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Good day fastlaners!
I am in need of advice!
Two of my friends and me in a year from our jobs will accumulate roughly 50k euros to spend.
We were thinking about buying a 3 hectare/ 7 acre land in Spain to grow olives, which we would turn to oil and export to America.
We'd need to buy a land for roughly 30 to 40k euros and the equipment for 10k more.
After 3-5 years the olives would start to produce roughly 10k euros/hectare minus the water, packaging, shipping, taxes, so around 20k euros per year after everything is deducted and divided for three people.
I might be wrong on the estimates or/and the calculations, but that's why I'm asking you people, to correct me on this and give me a better viewpoint on this subject. Also we know that this is pretty scaleable in terms of long term growth since you can buy more land, better equipment and such, but that would take like 10+ years for us to be able to live lavishly.
We are really down for anything and we don't mind not seeing results for a while or risking some money so there is that. What is your opinion, idea or thought regarding this.
Our experience is not so great on this behalf, but after a little bit of research this is what we concluded. Mentionable also, is that one of my friends doesn't really like the idea and mostly sees the negative and possible bad outcomes in this, that's why I am asking you guys.
Thank you for reading this! I'd love to hear your thoughts!
I am in need of advice!
Two of my friends and me in a year from our jobs will accumulate roughly 50k euros to spend.
We were thinking about buying a 3 hectare/ 7 acre land in Spain to grow olives, which we would turn to oil and export to America.
We'd need to buy a land for roughly 30 to 40k euros and the equipment for 10k more.
After 3-5 years the olives would start to produce roughly 10k euros/hectare minus the water, packaging, shipping, taxes, so around 20k euros per year after everything is deducted and divided for three people.
I might be wrong on the estimates or/and the calculations, but that's why I'm asking you people, to correct me on this and give me a better viewpoint on this subject. Also we know that this is pretty scaleable in terms of long term growth since you can buy more land, better equipment and such, but that would take like 10+ years for us to be able to live lavishly.
We are really down for anything and we don't mind not seeing results for a while or risking some money so there is that. What is your opinion, idea or thought regarding this.
Our experience is not so great on this behalf, but after a little bit of research this is what we concluded. Mentionable also, is that one of my friends doesn't really like the idea and mostly sees the negative and possible bad outcomes in this, that's why I am asking you guys.
Thank you for reading this! I'd love to hear your thoughts!
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