Another wanna be farmer: Decision Taken - Want to go rural!

Yes, agri_exec, you are right. Although I am a newbie, personally I feel you cannot pre-plan and draw case studies without actually knowing where and what kind of land you will own and cultivate. It’s like counting your chickens before they hatch. When planning about bananas, do you know if the climate and soil will support the crop or what if monkey menace exists in that area? If it was so easy to earn a lakh per acre, why will a farmer sell his land in the first place? If you really want everything to go as per plan then go for green house farming near your city. Or grow exotic flowers/vegetables in polyhouses where the vagaries of nature can be controlled to some extent. Open land farming is susceptible to various factors most of them are uncontrollable and require lot of monitoring, hard work and time. Finally even if we get a bumper crop, we are not sure what price it will fetch in the market. And then you have to fight with diseases/virus/root rot/nematodes/soil deficiencies etc.
The best bet would be to go for timber trees over a gestation period of 7-8 years. After this you will become a crorepati and you need not even sell your land as you will have got back your initial investment several times over. I am not discouraging farming but only against inexperienced city investors expecting unrealistic guaranteed returns every year without considering the various risk factors and uncertainties in this field. Another factor is life-style. If you live far away from the city in rural area for a long time, you will lose touch with your friends and relatives and money will have no meaning then. Sorry, but this is my personal opinion/perception. Buy land but as a long term investment only.
Regds,
-JP