A one acre pond, your house and a barn/shop on two acres of ground will be very tight. I don't know about MS, but some places in MI you can only have 10% of your property acreage in water.

Where are you going to put the dirt that you excavate? If the avg depth of your pond is 7-10', that means you are going to raise the rest of your property 7-10'. If you haul it off-site, it will be very expensive unless there is a market to sell it.

1 Acre Pond with SMB, YP, LMB, GSF, RES, FHM, GSH, Papershell Crayfish, Pike
5.5 Acre Pond with LMB, BG

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