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According to the United States Department of Agriculture, 97 percent of all American farms are family owned and operated, and with the trend towards eating better and permaculture- creating sustainable and self-sufficient agricultural ecosystems- more and more families are considering small-scale farming.
Like any investment, plenty a thought should be given before diving into this kind of venture. Here are just some of the questions you should find the answers to before undertaking a farm.
How Large Of A Farming Operation Do You Want?
Some people want a farm that is just large enough to grow and produce enough food for their family, with maybe a little left over to sell at a roadside stand or the local farmer's market. Others intend to start out small, but want room to expand in the future. You will need to have a clear picture of your immediate and future goals before you purchase a farm for sale. This will also help your real estate agent show you properties that are appropriate for your needs.
What Kind Of A Farming Operation Do You Want?
Do you want to raise dairy cows and make your own cheese? Does an apple and cherry orchard appeal to you more? How about just a few goats, pigs, and chickens so you have fresh meat and eggs for yourself? Maybe growing organic vegetables and herbs is more what you had in mind. You will need to narrow your focus and purchase a property that will work with your intended goals. Land with steep, rocky hills may be fine for raising goats, but it would probably make large-scale vegetable farming difficult.
What Is Your Lifestyle?
If you and your partner work full-time jobs, you may only have enough time for a small family garden and maybe a few chickens. There's nothing wrong with that, either. Some people just want to live a simple bucolic country life on their own land. But if you are planning on making a living off of your land, you will either need to commit to the hard work and 70-hour weeks, 365 days a year, that a larger farming operation requires, or hire farm hands to do the work for you. Don't underestimate the amount of time and energy that goes into tending to livestock and crops on a larger scale.
What Is Your Financial Status?
When you buy a farm for sale, you are frequently buying a home, acreage, and farm equipment. Even if you have enough money to meet the purchase price, you will have more peace of mind if you don't spend every penny you have just buying the property. Getting started in farming can require an initial large investment, so be sure to have a solid business plan in place beforehand.
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