Even Warren Buffett says farm land is one of the best longer-term investments you can make.
And in Ecuador, desirable farm land can still be found dirt cheap. For instance, $1000 per hectare or less.
Yesterday in fact, I was chatting to one guy who exports plantain weekly from his farm in Santo Domingo to New York.
But a lot of people don´t realize there are actually various innovative income streams you can generate from the same farm.
1. Sell plants. All you need is a small greenhouse on your property and preferably a major road frontage and you can actually do quite well selling plants. I have made money selling red raspberry plants around $5 a pop and they don´t really cost me anything to produce as they are just the off-shoots from my existing bushes. It helps if the plants you sell are not widely found in Ecuador.
2. Offer bird-watching tours. Birders come to Ecuador in hoards and they often have BIG money. Offer guided tours on your farm or better yet host them at a lodge on your farm. All you need is that one rare bird that interests them and they´ll come. And spend, often $100-200+ a night!
3. Distribute. Don´t just grow, buy up the neighboring product and export, this can be done before your crops even start producing (and is a good idea to do so as you gain market for your coming crops).
There you have it, three ways to generate more from your farm in Ecuador.
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