Buying a piece of property is starting a legacy.
When you’re looking at Santa Cruz Properties owner-financed lots, the possibilities are truly limitless. Our owner-financed lots in Edinburg give you exclusive access to lands that provide plenty of opportunities to build the home – or ranch – of your dreams.
If you are interested in developing a ranch, please consider the following information.
7 Vital Steps for Starting a Ranch
Come Up With a Business Plan
Just like starting any other business, you will want to have a solid business plan in place before developing your ranch. This step is crucial as it allows you to develop a budget for purchasing the land, ranch equipment, and any other type of asset.
While you will want to tailor a business plan to your specifications, you should consider including:
- A summary of your overall business plan
- A detailed description of what services or product you will sell
- Your sales and marketing plans
- Any financial documents, balance sheets, and a cash flow plan
- An operation plan
Once you have acquired a business plan, it is time to move on to the next part of building your dream ranch.
Hire a Certified Public Accountant
Hiring a professional, certified public accountant (CPA) will make your job as the owner of a ranch a lot easier. An accountant worth their salt will:
- Handle your taxes
- Determine how fast your ranch, as a business, is growing
- Determine how profitable your ranch has become
- Find out if your expenses are issuing out greater returns
You will want to enlist the aid of a CPA that has garnered a lot of experience working with farmers and ranchers.
Become Familiar With Local, State, and Federal Regulations
While you may think becoming a rancher just entails buying some livestock and building a pen, the reality is that there are many rules and regulations, at the municipal, state, and federal levels, that you need to become aware of.
The Texas Department of Agriculture’s Regulatory Programs website is a great resource that offers information on regulatory programs any rancher would do well to review.
On the same token, the U.S. Department of Agriculture’s Laws and Regulations U.S. Environmental Protection Agency’s website, can give any aspiring rancher some perspective on the requirements they will need to adhere to.
Find the Right Piece of Owner-Financed Land From Santa Cruz Properties
Contacting Santa Cruz Properties will be a vital step to finding the right piece of land to build your dream ranch on.
While securing a loan through a bank may be a bit of challenge for you, our service team is more than happy to help you find the best owner-financed lots in Hidalgo and Starr counties that will deliver a great value for your investment.
When deciding on land to build a ranch on, you will want to consider:
- Location – More specifically, you need to know just how far the market will be from your ranch, as well as the distances for suppliers and community hubs.
- Climate – The agricultural industry offers many unique challenges and opportunities. Do your research when it comes to what kind of livestock and crops would thrive on your owner-financed lot. In the Rio Grande Valley, temperatures range from hot in the summers to pleasant and warm during the winters.
- Land – Are there any particular resources of interest on your lot? How many acres is it? What about the topography? More importantly for livestock, what kind of water resources are available? Is there any type of natural vegetation that could be harmful to your livestock?
Secure Financing for Daily Operations
Running a ranch can become expensive and you will want to gather as much information as possible to best understand how much financing you will need to start up. Some factors to consider include:
- Costs for any improvements that need to be done on the property
- Costs of building necessary structures like your house, barn, pens, etc.
- Costs of the equipment you will need
- Costs for staffing (if necessary)
Normally, if you need assistance, an accountant can help you determine how much financing you will need.
Figure Out Equipment and Staffing Needs
This portion of developing your ranch can be one of the costliest, but there are a few options.
Research rental options instead of outright buying the equipment and tools you need. As with many other types of products, you don’t always have to go name brand either. But, still, you will want to read reviews on the brand, make, and model at the very least.
Chances are, if you are starting up your first ranch, you will probably be taking care of it by yourself or with your immediate family. If you are looking for a little something more wide scale, you will have to consider hiring staff to help you with the ranch’s daily upkeep.
Take into account how many people you will need to hire to take care of all of the jobs that need to be done. You can create a detailed job description that includes requirements for a ranch hand. After you have hired your new helper, take care of all the legalities at both the state and federal level. Your accountant will be able to help you with this.
Open for Business
There are just a few last minutes things to keep in mind before opening up for business. Your equipment needs to be set up and any staff you may have hired need to be tra
ined on how to handle said equipment and how to perform their daily tasks.
It is important to keep in mind that safety must always be a priority and that all of your staff members are following state and federal rules and regulations regarding ranch work, livestock, and other ranching aspects as well.
Start the dream of building your very own ranch today by contacting Santa Cruz Properties.
Running a successful ranch is within your grasp. Count on Santa Cruz Properties to help you find the perfect property.