What to do with inherited farm land

[William A.]

My siblings and I inherited a small farm land that has been leased for for years. One of the 40 acre tracts generates about 5000/year in rent revenue. The land is debt free, and taxes are very low. Real Estate prices have soared in the last several years, and an acre of farm land is now worth between 6k to 8k. My thought is that I could get a better ROI by selling, and converting to another type of property or location.

Thoughts?

[Pat L.]

Originally posted by @William A.:

Another thought I had was taking out an "interest only" line of credit against the farm. This would allow me to invest in additional properties (and increase my ROI), while hanging on the farm. However, since I have two siblings, this might not be agreeable (or such a great idea).

 It maybe if they held the note !!!!