acres of North Florida farmland (or 500 acres of it – the choice is yours!), call us at 386-243-0124 or contact us online. We’ll help you find exactly what you need at a price you can afford.