Farming is interesting for some people who love it. Whether it is a hobby or business occasion, farming is very profitable. However, for some people who do not have experience in farming, it will be difficult and complicated to do it. What to start, what to plan, and how long to get the result? You should do a lot of experiments on micro-scale first. For example, before you try to plant an acre worth of vegetables, plan a much smaller patch, and take the time to address and learn the problems that may arise. After enough time, you will be able to develop your farming skills and expand it. If you want to start a farm business, you need to consider the following factors:
1. Learn About Farming
You can’t skip this step if you want to be a successful farmer. This is a very important thing that you have to do first before you start your farming activities. You have to learn everything you can about it within the time you have. However, you have to be reasonable too, it is impossible to learn everything there is to know. Some learning will have to be on the job, and you will face the trial and error process. It will also lead you to time-consuming and sometimes costly but don’t worry, embrace the process and you will get something to learn and improve it. There must be a balance between the processes. If you can find a mentor that can teach you anything about farming, that will be much better. Otherwise, if you don’t have such a helpful mentor, you can try to work on a farm or become the volunteer to gain experience and knowledge before you begin your own farming.
2. Design and Plan Your Farm
Another important part of starting your farm is to define what it will be. Do you want to have a small or microscale farm? Do you plan to grow acres of hay for another farmer? Maybe you want to have a diversified farm depending on what you prefer to do. You might even wonder how to build an agro-tourism farm so that every people will come to your farm and they will learn something from your farm. They will also stay to watch the working process of your farm and even participate in farm chores.
– Write a Business Plan
If you want to start a business, of course, you have to write a business plan. You will consider markets, supply, and demand, as well as anything and everything that pertains to your farm operations, management structure, financial analysis, products and price points. There is an interconnecting relation between design and plan. A business plan is a significant enough part of starting a business to take up an entire step.
– Get license and permits
The different region will have a different kind of laws. This is very important because it is related to the legalization of your small farm. Your local laws may vary but there are two things that should be fulfilled. Register your business name, purchase a business license, get an employer identification number, and carry product liability insurance.
3. Set Up Finances
The first thing to consider is to decide on the business structure. Will this be the proprietorship, an LLC (Limited Liability Company) or other else? You have to get a contact with an accountant to get information specific to your situation. It will be very useful if financial planning is in your business plan. It’s also essential to set up a system for bookkeeping and accounting from the start of your small farm business.
4. Grow Your Passion
Farming is hard work, everyone knows it. You have to do all the things on your own. It will be exciting if you grow something that you love. Like Apples? Then grow apples, for Pete’s sake. If you grow what you’re interested in, it will help to make those difficult days better when the things get rough and things don’t go your way. It makes sense, but we often find our decisions driven more by finances, tradition, or inertia than by something we truly like. Go out on a limb, and grow heirloom apples if you want. Consider it as your first reward. There will be more to come. Be prepared for the unexpected. Always review your business plan and make changes as needed as new ideas, new thoughts and new issues come up.
In the wise words of Gregory Heilers, “There is always something else to do. You’ll run yourself ragged trying to get it all done. Take some time to stop and smell the manure, err…flowers. […] you can get more done in six days out of seven than you can work in seven days a week. Prioritize, organize, and build efficient systems.” We hope that this article will help you to start your farm. Keep the spirit and happy farming!