Tips for Successful Farming
Starting a farm is
easy, but it can be complicated because it encompasses so much. Intending
farmers must consider their passion, business planning, finding land, securing
capital, marketing, experience or knowledge, securing equipment, developing and
securing infrastructure and having vision. These points below are factors to
consider before venturing into farming business:
1.
Passion:
Do
you have passion for anything? What is this passion? Is it connected to the
farming business which you intend to start?
A successful business is often determined by the passion the owner has
for that business venture. This is the reason why the business ventures of
owners who are interested in them are doing well. For one to be a successful
farmer, the individual must have passion for farming. Maybe he or she is
interested in walking in the farm or inhaling the fresh leaves and the wet
soil, this passion for the farm will prompt the person to success.
2.
Business
Planning:
Intending
farmers need to have a well designed business plan that take into consideration
individual infrastructure, financial need, production capacity, the knowledge
of the business and the business location. An intending farmer should plan his
business well and make sure there are no hitches as he goes into the business.
3.
Finding
Land:
Finding
a good area and land for farming can be difficult. For someone who has
knowledge of geography and agriculture, the individual will have the knowledge
of the factors that affect the business of farming. There are things to
consider when looking for a land for farming: good soil, pests, topography,
weather and climate, cheap labor, security, water, nearness to market, good
roads and so on. One should be careful with his or her choice in order not to
destroy the business forever.
4.
Securing
Capital:
Capital
is one of the major elements of an enterprise. Capital is the wealth needed for
the execution of the business idea. Sometimes, one might have business idea,
but there is no capital to execute the business idea, so it remains an idea.
For an intending farmer, getting capital for the business shouldn’t be that
difficult. In Africa, there are many governmental and non-governmental
organizations that help farmers with capital and they even give interest-free loans.
In Nigeria for instance, there is Nigerian Agricultural Cooperative and Rural
Development Bank Loan.
5.
Experience
or Knowledge:
Every
man is born an innate farmer, however, it is necessary that one gets himself or
herself acquitted with the rigors and process of farming in order to be
well-grounded in the business of farming. No knowledge is a waste. One should
visit a good farm and learn the processes even if it is a month, it will be
helpful.
6.
Marketing:
Before
a farming business starts, it is important that the intending farmer considers
the market and the marketing strategy that will sale the products from the
farm. The one of aims of a business enterprise is to maximize profit; a
business without profit is at loss. So an intending farmer should consider the
market and how marketable the goods are in the chosen area.
7.
Have
A Vision:
Where
do you want the business to be in five years time? How many clients will you
have in the next five years? How many employees will be under you? Have goals
and objectives as you venture into this farm business. Keep this vision in mind
and work toward its realization.
8. Start Small
Since
farming is somehow like a risky business, one should invest big at onset or
invest all that one has. A beginner should start small and then build and
nurture the business, and he or she also gets experience, therefore, the
business improves and grows.
9.
An intending farmer should be a risk
bearer to be able to run an effective farm. A risk bearer bears the risk alone
no matter what might be the loss, and this risk bearer creates wealth and
employment for people.
Chinwe
O'Brien is a writer and a blogger. He is currently doing a
degree program in English and Literature. He blogs at http://www.bettertim.blogspot.com
He wishes to make the world a better place for all.
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