5 Business Ideas for Vacant Land

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(Newswire.net — September 22, 2020) — If you find yourself with an excess offamily land that you don’t know what to do with, you’d be surprised at the business opportunities that exist for vacant land. There’s a massive demand for land in the US. The Counter contends thatnearly 100 million acres of land will change hands in the US over the coming years, but most of it won’t go towards farmers. This point is the best time to switch your vacant land into something that can profit you. Here are a few exciting ways you can turn your vacant land into something that generates some extra income.

1.     Campground

Many people in the US spend their time looking for campgrounds to escape from the hustle of the world. If you have a vacant site, it’s an ideal space to set up a campground. Depending on your state, you might need a license to do so, but you can charge renters and make the campground pay for itself. You don’t need to offer a lot of amenities, either. These folks are used to roughing it.

2.     Raise Livestock

Raising goats, sheep, or pigs can be a time-consuming procedure, but it’s well worth the investment. Small Farm Nation offerssome critical insights for those of us who think that livestock farming might be perfect to utilize your vacant land. Just remember, it’s still a business and will take some effort to make returns.

3.     Summer Camp

There’s no shortage of demands for summer camps for kids. Setting up a location that you can rent out for churches and other youth organizations to host their summer camps is a good idea. If your vacant parcel is big enough, you can even invite people from other districts to stay over and make it into a temporary campground for the kids.

4.     Concert Venue

This sort of arrangement is what initially led to Woodstock. You can set up a stage and offer to host events for your local district, or just provide it to anyone who’d want to have a concert spot in the open air. You’d be surprised at how many people still enjoy open-air concerts, although logistics may be a problem if you’re not good at management.

5.     Outdoor Yoga Studio

If you’re a yoga instructor or know someone who can offer classes, you can rent the space to them or split the proceeds of their endeavor with them. Either way, you get to use your vacant lot, and you give someone a play to perform their trade. Either way, you both win!

Make It Count

Vacant land doesn’t help you just by existing. The value of rural land will remain low for some time, and selling it may not be under consideration. A lot of families that have had land for decades don’t want to part with it. However, by using these ways to help your land generate value, you can manage to make that land pay for yourself. Multiplying your income streams is the start of building a more stable economic foundation.