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Showing posts with the label What is the best profit margin in farming

Must Know Farming Business Tips

In farming as a business you need to learn how to crawl before you can walk, it is key that you master one type of crop before you heavily invest in diversification. Before you decide to introduce many crops to the mix, be known for one thing! And try by all means to be the person known for it. I’m sure when we name a few farmers we know, crops are associated to their business and what they grow mostly and that’s their core strength, despite them growing other things. I am able to grow a number of vegetables, but one crop you will see all year round is green beans , and it so happens to be the crop I chose for my thesis. When you start, it’s important to establish what type of produce you would like to specialize in and that you will be known for. This way, you are the go to person because you are good at it. Key takeaways: 1. Learn to focus on your core strength to ensure long term growth. 2. Keep in mind that a farm can only produce according to what is invested in. 3

Farming is not a get rich quick scheme!

Are you starting a farming project because of the hype you are seeing on social media or have you done the necessary research? With regards to farming, social media has had a huge influence on people embarking on projects which are then abandoned due to a number of factors. And what was deemed to be easy has become something else on the ground. Farming is not a quick cash venture, be ready to take this journey! Whenever starting a new business line or product line, please do your research. Visiting farmers with experience in this field will be extremely helpful. You may begin by consulting various experts who provide that service. So you have an idea and can see what your budget will allow you! Others will tell you to start small, but what is small? You are starting a business and not a hobby. Start with viability and work your way up! 1.     Assess the risks involved and find ways to mitigate those risks. 2.     If you don’t have the resources, don’t strain yourself and th