Purchasing land for the future

Asked January 2, 2018, 4:35 PM EST

I am looking to purchase land and need to find the right balance between something my family and I can enjoy as a retreat/vacation or mountain home as well as I would like to get some property that I can create some type of small operation on. Ideally, I would like to be able to put horses on it, grow some type of crop or have good hunting land. I need help in understanding the options available to me as well as putting together a business plan.

Colorado horse pasture business plan hunting small acreages

1 Response

There are enterprise budgets and other ag business planning resources for Colorado at the CSU Extension Agriculture and Business Management website - http://www.wr.colostate.edu/ABM/smallfarm.shtml
These resources should help give you an idea of costs and options for crops in Colorado.

Because Colorado's elevation and climate are so diverse, there are various options and limitations for growing crops. Once you narrow down an area, you can contact the local Extension and USDA-NRCS offices to discuss crops.

Water is the limiting factor in Colorado for significant pasture and crop yields, you would need to have water rights to irrigate the property.

Landowning Colorado Style is a good overview of the things to consider when owning land in Colorado - https://csfs.colostate.edu/media/sites/22/2015
/03/landowning_guide.pdf

Also check out the Small acreage Mangement website for more resources - http://sam.extension.colostate.edu/