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by londons_explore 655 days ago
I've been mulling over buying up farmland and planting trees and then just sitting on it for 20 yrs to capitalize on it.
2 comments

If you buy a forest of trees planted 20 years ago it will be cheaper than farmland, and you may be able to take income from thinning from day one.
In the us sometimes people do that because of an agricultural exemption to property taxes.
Some states call it different things but most call it in "Current Use." [0]

If you want to take the land out of Current Use, you'll usually have to pay the back taxes first.

Around my parts, it's seen as a very good program as it promotes natural growth. It's also great for protecting wetlands that wouldn't be buildable anyways but can now be protected at a lower cost.

[0] https://www.forestsociety.org/advocacy-issue/current-use