Are you looking for a new career opportunity? Perhaps you’re eager to get out of the office and find a job that allows you to work outside, in the open away from the stuffiness of the city and far from stresses of urban life. It sounds like you should consider entering the world of farming. Before we talk about how to make millions with this business enterprise, it is important to understand how to get set up the right way.
The first thing you need to do is buy some land. Unfortunately, you can’t run a farm without a heck of a lot of lands and if you don’t already own some, you’re going to need to invest. Right away you should see that this venture is going to be filled with risk, but it could still be worth it.
However, you can’t just go and buy any old plot of land. Make sure you work with a broker to find land that can actually provide you with the benefits you need. A basic example of this would be to make sure that you don’t buy land on a floodplain. This will obviously lead to a disaster and a more or less worthless investment.
If you do need money, then make sure you explore the possibility of a portfolio loan. This will allow you to get the money you need gradually, though it might take some time. It could take at least a few months, and you will need a good credit score to get the support you need, however, ultimately you could get the money to buy land and start setting up your farm.
Once you have the land, you’re then going to need to decide what on earth to do with it.
Choosing The Right Farm For You
There are three basic farm types to consider during the setup. You can either set up an arable farm, a livestock farm or what is essentially a mixture of both. You might decide that the best option is to get the best of both worlds. However, you do have to be aware that this will mean you get double the work. Although on the plus side it could also mean you’ll get double the profit.
You also need to think about the issues with livestock. If you have a problem with using animals for food, this probably isn’t going to be the right choice for you. And even if you’re not a vegan, then livestock still may not be your cup of tea. It can be heartbreaking work, and you really do have to learn to see the animals as a commodity to be essentially harvested rather than living breathing beings.
So, you might instead decide to focus on harvesting crops. However, this does mean you’re completely reliant on the seasons. If you get a bad season, then you’re looking at a poor level of crops, and ultimately that’s going to impact your profits.
As you can see then, there are advantages and disadvantages of each option. To keep things simple, let’s say that you’re going to set up a mixed farm. We’ll show the best way to do this and why it’s the most profitable.
Avoid Intensive Farming
The first step that we have to make sure you take is that you do avoid intensive farming. Intensive farming used to be seen as the best way for farmers to keep costs low and profits high. But the tide is starting to turn here because intensive farming also tends to mean that animals are kept in conditions that while legal are essentially the modern equivalent of battery farming. Battery farmers have been losing profits for a while now to free range alternatives, and intensive farmers will soon suffer the same fate.
You don’t want to be in that group, and a key example of this would be dairy farming. Dairy farmers who operate under intensive measures tend to keep their cows inside 365 days a year often in conditions where they have no room to walk around. You can see where the battery hen analogy fits here and these animals do often develop serious health issues which can ironically push the costs up. Instead, animals should be allowed to stay in the fields through the year and brought in for the winter. Purchasing a plot of land with a couple fields will allow you to keep the cows in one and work the land in the other for crops. That way, you can create two separate revenue streams that are not dependent on one another.
Purchase The Right Equipment
There are various different pieces of equipment that you will need to purchase for your farm to be an effective business venture. You’re definitely going to want to invest in the best machinery to maximise efficiency. So, when it comes to looking at trailer options, get the biggest and best on the market. You’ll be able to load up more harvested crops at once and keep things moving rapidly in your farming model.
You also need to think about automated milking machines if you’re entering into the dairy business. Automated milking machines can be used even when cows are not farmed intensively. The animals can be lead into the fields and through conditioning, milked on a regular basis with very little manual labour needed through the process.
Making Massive Profits
There are certain ways you can make massive profits through farming. First, make sure that you are running mixed farms with both crops and livestock. Keep things organic and avoid intensive measures. Do this, and you will be able to sell your products at a higher price to customers who will be willing to pay. Finally, make sure that you get the right buyers who will purchase your products at a fair price. Remember, as a farmer you also have to be a strong business owner, ready to protect the profit potential of your company.
If you succeed in this role, you should have no trouble loving living on the land while earning a solid paycheck.