Why I’m Buying Farm Land

I came close to buying 35 acres of land here in the Dominican Republic, and the deal fell through over a difference in price negotiation. Looking back at that deal, It would have been a big mistake. I should have offered to just buy half. But it’s to late.
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1. I love the idea of Homesteading
Living on a farm with your family
Doing honest work
Living off the land and knowing what you’re eating
I don’t mean off-grid:
I want electricity
Running water
And modern conveniences like internet and plumbing
And if I can get from the grid great, but I also want to work on independence too, just in case you know
Why I like:
Nutrition and independence are the two main things that led me to this idea
The minute farming became profit-driving, it led to companies pumping our foods with a bunch of chemicals that can cause problems in the long term
And also during 2020 I learned that, if things get ugly I have no way to truly survive independently really
2. I’m Fully aware that this is not Investment ( and most people buying land for this purpose should be too )
An investment is putting your money into something that makes you an appropriate return without risking your capital too much
Buying land like this ( for personal reasons and ideals, is not about investing really)
But life Is not about investing this way either
Having Land
Provides housing
Provides Food
Could eliminate utility bills
The point:
What you choose to depend on is up to you
And you don’t have to always be thinking about making more money really
If you don’t need more money ( think about that )
3. What I’m looking to do with the Land
This is really not that complex
Its simple but I think really important
First: Honest Work
For myself and especially for my kids
Kids these days are just tablet addicts
And parents are phone addicts
I don’t like it
So having a farm, to go to, and to do work each day is great to instill values in myself and my kids
Second Food:
I didn’t really think this was that important ( until I started actually seeing my family grow old with a lot of health issues )
Growing your own food and raising your own food, means you can control the quality of the food
Doing that also gets you into shape and exercise
4. My Plan ( the Bad news )
I don’t think I’ll be able to buy this land anytime soon
Currently, we’ve updated for a more transitional plan
To live in a small town and have land close to take off (at least less than 15M away)
This may not sound like a big deal and it's not really
But this means One house in a town and buying land
This is double expenses
Those will require some more patience to acquire the land
Benefits:
You live in a Town
You get to learn and experiment
I can still get the food, do the work, and get what I really want
Con:
Is just patients
But there is another idea:
Buy a good enough plot of land in Town to do the basic farming
I was reading and it looks like 5-10 acres is more than enough
I have no idea why I wanted so much ( greed maybe )
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.