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INSURANCE AGENCY NETWORK Blog

5 Beginner Pro-Tips for Farm Owners

5/3/2019

3 Comments

 
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Just thinking about starting a farm can be quite daunting. You may need millions for farmland, hundreds of thousand dollars for the equipment, investing in seed and fertilizers, and of course several farm animals to complete your farming business.
​
But, is it possible to start a farming business without having a pile of money? According to most successful farm owners, there is a difference between impossible and difficult. If you are really passionate about building your own farm, nothing is impossible. So here are some tips for you to follow to make a farming business thrive.
  1. Prioritize Difference
    To keep your farm sustainable, both environmentally and economically, you would have more diversity in your farming business. If you only have one crop in your farm, your business is more susceptible to collapse which means you’re in trouble.

    Therefore, to make sure your farm carries through, you should include different types of investments such as various crops, animals, plants, and others. 

  2. Sell Directly to your Customers
    Since you are just starting out your farming business, it is more likely that you only have a few workers with you or even none. Therefore, it means you won’t have enough people to help sell your harvests. But there’s nothing to worry about that as you can easily do it on your own.

    In fact, selling directly to your customers will make you earn retails. The more you build your relationship with your customer, the more likely your farm would grow.

  3. Look for Support
    If you have a couple of fellow farmers near your land, you should consider befriending them as farmer friends are invaluable. Not only would they share their experiences with you, but you can also ask for their advice or help in case you encounter some problems with your equipment or animals.

    Seeking for support from another farmer is a great way to help get you started. You can learn all kinds of experiences with them, which could give you ideas on how your farm could succeed.

  4. Lease Land
    ​If you currently don’t own a large land or farming equipment to start your farming business, then why don’t you lease a land that is part of an existing farm? This way, you are able to share some coolers and equipment, which make it easier for you to start generating savings and income.

    With the income and savings you’ve made, you can eventually take out a 30-year mortgage for your own land.

  5. Be Patient
    In our time today, most people live in immediate gratification, which means people prefer getting what they want instantly, rather than later. But not everything can be provided instantly. Difficult things like building businesses would take time to build and become successful, and usually, you’ll have to wait for years or decades to become successful.

If you really want to be a farm owner with a successful business, then you should be willing to put effort and patience daily to see the results.

Conclusion:
Farming can be successful if you’ve put a lot of effort and patience in making it successful. Aside from that, you should also learn how to listen and understand what your fellow farmers are advising you with for your growth. Make your development progress faster by following these pro-tips for your business.

At Insurance Agency Network, we put our clients first by offering them policies that they can afford. Having an insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (425) 681-0996. You can also request for a free quote by CLICKING HERE.
3 Comments
steele honda link
5/15/2019 04:46:30 pm

Thanks for pointing out that to make sure your farm carries through, you should include different types of investments such as various crops, animals, plants, and others. I also think that it would be smart to get farm insurance so that if you did have a problem with your farm you wouldn't be ruined because you would be covered. Thanks for the tips for beginning farm owners.

Reply
John Carston link
10/30/2022 09:57:54 am

I like how you mentioned that you should consider the economic and environmental solution for your planning. My cousin told me the other night that he was planning to have a farm insurance plan to be able to stand the risks of losing crops. He asked me if I had any idea what could be the best option to do when choosing an insurance company. Thanks to this helpful article, I'll tell him he can consult trusted farm insurance services as they can help provide more information for the best coverage for him.

Reply
Steve Smith link
3/8/2023 04:40:42 pm

I like how you mentioned that having a great relationship with farmers could benefit you by having ideas and options for a great farming experience. My brother informed me yesterday that he was planning to have a farm insurance plan to have protection against the risks of losing crops. He asked me if I had thoughts on the best option to do when choosing an insurance company. I appreciate this valuable article, I'll tell him he can consult trusted farm insurance services as they can help provide details for the best coverage for him.

Reply



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