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.
