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| 1. Save for potential opportunities to add ground while doing what you can yourself
2. Soil test and lime where needed.
3. Pattern tile trouble spots and terrace work where needed, but if you find buying opportunity with a troubled field, and the selling price reflects it being a troubled field, quick turnarounds are possible with some tile and terraces in my experiences, so 1. and 3. can potentially merge.
4. Row shut offs
So for a poor analogy and expanding on #3,, we found a house last year that tanked in price with years of neglect but you could see the potential, so we bought it and rehabbed it mostly ourselves and could potentially sell for a decent profit right now if we were flipping.
Going back a few years, bought some land that needed some terracing and some tiling in a couple troubled spots, and went right after addressing those issues ASAP, in large part because I strive to be responsible in not allowing glaring issues to continue unchecked.
Perspectives change quickly, as now have had a couple neighboring farmers tell me I stole it, which I didn't, as it sold at public auction and they were there, and then I promptly invested into it, but even w/o considering the huge recent runup in land values, I think it would sell significantly higher now than when I bought it.
Have also had experiences farther back in buying troubled fields that only had one glaring issue holding it back, which was drainage. Pattern tile in those examples can fix them pronto, at least in conjunction with no-till in my experience. Those might be harder to find now than it used to, but there's still opportunity out there.
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Establishing Priorities
