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How to Open a Company for Farming and Agriculture

 
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Category : > New Business Setup
Posted On : Wed Jun 07th,2017

 
An Ultimate Guide to Starting a Farming Business
 

Define your Farm business goals

 

There are various types of agriculture and farming business. Define your farming business type first. Here are a few examples:

 

·         Dairy Farming

·         Small Scale Farming

·         Eco-tourism farming

 

Design and Plan Your Farm

 

An important part of starting a farming business is to define the scale of your farming idea. Do you have a plan to grow acres of farming? Or want to have a small- scale operation to grow a variety of crops and animal to sell dairy products. You also have the option to start an eco-tourism farm where people visit your farm to learn the various farming skills and working on your farm.

 

write a business plan

 

A farming and agriculture business includes:

·         Study market supply and demand

·         Farm operations

·         Management structure

·         Products

·         Financial analysis

 


Find the right farming land

 

Once you have decided the type of farming, the second step is to choose either you will buy land or lease it. Buying your own land gives you a complete freedom of enterprise and there is a minimum financial risk while getting into leasing you do not need a high capital. That is why people prefer to lease land to start their farming business.

 

Consider following points when looking for an agriculture land

 

·         Proximity to market

·         access to water

·         soil quality

·         facilities and infrastructure

 

How to find grants and loans to start your farming business?

 

Farming business requires a little extra investment as compared to other business, but ensures extra benefits and profit too. If you do not have the required finance, you may visit following resources:

 

·         Grants.gov

·         USDA Alternative Farming Systems Information Center

·         Sustainable Agriculture Research and Education organization

 

The most important part to setup a company farming and agriculture

 

Register your business

 

·         Decide your business structure- LLC, Sole Proprietorship etc.

·         Register your business name

·         Get an employer identification number

·         Product liability insurance

 

Farming and agriculture Legislation tips

 

Before you start farming, check the legislation and regulations of your state. For this purpose, product and production process, consult with the local authority to ensure that you have zoned land for farming and there are no bylaws could affect your farming activities.

 

  


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