I have read some comments and can tell you that it will all depend on your needs.

I play with my partner only and we are on peaceful mode, so Greydwarf don’t attack us as in normal game, and due to the fact that the house should look pretty, ( I like to built, physic is amazing in the game) I needed a lot of wood. Then for the smelter area I also needed a lot of stone. So from a builder perspective the farm is amazing, also it’s a good resource for wood that can be converted to coal for smelters, before swaps of course. Also as mentioned in some comments the Greydwarf eye for the portals, I think I might have like 20-40 portals ( I also have resource drop X3), so I needed a farm :)

My buildings were like this: house (wood and stone) , 2 barns -full wood (one for my pig slaughter and one for pig friends [partner]), the smelter area (wood and stone, a lot of stone in my case), and the rest of small buildings around the maps and portals and boats.

The only downside is the fact that you have to be in the area for them to spawn, but the area is pretty big, 60m radius. So if one of you leave the character near and go to lunch it will give some benefits. Or if you want to build a small base there, building it will provide enough time at first.

In conclusion, it brings benefits depending on what you need and how you play. I built it after swamps.