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What is a good way for a young farmer to grow their operation?
#farmer #ag #agriculture
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4 answers
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Lovelace’s Answer
Determine your area of focus first. What are you wanting to grow? If you already have the acreage, get soil testing done to determine which crops would grow best for your soil type. Check with the agriculture extension office in your area.
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Thomas’s Answer
I would recommend renting land: this will help you to grow more crops without having to tie up large amounts of cash starting out. You could also consider growing other high value/niche crops that do not require as much land. Do your research and see what you can grow in our area and also what is in demand.
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Brian’s Answer
The age old question.. how to get more land. That is a tough one, but it's doable. Be an honest and upstanding citizen, work hard, and people will notice. Treat any land you gain like it is your own and not just another commodity. Be a friend to the landowner, and not just a business acquaintance. They say that farming is a business just like any other (and that is true), but people in the Midwest still put a value on integrity and relationships. Probably the easiest way to grow your operation is to put a sharp pencil to it. Well maintained, older equipment can do just as good of a job as new fancy stuff. High yields sound good at the coffee shop, but selling 100bu/A of corn at $6 is more profitable than selling 200bu/A of corn at $3. Focus on your return on investment and get good at marketing. Niche markets are another good way to generate income. A roadside stand can bring lots of money in, but they are more work.
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Karl’s Answer
Consider working out some partnerships on shares. Many operators have difficulty finding labor so you could provide that for a share of the proceeds.