THINGS TO CONSIDER BEFORE BUYING A FARM LAND
Before buying a farm land, it’s worth familiarizing yourself with the things you’ll need to consider. At the very least this will include:
*1. Your Proximity to Markets*
Consider where you’re going to sell your products, or how you’re going to reach sales channels. If they’re hundreds of miles away, you’re going to struggle much more getting to market. Often it’s easiest to start local and go from there.
*2. Access to Water*
It’s important to make sure you have a steady supply of water, so be sure to ask plenty of questions and consider all of your options. How will you provide water for the plants, animals, and processing needs of your business?
A good advantage is if the land has a stream or river on the land or close to the land.
*3. Soil Quality*
As with water, high-quality soil is a must for most farmers. If it’s a virgin land, you don’t need to worry too much on this. If not, ask the current owner for soil test results (if possible).
Accurate predictions of fertilizer needs for specific crops can be made based on the test results. For livestock, different soil can even impact growth and health, sometimes requiring supplementation.
*4. Facilities and Infrastructure*
Depending on the type of farm you want, you may also need different outbuildings. A produce stand or farm shop might require an up-front investment.
What about your livestock? Does the land include shelters for the animals you plan to raise? What about processing facilities? Different crops and animal products will require different processing and storage facilities.
What sort of transportation and roads are available to and from the area you’re farming?
These can be a great resource, or a great hindrance, depending. Do they produce farm goods? What are their production practices? Are they compatible with yours?
If you plan on starting an organic vegetable farm, but your neighbors spray their tree plantation with harsh pesticides and herbicides several times a year, it could dramatically impact your success.
In conclusion, farming is profitable if you do it right. If you’re not sure where to begin, check out our farms, livestock, food production, and other agriculture-related business plans for inspiration.