There’s a lot more to running a farm than just riding on a tractor all day. Before you give up your city dreams and invest in a big red barn, here are just a few things that you should know about owning or operating a farm.
1. Have a Niche
While there’s nothing wrong with experimenting with different types of crop- and animal-raising, you should have at least one business venture that you consider a niche. For example, you might classify yourself as a “dairy farmer” or “sheep herder.” This is how you’ll make enough money to keep moving forward.
2. Hire Good Workers
While you might have dreams of rocking on the patio as the sole master of your domain, the truth is that farms are a lot of work, and you’ll probably need some help with the daily chores. Be sure that you’re hiring good workers, however. Look for people who have experience with things like agriculture and livestock.
3. Network With Other Farmers
As with any job, networking has its benefits. If you can do a few favors for a fellow farm owner, they might be willing to scratch your back when you need something in return. Keeping up with the industry is also a good idea if you want to know about any laws or regulation changes headed your way.
4. Don’t Cut Corners with Equipment
Go ahead and spend the money on high-quality farm equipment. It might cost you a lot of your capital upfront, but it’ll pay for itself very quickly if you’re running a full-time operation. Just make sure that you’re looking at good brands like tractor supply Hay Spear; you don’t want to waste your funds on manufacturers that aren’t worth it.
Running a farm isn’t as easy as it seems in the movies. You’ll need to be smart, cautious and dedicated to your work. If you’re willing to roll up your sleeves and get dirty, however, you should start to see the fruits of your labor very soon. Good luck! Happy farming!Read More