How to Make Money on Your Land

What do willows, lavender, and cannabis have in common? Hint: it’s green.
These three profitable crops have an immense potential to generate a lot of money per acre. Each of these high profit cash crops grow in specific locations and require certain soil types to thrive.

Let’s take a look at how much money these crops can bring in per acre to show you what your vacant land could best be used for!

Willows: Make Money from Your Land by Selling Willow Cuttings

Willow trees are known for their love of moist soil that lets their roots grow freely. Like most plants they thrive in nutrient dense dirt and climates deemed by the Department of Agriculture as zones 2 through 9a. Plots of land near rivers or streams yet above a flood zone are ideal locations for growing these beautiful trees. These riparian areas are naturally fertilized by rains with the organic matter found in the waterbeds.

Willow trees are extremely profitable for their use by crafters and florists. These trees are easy to grow and maintain and the willow shoots and catkins can be sold to the Etsy crafters of the world for roughly $7 a pound! The willow shoots are used in arrangement bouquets, wreaths, and everything from basket weaving to furniture. Growers could harvest 4 – 5 tons of willow shoots per acre on their property.

That works out to roughly $56,000 per acre!

If you owned a 3.4 Acre River Lot in Cass County, North Dakota, you would have paid roughly $250,000 dollars for it. A nursery looking to grow Willow Trees might have to wait 5 – 6 years before turning a profit on their investment. However, if they were to lease your land, they would have less of an overhead from the start. They would be raking in about $190,400 with the 3.4 acre lot!

Lavender: The Sweet Smell of Money

Botanicals have become an ever growing market. Everything from aromatherapy to essential oils has people scurrying out to the woods to find that organic gold. Fortunately, getting involved in this booming industry may not be as difficult as it seems, at least from a financial view point. I’m an awful gardener and everything I touch either dies or breaks up with me, but I can smell a good investment from a mile away and it smells like lavender.

Growing lavender doesn’t require a large amount of acreage to be profitable. This crop is used in everything from dried lavender bunches in flower bouquets to essential oils. Lavender can also be the base product for many value-added products like sachets, herbal spa pillows, and skin-care and aromatherapy products.

The lavender plant requires slightly dryer soil with a somewhat alkaline pH between 6.7 and 7.3. The soil must be able to drain really well because standing water or humidity is a pet peeve for this versatile high-profit cash crop – and hairspray is not an option. Lavender does well in zones 5 to 9 so owning land in these areas puts you at an advantage.

The nation’s lavender capital is located in Sequim, Washington. This temperate climate is a perfect environment for lavender plants. The reason the lavender plants grow so well here is because it is nestled at the base of a mountain in the Olympic Peninsula where it is sheltered from the rains of the Pacific Northwest.

If you owned 2 acres of land in Sequim, Washington you would have paid $46,950 dollars for it. That’s $23,475 per acre. On a lavender farm, just a quarter-acre can produce about 3,000 bunches of lavender and from that you could generate about $18,000. That means for 2 acres of land you could make would make $144,000!

Cannabis: Running the Numbers for Fun!

Despite what your 16-year-old nephew says about the sweeping legality of marijuana throughout the United States, the reality is we’re still not there yet.

In most states, legal marijuana farms and dispensaries are restricted to growing 6 plants at a time, and only 3 of those plants can actually be in bloom. But I thought it would be fun to run the numbers to see just how profitable marijuana will be in the coming years and help you visualize a silly way to make on your land.

Soil type is very important to the quality of the cannabis that comes from the plant you grow. The nutrients that are absolutely necessary include, Nitrogen, Potassium, and Phosphorous. The soil type should drain well and be fluffy. Right now growing marijuana is restricted to a handful of states and if you own land in those areas then this might be something to consider in the coming years!

For example, if you owned 7 acres of land in Selma, Oregon, you would have paid $299,000 dollars for it. That means you shelled out $42,714 per acre. For a full-fledged marijuana farm, you could potentially plant 10,000 plants per acre. This amounts to 625 pounds of marijuana per acre of land. Word on the street is that the going rate for 32 pounds of marijuana is $32,000. That means for 1 acre of land you could bring in $640,000 dollars in revenue. With a 7-acre lot you’re talking $4.48 million dollars!

Investing in vacant land is usually a sound financial decision and good business investment. If you’re looking to park your cash, it’s a good place to turn. There’s an interesting way you can make passive income on your land through land leases. New or established agricultural businesses are always in the market for raw land. Whether they are in need of more acreage to expand their lavender farm or a small plot of land to begin their cannabis agri-startup, your land’s location and soil type could help determine what type of agricultural business would use your land.