Your homestead land is an excellent investment, and many don’t realize how much income can be gleaned from their property. Whether you recently purchased your first homestead, or your family has owned land for generations, there are countless ways to earn income from your homestead and create a profitable homestead.
These are five great options, ranging from goat milk soap to creating fishing ponds, that offer multiple income streams so you can begin to earn a profit from your homestead right away.
1. Honey Creates Endless Items
By becoming a beekeeper, you open your homestead to endless ways to earn a living. Each depends on your interests, what type of properties you’re near, and what else you may grow on your property.
For instance, if you live in an area with many orchards and flowering-tree farms, consider offering your bees as a rental pollinator service. When the job is done, the bees will always come back to whatever vehicle you transported them on, as long as you have the queen in the hive.
If you grow flowers or other plants with strong scents and medicinal qualities, you can create beeswax candles, beauty products, soaps, lotions, or dozens of other fun products combining these items.
On the other hand, you can always sell the honey and honeycomb that your bees produce. This can often bring a good profit and is an incredibly popular product that never goes out of style.
2. Use Animal Milk Besides Cows
Cows may be the most popular dairy animal, but there are more options out there than simply using cows. Other popular dairy animals that many homesteaders like to raise are goats. Goat milk has a stronger flavor and there are plenty of items created with it because of its natural vitamins and health benefits.
A popular item many farms go with is soap. There are countless goat soap benefits, from the rich fatty acids that keep skin moisturized to the gentle cleansing that keeps away acne and other skin imperfections.
You can also sell goat milk in all 50 states but understand that it must be pasteurized to cross state borders.
When you’re not milking your goats, they can take in a lot of plant life and food, so an extra opportunity for income is renting them out to local property owners for an afternoon of “mowing.” You can gain $350 to $750 per acre of land cleared, which takes care of pesky plants that the property owner wouldn’t want to try to mow through. This also gives your goats an extensive range of greens to consume.
3. Create Storage You Can Rent Out
Storage is a necessity for many people since we all tend to buy more than we have room for, and many families inherit items that can be difficult to let go of. If you have the extra land, consider creating a storage space where people can rent out a locker or other area where they can leave their items.
This type of facility can be small lockers or a huge shed, and it depends on the kind of storage needed in your area and how much land you have. Renting out space specifically for the type of community you live in is an awesome way to make some extra money.
4. Breed and Raise Fish
Fishing gained popularity again in 2020 during the pandemic. People wanted a way to get outside and enjoy nature and needed an activity that didn’t require a lot of thinking or social interaction. Fishing was a natural choice, and many turned up to enjoy taking part in this sport.
Because of this, property owners that created feeder ponds and rented them out have made a lot of money. So if you have a pond on your land or enough space to put in a pond, creating a space like this will give you the chance to gain some easy money while also getting to sell fish on the side if you choose to.
5. Rent Out Areas of Your Land
Beyond storage, renting out portions of your land can be an incredible way to make money on homestead land. This could mean renting out farming tracts or creating small cabins or barndominiums where people can live or rent as vacation destinations. Of course, you’ll have to heavily consider the security of your property and how much time you can devote to it, but it’s a great way to make some extra money while getting to put in as much work as you want to create a safe space for your customers.
A Homestead Can Be An Endless Source of Income
Homesteading doesn’t have only to be growing vegetables or raising livestock. There are myriad ways to make money from these properties, even if you’re new to the industry. So don’t be afraid to try a couple of these options to find what suits you best.