I may have an option to buy 50 acres adjoining me which is all trees (mainly scrub pine and sweet gum), or to buy 50 acres on the other side which is 60% pasture, but VERY run down and completely overgrazed (think hardwood floor).
The one that is current pasture will cost me twice as much as the one that is wooded.
The question is, would you rather buy the cheaper (wooded) one, clear it and plant pasture, or pay more for the poor pasture one and restore it? The use is to run beef cattle.
The one that is current pasture will cost me twice as much as the one that is wooded.
The question is, would you rather buy the cheaper (wooded) one, clear it and plant pasture, or pay more for the poor pasture one and restore it? The use is to run beef cattle.