It’s a common dream, that of buying a run-down farm and taking the time and energy to build it up into a working business. There have been books, television series and films about people who follow their dreams and through hard work and dedication, realize their ambitions and make a success of it all. Obviously, it’s not always that easy.
Farms can be a lot of hard work, and before you take the plunge, you need to ascertain whether you have the time, energy, resources, and commitment to take that fixer-upper and make it truly yours. However, if you do decide to take the leap, the potential rewards can be excellent. This is especially true nowadays, when modern farming techniques meet modern technology in order to optimize what you do have and tackle the possible flaws in your plan.
That business plan
You’ve found the right property, and you know roughly what you want to use it for. However, if that’s the start and finish of your business plan, then the chances are that you are going to run into difficulties. Farming life is all about planning, and your business plan needs to be as detailed as possible so that you’re not left hanging by an early winter or a chilly summer. Your ability to make your farm renovation a success is ultimately down to your business plan and your motivation, and lacking either will see your chances of failure increase.
Study the space around the property
Using every piece of space is going to be vital for your ambitions. Unused land is wasted potential, and you’re going to need to look at ways to take full advantage of every square foot available to you. The good news is that modern farming has the benefit of improved technology and material, so installing or building a new barn space or garage is no longer a challenge to your time or your budget. Do some research and find the right agricultural buildings for sale, making sure that they use the high-quality materials that guarantee durability and weather resistance.
Build your business around technology
No matter what your farming is going to concentrate on, you should be using the best technology available to maximize your potential profits. This is true of any business in the digital age, but increasingly essential for those working the land. From weather analysis programmes to estate mapping programmes, the modern farmer should be just as comfortable with a tablet in hand as they are at the wheel of a tractor. Of course, as automation continues to play a more and more important role in manual business sectors, you also need to keep up with changes in technology, so that you can make the most of the benefits and prevent yourself from missing out. Even the humble smartphone can help you to continue running your business as you’re herding the animals, enabling you to contact suppliers and customers, negotiate terms and check your apps for pricing information.
Modern farming is very different from the idyllic vision that most of us have, but using the best that modern life makes available can increase your chances of turning that fixer-upper into a viable business concern.