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Land prices and development in some areas of the country are just crazy ridiculous.
Sounds to me like you are in one of those places, and the long and short of it is that unless you have a ton of FU money, setting up a nice little homestead or hobby farm is cost prohibitive.

Just as well accept this fact and start looking elsewhere, or settle on something affordable that will likely be very small.

You could easily acquire 50 acres with a liveable house for that $300k price range in many parts of the country.
 
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