I need your opinions on buying agriculture land.
Background: I am an NRI IT guy, working in UAE for 10 yrs, planning to settle down at my native after 5-7 yrs. my passion, ambition, etc, etc… everything is buying agriculture land and doing farming. No second thought on this. I was looking for around 10 Acres @ 5-6 Lakhs/acre near my native place thanjavur, tamil nadu for last 3 yrs. recently, I found about 13 acres of land near river bed @ 6L/acre which has very good road access, bore well and free EB connection. No idea about soil. I will share the details soon. I would spend around 80L on this land. many of my relatives and friends advise me not to invest on agriculture land. I simply ignore them thinking that agriculture will be the future. I know and understand that agriculture is not simple, but hard work and innovative thinking could yield good returns. there are many people in this site are example for this. I don’t expect 1L/acre/year. I should get at least a decent income. I am planning to grow some trees on the land for next 5-7 yrs which will require minimum maintenance and manage from out side, once I return to India i will do the full time farming. I request you experts please share your opinions and advise on this whether my decision is right or wrong.