Real Estate News and Advice
November 23, 2009
Let Webcast City webcast your message. Free Daily Headlines E-mail from Realty Times Today's Insider REALTOR Secret


Search Realty Times
 




















NEED HELP?

Click for Live Support


Call: 214-353-6980








Canadian Business Rooted in the Land

Now that Thanksgiving and Halloween are over and done with, aggressive yuletide advertising is forcing Canadians to "think Christmas." However, one Ontario family welcomes the onset of Christmas festivities, in fact, they have put their real estate to work in the name of Christmas.

The Hortons have invested decades of effort in growing trees to help fellow Canadians celebrate Christmas.

The Horton family farm is one of the first Christmas tree farms in Ontario and Hal Horton expects Horton Tree Farms to be in the cut-your-own-tree business for years to come. The Hortons estimate that over 1,200,000 children and families have already visited their 6 farms and 400 acres of trees.

With his two younger brothers, Brian and Bert, Mr. Horton has built a flourishing tree farming business, which they hope will successfully finance their retirement.

"What started out as selling Christmas trees for six days in December, we turned into a corporation for selling trees that would support three young families," said Mr. Horton, who studied recreation facility management and land use planning before returning to the family farm to team up with his brothers.

"The initial idea was to acquire land at a reasonable price and crop the land for one rotation, which is almost 20 years. The first crop does not come in for 8 years and you're not out of the red ‘til year 10. This had to be an investment of time and money and we had to meet obligations ‘til then."

Now they are approaching the end of the twenty-year cycle they started in 1979.

Mr. Horton sums up their progress this way: "The land is appreciating and, after giving ourselves a modest income, there have been modest returns over the last 10 years from some of the first plantings. The land is for the most part paid for. We have kept anywhere from 8 to 30 part-time employees and 4 to 5 full-time employees -- that has been gratifying. The end results of the last planting are being realized now and for the next 5 years, but this is a winding-down process. So the long-term view is we must find something else to do, go into semi - retirement or retire."

Mr. Horton estimates that selling the farms they don't live on should give the brothers a reasonable investment income, which will eventually be supplemented by inheritances from their parents.

"What makes it easier is that our housing has been on the farm," said Mr. Horton, explaining that each brother has a separate house on the 30-acre family farm north of Toronto, which their parents bought in 1961.

"We just pay taxes, upkeep and maintenance and that is a bonus that came with the original farm."

This "have your home and money too" enterprise is a variety of home-based business repeated with variations in tree farms across Canada.

Published: November 21, 2000

Use of this article without permission is a violation of federal copyright laws.




Futurist and Strategist PJ Wade is "The Catalyst" -- intent on "Challenging The Best Become Even Better." PJ earned this title by translating the dynamic impact of Boomers and their multi-generation families into relevant insights that start people thinking and taking action—in business and in life.

Author of 7 books and more than 1600 published articles, PJ encourages individuals to become their own futurist. PJ writes and speaks about the insight, knowledge and solid decision-making skills that professionals and their clients need to live and work in this vortex of change. For instance, since PJ knows that home is headquarters for the new decades-long "unretirement," she wrote the popular book "Reverse Mortgages: Best Friend, Worst Enemy... Your Choice! (CatapultPublishing.com), which is filled with suggestions and insight on protecting and using home equity. Her new business book, "What's Your Point?," which identifies 7 common mistakes professionals unknowingly repeat to their detriment, will be published in 2009.

As The Catalyst, PJ provides strategic communication, client appreciation and advanced education services to the financial, tourism, lifestyle and service sectors -- and the clients they serve. A frequently-quoted financial and business commentator, PJ is a thought-provoking strategic speaker who offers practical, real-life suggestions on leaving "the box" behind and embracing Forward Thinking -- a talent she regularly demonstrates in this column. For more on blogs, books and topics, visit TheCatalyst.com.







Real Estate News Network

You must enable Javascript to view the Video content and Navigation on this site.





Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

Today's Headlines


Spotlight


Today's Insider REALTOR Secret



Agent Publicity | Market Conditions Interview | Local Market Conditions | Video Newsletter | Article Index | Terms & Conditions | Privacy | Contact Us

Copyright © 2000 Realty Times®. All Rights Reserved.