I'm about 12 miles from Welshpool.. so hello neighbour!.
As to what you do with the land... well depends on loadsa factors: what it's like, wishes, energy, enthusiasm, time and whether you want the hassle etc: anything from 10 acres of fodder maize to a stray sheep sanctuary... or go into competition with Penarth Vinyard and stick in some grapes.
My acreage is more just somewhere to walk the dog, enjoy and spoil some pet sheep.. with enough veggies, fruit etc that i give more away than eat myself.