Anonymous wrote:Anonymous wrote:Anonymous wrote:This is OP, thanks. I’m thinking of this more as a luxury project, and 10 years feels about right. I like to daydream about moving to the country and while I was out near Round Hill recently I watched a small army of guys with mowers turning into a small farm and it made me wonder. Like I can guesstimate what it takes to maintain a big house and an acre in Bethesda, but not a small farm property. I thought maybe someone here would share a benchmark. I’m not trying to make a profit from goats.
So like, as an example - let’s say you need one main employee ($75k) and maybe average $25k/year on equipment? Plus idk what else but maybe $50k? So is $150k/year a good guess? I have no idea.
Why would you bother to post such guesses, when you have no idea?
Anonymous wrote:Anonymous wrote:Anonymous wrote:This is OP, thanks. I’m thinking of this more as a luxury project, and 10 years feels about right. I like to daydream about moving to the country and while I was out near Round Hill recently I watched a small army of guys with mowers turning into a small farm and it made me wonder. Like I can guesstimate what it takes to maintain a big house and an acre in Bethesda, but not a small farm property. I thought maybe someone here would share a benchmark. I’m not trying to make a profit from goats.
So like, as an example - let’s say you need one main employee ($75k) and maybe average $25k/year on equipment? Plus idk what else but maybe $50k? So is $150k/year a good guess? I have no idea.
Why would you bother to post such guesses, when you have no idea?
Anonymous wrote:Anonymous wrote:This is OP, thanks. I’m thinking of this more as a luxury project, and 10 years feels about right. I like to daydream about moving to the country and while I was out near Round Hill recently I watched a small army of guys with mowers turning into a small farm and it made me wonder. Like I can guesstimate what it takes to maintain a big house and an acre in Bethesda, but not a small farm property. I thought maybe someone here would share a benchmark. I’m not trying to make a profit from goats.
So like, as an example - let’s say you need one main employee ($75k) and maybe average $25k/year on equipment? Plus idk what else but maybe $50k? So is $150k/year a good guess? I have no idea.
Anonymous wrote:Can't all this stuff just be written off on taxes anyway?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:My parents have a hobby farm. It is managed by a farm manager and 4-6 men. The outlay for payroll and regular equipment maintenance is roughly $500-600,000 a year. This is on top of any other unusual outlays (another field truck, another tractor, replace the barn generator, reroof the stock barn). It is a complete money suck. On the other hand it provides a huge amount of pleasure to them and it is hard to argue with that. They do not live there fulltime so these expenses are all on top of their regular expenses.
This is so helpful, thank you!! -OP
I know nothing about this topic, but am curious about whether OP is actually willing to pay a half million or more per year for an 11 acre farm. I would watch that reality TV show.
No, but I might spend $150k. What’s it to you? People on this board drop that much on private school all the time even after paying millions to live in a “good school district” and it’s fine with me. We don’t all pursue the same things. Maybe I’d like to bring eggs to the office sometimes. Have a shed with a pottery wheel. Do flowers for a friend’s wedding from my cutting garden. I wouldn’t be hurting anyone. And historically, I’m a good employer.
Anonymous wrote:Anonymous wrote:Anonymous wrote:My parents have a hobby farm. It is managed by a farm manager and 4-6 men. The outlay for payroll and regular equipment maintenance is roughly $500-600,000 a year. This is on top of any other unusual outlays (another field truck, another tractor, replace the barn generator, reroof the stock barn). It is a complete money suck. On the other hand it provides a huge amount of pleasure to them and it is hard to argue with that. They do not live there fulltime so these expenses are all on top of their regular expenses.
This is so helpful, thank you!! -OP
I know nothing about this topic, but am curious about whether OP is actually willing to pay a half million or more per year for an 11 acre farm. I would watch that reality TV show.
Anonymous wrote:Can't all this stuff just be written off on taxes anyway?
Anonymous wrote:Anonymous wrote:This is OP, thanks. I’m thinking of this more as a luxury project, and 10 years feels about right. I like to daydream about moving to the country and while I was out near Round Hill recently I watched a small army of guys with mowers turning into a small farm and it made me wonder. Like I can guesstimate what it takes to maintain a big house and an acre in Bethesda, but not a small farm property. I thought maybe someone here would share a benchmark. I’m not trying to make a profit from goats.
So like, as an example - let’s say you need one main employee ($75k) and maybe average $25k/year on equipment? Plus idk what else but maybe $50k? So is $150k/year a good guess? I have no idea.
Anonymous wrote:I’m curious about the cost of maintaining a rural property. Let’s say a house, a barn, some chickens and a few hay fields. I know there’s a lot of variation but just for the equipment, building upkeep, landscaping etc?