Turning Hobbies into Hobby Farms
When you think of farming, a specific image probably comes to mind: a big red barn, cows grazing in a nearby field and crops of corn dotting the horizon. It’s certainly the traditional farming scene, but it’s not the only one.
Hobby farming offers new and exciting avenues for people to connect to the land, develop distinct agricultural skills, and turn a passion project into a profitable venture. Here are some of the top trends we’re seeing this year:
- Vineyards- The allure of crafting your own wine has captivated many hobby farmers. Vineyards offer an opportunity to cultivate grapes and produce your very own signature wines. From selecting the right grape varieties to mastering the art of winemaking, this trend invites you to explore the world of viticulture and savor the fruits of your labor.
- Pecan Farms- Pecans have gained significant popularity in recent years due to their versatility and nutritional value. Establishing a pecan farm allows you to nurture these majestic trees while harvesting a bountiful crop. From selling pecans directly or creating value-added products like pecan butter or roasted pecans, there are ample opportunities for profit in this tasty trend.
- Vineyards- The allure of crafting your own wine has captivated many hobby farmers. Vineyards offer an opportunity to cultivate grapes and produce your very own signature wines. From selecting the right grape varieties to mastering the art of winemaking, this trend invites you to explore the world of viticulture and savor the fruits of your labor.
- Equestrian Delight- For horse lovers seeking an immersive experience with these magnificent creatures, equestrian farms provide an ideal hobby farming avenue. By offering boarding services, riding lessons, or even breeding horses, you can create a unique equine-centered community while indulging in your passion for horses.
These are just a few of the many hobby farm purposes we’ve noticed popping up, and you can see why hobby farms are more popular than ever with a range of buyers. However, many rural homes and hobby farms fall outside traditional lending guidelines, making it more difficult for lenders to extend financing and buyers to secure the loan they need.
Helping buyers achieve their hobby farm dreams
The RuraLiving® mortgage program was specifically designed to meet the needs of lenders and their hobby farm clients. RuraLiving allows banks and credit unions to originate and close rural property loans that are then reviewed and serviced by RuraLiving.
By partnering with RuraLiving, you gain a team of unique property specialized experts, reducing your risk and guesswork, and offer new loan products to your customers. It’s a win-win-win!
To learn more about RuraLiving and if it’s right for your organization, visit us here, contact us at 507-385-4965 or [email protected].