hello thanks for everyone for the help.
I have been working nearly for 25 years. In couple of years I will be 50. My father was a teacher in a primary school and we have agri land. Now he is 80 and retired. He was doing farming in the early hours and working as a teacher in primary school.
Now I thought of going back to farm. The problem is I have two school going children and they plan to study engineering/medicine in two years time.
I have some life time saving and little cash part of my retrenchment package. I have monthly mortgage loan to pay for my house.
So I need to carefully plan.
At this age I am finding bit difficult to get job. So Planning to start a farm.
Land 1- 6 Acres
My family have about 6 Acres of dry land (Free electricity in well. but well do not have water dried up) I may need to put bore well. The dryland is located in Tirunelveli District near Radhapuram. Near to my land there is a lake which also dried . I think if I put bore well I may get some water.
The climate of Tirunelveli is generally hot and humid. The average temperature during summer (March to June) ranges from 28 °C to 41 °C (106 °F), and 23 °C to 35 °C during the rest of the year. The average annual rainfall is 680 millimetres (27 in). Maximum precipitation occurs during the northeast monsoon (October–December).
Land II, 2 Acres
My family also have 2 acres of Agri land. This contains coconut the yield is poor as my father was unable to maintain and take care. Now hardly get 300 coconuts every two months. I am willing to completely change coconut to something else. This land is located in Kanyakumari district which is about 40 KM from my other land. Typical weather is 23 °C to 31 °C in (Oct-Dec) and 30 °C to 38 °C ((mar-june)
I am willing to invest up to 10 Lakhs cash and 10 lakhs loan and wait at least 1 year. I will be able to sustain one year with my savings.
My question is
Given my bank loan for my house my children expenses for studies, parents medical expenses and agri loan etc I need at least rupees 1.5 to 2 lakhs income every month.
Is it possible to generate with my investment and full time involvement.
What should I do? where should I start? What crops are suitable?
Is organic vegetable good option?
any possibility to export? What formalities?
some of the options to evaluate, Goat farming, Mushroom farming and green house/polyhouse vegetable or flower farming.
Can you please share your experience and advise so that I can take informed decision. I appreciate your help.