Choosing Your Type of Farming (Tip No. 16)

(This is another piece of advice that could help you in starting your dream farm. It was excerpted from my book titled “How to Start and Manage Your Own Dream Farm” which is now out of print.)

There Are Many Types of Farming

THERE are more types of farming than you think. And you should choose what suits your situation best.

When you want to start your own farm, ask yourself why in the first place you are going into farming. Is it for making money? Is it for relaxation? Is it for show to friends and peers? Is it for all these three reasons?

You should identify your own preferences. Some people love farm animals. Others go for fruit trees. A number would choose vegetables. Still, others would go for the unusual, the high-priced produce for a special market.

Of course you have to consider your resources. That means the money you have available for financing your farm project. Is it your own savings or is it borrowed?

Beware of borrowed capital. Farming is a very risky business. If you are just a beginner, it would be more prudent to just use your own savings. Present interest rates are much too high and you could lose your farm with just one misstep. 

Keep in mind also that some farm projects require much more capital than others. Choose one that will suit your budget.

Other resources to consider are your education, training, special skills and the people you know who could help you.

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