Thank you men, I am not looking into Olive trees as an income as such.
Just thought I'd pop the question here before I do any research.
Have you ever owned a rural property before? Are you aware of the amount of work involved in just "looking after them", let alone harvests, etc?
My old dad used to say you can spend as much time on 5 acres as you can on 500.... Me, well we headed south to Tassie to get away from the 300 odd acres we have on the big island. Havnt had a regret since.
So, you arnt looking at them for income? To me, if you did buy the property, then dont let them become the opposite, and a millstone around your neck. Unless you want to (and have the time to) actively manage them and make $$ bulldoze the lot.... Time with family is more important.
There is at least one mobile processing plant about. 10 years or so ago back on the mainland when i was working for the TAFE someone came up with the great idea of teaching olive growing and processing. They went out and had a mobile processing plant made. It cost over $80,000. When the course was offered and enrolments failed to meet targets it was canned. The great piece of hardware was sold for about $20k.
So, if it were 20 or 50 trees, yep, an interesting sideline. Otherwise, think carefully and investigate a business plan.