If you want to be your own boss and live off the land, you may be interested in getting started in farming. Owning a farm may be a worthwhile endeavor to pursue whether you are looking to grow food for your family or are looking to make a profit from your efforts. What should you know prior to buying land or equipment that can help to make your farm a successful one?
How to Start a Farm
Starting a farm requires some advance planning on your part. For instance, you will need to know what types of crops that you want to grow as this will determine how much land that you will need. You should also have an idea as to what types of crops grow best in the type of soil that you have. Finally, it is important to understand how market conditions may impact your ability to make a profit from what is grown on your farm.
How to Start a Small Business in Agriculture
If you want to start agriculture business, it may be necessary to register as one with local or national tax authorities. You may also need to learn about, understand and remain in compliance with any employment laws that apply to your farm. While some of your workers may be seasonal or considered independent contractors, this may not be the case for all of them. It may be worthwhile to consult with an attorney prior to hiring your first employee.
What Type of Equipment Will You Need?
It can be time consuming and labor intensive to try to plant, water or pick crops by hand. Therefore, you will need to buy tractors, tillers and other heavy machinery to ensure that tasks are being completed in a timely manner. Equipment that runs off of a small diesel engine may be among the most affordable for those just starting their farm. Keeping Kubota spare parts on hand may make it easier to make repairs if equipment breaks down, which reduces unnecessary downtime.
How Much Land Will You Need?
If you are just growing simple crops like fruit, vegetables or flowers, you may be able to produce what you need with 50 acres or less. However, if you produce grain crops or decide to have animals on your farm, you may need as many as 1,000 acres of land or more to meet your needs. Government grants may provide financial assistance to help you purchase land and cover other costs related to operating a for-profit farming endeavor.
What About Housing?
Most farmers will live either on their farmland or relatively close to it. This may mean that you need to account for the expenses related to buying land and building a house on the land that you have purchased. It may also be necessary to build a barn and stalls for your animals if you have any. Silos to store grain or other crops until they can be sold may also be a necessary expense to account for when starting your farm.
How Much Time and Effort Are Required to Be a Farmer?
You should expect to spend most of your day working the land. If you have animals, you may need to wake up at the crack of dawn to feed them and clean their stalls. It may also be necessary to gather them up to bring them home late in the evening or whenever the sun goes down. Planting and harvesting seasons tend to be especially busy as they have the biggest impact on how much a farmer may make in a given year.
Starting an agriculture business can be a great way to make money and provide a better life for yourself and your family. However, it is not something that you can do without proper planning and business acumen. It may be worth your while to consult with an attorney or a financial adviser before you start your farm to ensure that you know what you are getting into.