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WHY DOES TEXAS BEAT OUT CALIFORNIA IN FARMING?

Owning a farm in Texas vs California

BE READY TO MAKE A MOVE BECAUSE WHEN THE MARKET SHIFTS – IT ALSO GETS COMPETITIVE!

Why are people leaving California to start farms in Texas?

Even with high property taxes, it’s still more affordable to become a farm owner in Texas than it is in California. … Texas has no state income tax, so in general you will keep more money annually here from your business. 

WHAT YOU NEED TO KNOW​

As far as ranches are concerned, Texas has the most family owned farms of anywhere in the country. Close to a quarter million farms call Texas home and for good reason; there’s a lot less regulation and taxes around farming in Texas than other states. It’s decidedly more profitable to farm in Texas. In the United States farms are classified based on the farm income and government payments into six sales classes. Texas is sitting at number one for number of farms nationwide in 2020. California was further down on the list at number 35.

California’s infrastructure was ranked at 32 and Texas was ranked in 6th. As far as cost to operate, Texas was at 20 and California was at 50. 

Overall, even though there’s no shortage of workers in California, the regulations on farms are driving many farm owners to close up shop and make a break while they’re still ahead. It’s very understandable why even farmers are making the move to the wide open spaces in the beautiful state of Texas. 

For more information on owning land in Texas, reach out to our team. We are happy to help you buy your own little slice of the farm life pie in Texas. 

Resources

Stay in the loop with more market insights and trends from the Live in Texas Team. For personalized advice, tailored to your real estate needs, don’t hesitate to reach out. Visit facebook.com/liveintexasteam and instagram.com/liveintexasteam for real time updates on social media or call/text us at 430-588-0080.

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Phone: 430-588-0080

Email: hello@liveintexasteam.com

615 Main St Suite 114

Frisco, TX 75034

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