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It’s quite a random idea for a business isn’t it, farming. Well, it might sound that way, but it’s not really. Firstly, there is a huge shortage of farms in the world right now. As any good business owner will tell you, where there is a shortage in supply, there’s the possibility of big future profits. That’s just one of the reasons why you should think about setting up an agricultural business. You might think that it’s risky, but the truth is that any business idea you can think of is a risk. That’s what makes it potentially profitable. If you want to make money you’ve first got to throw the dice.

The first thing you’ll need to consider is land. You might already have a large plot of land to farm on. Perhaps that’s why you’re considering this possibility? Or, you might be thinking about buying a property with some land. You should look to buy a place of around ten acres. We’ll get to why a little further down.

After you’ve bought the land, it’s time to think about what type of farming you should go into. There are a few possibilities to consider. But this choice will usually determined by the climate you’re farming in and your current location.

You may have heard the horror stories of how farmers have struggled to make ends meet recently. We can’t lie, there is some truth behind these claims. Or, at least, there was in the past. But now farmers have found ways to maximise their profits and it’s a tactic you’ll need to learn. You’ll need to familiarise yourself with the idea of intensive farming. Intensive farming essentially means to produce as much as you can from the land or stock that you’ve got. It’s why you’ll rarely see cows out in fields anymore. They’re kept inside 365 days a year to be milked by machine. But that’s good news because it means you don’t need a big staff for your farm. In fact most dairy farms get away with having ten people working with a hundred cow herd.

That’s not the only way farmers are working to make more. It’s also possible to branch out and use the farm for different reasons. In the past farms were typically specialised. If you were milking cows, you weren’t going to be doing much else. But now you might find a farm also supplies timber to factories from trees as well as wheat and other typical produce.

How can they do this? It’s all to do with the new tech and machinery on the market. New machinery is allowing farmers to get more done, working the land to an efficient level. The only thing you’ll need to worry about is machinery breaking down. But with Statewide Bearings providing the spare parts you need you’ll find fixing the devices is easy.

It is true that farmers are facing challenges. But at the same time, there are new solutions to these problems. While the continuous drop of prices by supermarkets is worrying farmers are still finding ways to find profitable. This isn’t the dark ages. Farms these days are run like factories and you could make a lot of money with this business possibility.

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To your success,

Vinh Van Lam & Stuart Horrex

Your Coaches CoSydney & ArtSHINE

About The Author

I am a Business LifeStyle coach who specialises in working with artists, designers, crafters and all creative professionals. Myself and my partner Stuart Horrex are here to help you to achieve your Life & business goal and dreams. We have had over 20 years experience in finance, retail,furniture,food,wine fashion,crafts and hospitality.

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