Three Costs To Consider Before Purchasing An Olive Farm
Owning an active olive farm can be a very rewarding experience. You get to produce foods that others can enjoy -- from ripe olives to olive oil. However, owning such a farm is not for everyone. There are a lot of expenses involved, and it's easy to get in over your head if you don't plan for them properly before buying the farm. So before you buy an olive farm for sale, make sure you have a plan to cover these related costs.
Manually picking olives is extremely laborious, and it's also a bit dangerous since the tree branches are a bit sharp and often poke pickers in the eyes and face. If you're growing more than a tree or two worth of olives, you'll need an olive harvester. This is a machine that essentially shakes the tree branches and catches the olives in a soft vessel below. Prices vary widely; you may pay a few thousand dollars for a used harvester or tens of thousands for a new one.
Olives picked straight off the tree are not delicious to eat. They contain a bitter compound called oleuropein that has to be removed before you can eat them. While some olive farms process the olives to remove this compound on-site, most send the olives away to a processing facility to have this done. It's a good idea to look for processing plants in your area before you purchase an olive farm. Ask what they charge, and factor that into your budget when deciding how economical it is for you to own and run an olive farm.
Olive trees are quite finicky. If they are not properly pruned and fertilized, productivity with plummet. You can certainly learn to prune and fertilize the trees yourself, but classes to learn how to do this are a cost you'll have to account for. If you choose to hire a tree care service to prune your trees instead, you'll have to cover a bill for them once a year -- in the early spring. Plus, you'll have the cost of fertilizer and the high water bills from irrigation. Some olive farmers choose to have a well drilled on their property so they can use the (free) water from the well to water their crops.
Owning an olive farm can be enjoyable, but it also brings with it plenty of costs. Make sure you have a realistic view of your finances before purchasing your own farm.