Farming is not just a hobby but can become a lucrative business if done right. The problem is that many people don’t have the capital to start a traditional and full blown farm despite having the skill and interest.
On a good note, it is possible to begin a micro farm that can yield a reasonable profit. However, the process may be a bit more intricate and demanding than it was in the past. Many things have evolved in the farming industry. It is true that micro farming requires less investment of physical and financial efforts as compared to conventional farming but it won’t work in today’s competitive market without meeting certain standards.
Here is how you can start on developing your micro farm:
Get the Land
If you have enough land belonging on your personal property that can be used for homesteading, it is well and good. However, it may not be feasible if you live in a big city. Therefore, you may want to find land that is specifically built for homesteading or is at least usable for that purpose. There was a time when the government used to help with such projects but that has changed now.
You have two options. You can either buy the land or rent it. Both options require cash. In the future, you will also need a steady source of income to pay the rent, mortgages, and applicable taxes. Renting is more feasible if you don’t have the money and under-qualified for a mortgage. You may peruse surrounding areas find unworked lands or contact farmers to rent you a small plot.
What to Grow on Your Micro Farm?
What you grow on a micro farm depends on how what amount and how quickly you want to earn. You may have to decide the crops according to your plan of full time or part time earning. You can generate a revenue of $40,000 and even more. However, it is not just about growing the right combination of crops. You need to focus on effective planning and marketing as well.
You may want to choose crops that can grow within a year’s time. Another option is to start an organic farm. Organic farms require low amount of investments and can be scaled as your resources increase.
Preparing to Get Started
Farming can be profitable but like any other business, you must prepare well to prosper in this industry. Your first step is to learn as much about farming as you can. Find educational resources specifically for micro farming. It is also recommended to develop connections with existing micro farmers. Visit their farms to get a first-hand view of what goes on daily at a micro farm. Another way to learn practically is to earn an apprenticeship at a local micro farm. You can also join organizations that support people interested in starting their own micro farm.
Micro farming can take some time to take off. But you can find methods and options that will help you set up quickly.