Debate me, or whatever.
Debate me, or whatever.
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the initial investments you need to make to turn a profit on the farmland are way to high to make this worthwhile in general.
Apart from the massive amount of manhours you would need to run a farm you would also need a big monitary investment. If you would start a cropfarm for example you would need: The initial seeds themselves, Tractors and big machinery like ploughs, combines, harvesters, vertilizer, an irrigation system, good storage systems, insurance etc etc. Meanwhile cropyields are uncertain, (especially in first years), profit margines are low and under pressure by big retailers, competition is global and nature can be tricky.
The only chance to get profit would be to go into grapes and then make your own wine, would be my guess. Apart from this farmland probably being more expensive this would ask for even more investment due to the increased complex production process of the end-product (bottled wine).
I'd rather take the money from the 401k and spent that on whatever.