Out of my "farm area" would be ok.  Out of my range to keep an eye on the property... probably not.  I have friends who sold a significantly valuable commercial property they were managing to purchase an out-of-state apartment complex.  They got totally ripped off by the management company.  They spent 9 months on-site, renovating the property then sold it.  Sadly, they invested that money in a money scam and lost it all !  The moral of the story:  Stay local and keep an eye on your investment... or make darn sure you have a management company you can trust!!!

I prefer active income.  

Short answer, 'No' but my husband was commercial/industrial agent for 20 years and worked with all types of investors.  He is now happily retired.

John,

It depends on the quality of the investment.  If its a true triple net investment in a solid national tenant, then by all means.  If at some point you may need to manage, it is best to invest close by.  A

I think it is a good idea- I own 3 units in one complex and everyone comes to me for their real estate needs.  So not only is it  a passive income but it brings me active sellers.

Passive income. 

Who in their right mind would not like passive income.

Of course, more details would be needed.

Depends on your farm size.  If it is out of your area, it might be better to partner up with someone familiar with the area.  I have heard stories of investors who paid too much for a property because it was on the wrong side of the street.  Used comps from the other side.

Since my farm area is my county and part of the next one over, it's hard to find one outside of it!  However, I have no issues, so long as I don't have to go there very often... unless we're talking Maui or some fun vacation spot, then I won't mind going there often!

Well since my investment property is 500 miles north of me, I'm for it; but you need good resources and or a property management company to help...I wouldn't do it without local support I trusted.

John DL Arendsen 

Realtors do not have retirements. After being inactive in RE sales they depend on rental income to live on.  In our office 80% agents have income some running in negative initially. You are on the beach so short term vacation rental is what you should look for....

If it will make money the farming area does not matter.

If out of the area make sure you have good contacts.

All income for a full time REALTOR® is active income, but in the traditional passive income sense I have enough passive income not to have to work.

I take all income, passive and active. I like to see my passive efforts get and stay active

A farm can be quite small, say a few condo buildings or a one square mile community.  However, you may be familiar with a much larger area and be willing to invest elsewhere in that area.

Smart real estate investors gain knowledge on the market conditions before making their investments. 

Form a limited partnership and build apartments in your community.

Not sure if I know of any "passive" income property, but for my real estate investments, I like to keep my rentals within a mile of my office, but my timberland investments distance is much less of a problem.

It's not something that I would have an interest in at this time.