Contact Us: (425) 681-0996
Insurance Agency Network
  • Why IAN
    • Why IAN
    • Join IAN Benefits
    • Build with IAN
    • Grow with IAN
    • Succeed with IAN
    • Become an Associate
    • Join IAN Today
  • About IAN
    • About IAN
    • Mission & Vision
    • IAN Story
    • Meet the Team
    • New Associates
  • Carriers/Partners
    • Commercial Insurance
    • Personal Insurance
    • Farm Insurance
    • Flood and Earthquake
    • Bonding and Surety
    • Workers Compensation
    • Life/Disability Insurance
    • Health/Dental/Vision
    • Specialty Insurance
    • General Agents/Surplus Lines
  • Technology
  • Programs
  • Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Workers Compensation
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Condo Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Farm Insurance
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
    • Health >
      • Group Benefits
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Advantage Plans
      • Vision Insurance
    • Other >
      • Event Insurance
      • Pet Insurance
      • Travel Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • Associates
    • Refer an Agent
    • Blog
    • News
    • Newsletter Signup
    • Agent Testimonials
    • Find an Expert
    • Accessibility Statement
  • Vendors/Services
    • ADP
    • Agency Revolution
    • Agentero
    • Applied Systems
    • Archway Computers
    • Blue Jay Reviews
    • Bold Peguin
    • Bonjoro
    • Bridge
    • Brightfire
    • Canopy Connect
    • Capital Premium
    • DocuSign
    • epay Policy
    • EZLynx
    • Forge3
    • Formstack
    • GoDaddy
    • Google Workspace
    • GoToConnect
    • Grasshopper
    • Hawksoft
    • IBQ Systems
    • Indio
    • InsuranceSplash
    • ITC
    • Levitate
    • Malwarebytes
    • Ooma
    • Relativity6
    • Ring Central
    • Rocket Referrals
    • Semsee
    • ShareFile
    • Tarmika
    • Vertafore
    • Virtru
    • Wahve
    • Wingman Cyber
    • zix
    • Zywave
  • Access Online Documents
  • Contact
    • Communication Preferences
  • Why IAN
    • Why IAN
    • Join IAN Benefits
    • Build with IAN
    • Grow with IAN
    • Succeed with IAN
    • Become an Associate
    • Join IAN Today
  • About IAN
    • About IAN
    • Mission & Vision
    • IAN Story
    • Meet the Team
    • New Associates
  • Carriers/Partners
    • Commercial Insurance
    • Personal Insurance
    • Farm Insurance
    • Flood and Earthquake
    • Bonding and Surety
    • Workers Compensation
    • Life/Disability Insurance
    • Health/Dental/Vision
    • Specialty Insurance
    • General Agents/Surplus Lines
  • Technology
  • Programs
  • Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Workers Compensation
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Condo Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Farm Insurance
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
    • Health >
      • Group Benefits
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Advantage Plans
      • Vision Insurance
    • Other >
      • Event Insurance
      • Pet Insurance
      • Travel Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • Associates
    • Refer an Agent
    • Blog
    • News
    • Newsletter Signup
    • Agent Testimonials
    • Find an Expert
    • Accessibility Statement
  • Vendors/Services
    • ADP
    • Agency Revolution
    • Agentero
    • Applied Systems
    • Archway Computers
    • Blue Jay Reviews
    • Bold Peguin
    • Bonjoro
    • Bridge
    • Brightfire
    • Canopy Connect
    • Capital Premium
    • DocuSign
    • epay Policy
    • EZLynx
    • Forge3
    • Formstack
    • GoDaddy
    • Google Workspace
    • GoToConnect
    • Grasshopper
    • Hawksoft
    • IBQ Systems
    • Indio
    • InsuranceSplash
    • ITC
    • Levitate
    • Malwarebytes
    • Ooma
    • Relativity6
    • Ring Central
    • Rocket Referrals
    • Semsee
    • ShareFile
    • Tarmika
    • Vertafore
    • Virtru
    • Wahve
    • Wingman Cyber
    • zix
    • Zywave
  • Access Online Documents
  • Contact
    • Communication Preferences

INSURANCE AGENCY NETWORK Blog

Start Your Farm With These 3 Steps

3/25/2018

1 Comment

 
Picture
Are you more of a country person? Would you rather work from home and out in the open country? City life is not for you, and you are the type who likes to get down and dirty. If nature and agriculture is ingrained in you, then you may want to start farming. There are many options for farming if you are looking into getting into this industry. There are also many considerations you need to think about. Here are the 3 big steps you will need to take when starting your own farm.
Determine what kind of farm you want to do

A typical question when planning for a farm is “how much will it cost?” Well, the answer really is, it depends. There is no specific number because it will greatly depend on the type of farm you will create. What are the crops you want to grow? Do you already have land or a facility for the farm? Does it match the crops you will grow? How big of a farm will you build? What are your financial goals? These are the questions you will need to answer before you are able to do anything.


Check the demand for your product

How did you decide on the crops you will grow? Is it because you are a specialist on these crops? Does it fit your facility or land? Is there a demand for it? Figuring out how big of a farm you will need will also depend on the demand for your product. For many larger investments, they already have an agreement with supermarkets or stores that they will supply for. They know how much crops they need to supply and build according to it.

This may be difficult for smaller farms. Large stores or groceries will not enter in an agreement with start ups as it is risky for them. It is best to start with a small customer base first. Then attract and grow your base as you go along. If you are a first timer, you may want to start small as well to limit your risk. This also enables you to grow into your experience as you go along.


Work on the financials

The last step for your planning is figuring out how to fund it.  Do you have the money already? Are you borrowing from family or friends? Do you have an investor? Are you getting a loan? After determining how much you will need by planning all aspects of your farm, it is time to secure your funds.  


Starting your own business will always carry risk. You can limit those risks by having the right coverage to protect you. Since you usually live in the farms as well, coverage is unique as it combines personal and commercial protection. At Insurance Services of the West, LLC, we work hard in making sure that our clients are well-protected with policies that they can afford. To learn more about how we can help you, please contact our agency at (425) 681-0996 or Click Here to request a free quote.

​
1 Comment
Ellie Davis link
7/6/2018 03:10:05 pm

Thank you for pointing out that by having insurance you can eliminate some of the risks of owning a farm. My grandfather has always wanted to own a farm and I think he should look into it. Hopefully, he can find the right insurance to help with this farm.

Reply



Leave a Reply.

    Contact Us

    (425) 448-9190​
    8561 154th Ave NE
    Suite 250
    Redmond, WA 98052​
    Click Here to Email Us

    Archives

    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    June 2017

    Categories

    All
    ATV Insurance
    Auto Insurance
    Business Insurance
    Dental Insurance
    FAQs
    Farm Insurance
    Financial
    Flood Insurance
    Health Insurance
    Home Insurance
    Insurance
    Life Insurance
    Local
    Motorcycle Insurance
    Safety
    Travel Insurance

    RSS Feed

Navigation

Homepage
About IAN
Why IAN
Carriers/Partners
Technology
Contact Us 
Accessibility Statement
Agent Login

Share This Page

Review Us

Connect With Us

Picture
Picture
Picture

Contact Us

Insurance Agency Network
8561 154th Ave NE
Suite 250
Redmond, WA 98052
Office: (425) 448-9190​
Mobile: (425) 681-0996
Fax: (425) 868-2411
Click Here to Email Us
Website by InsuranceSplash