Give up?
Farmland is the answer and “its future is very bright”
(Clayton Jarvis, Moneywise).
With rising inflation being a very real concern today, farmland provides a source of investment that inflation will not erode. Simply put, farmland can be viewed as a hedge against inflation. Given that we need farmland to feed the world, it is sure to continue to provide returns for the long term – they “are not making more land” (Artem Milinchuk, CEO of FarmTogether)
Unlike other commercial investments, farmland purchases can provide tax savings by way of OFA credits. More food for thought; tenanted farmland may provide enough annual income to cover property taxes, pending crop, and yield, thereby coming in at a net $0 holding cost. Also, the current COVID trend in staycations for Canadians remains strong; rental income from families seeking to provide healthy alternate experiences in natural settings may provide another revenue source.
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