| farmer1234 - 4/1/2025 16:50 So you’d go drop 18k on a well and hope for better water? It sounds like you’d be the one selling the farm. I’ve got way better things to spend 18k on, when it’d take 2 whole years for the pasture to pay for that well. That’s not much for ROI.
Except for the fact that the well SHOULD have a useful life of a lot more than 2 years.
The ROI on a $18k spent on a good well would be really good if you get $10,000 of rent/year instead of $2000.
3 years x $10,000 = $30,000 minus $18,000 for the well. Leaves you with $12,000
3 years x $2000 only gives you $6000. After 3 years you’re already ahead after paying for a new good well. Everything after that is gravy.
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Pasture rent price
