Making Your Small Farm Profitable
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There is an excellent life in farming. Farmers may disagree, but if you consider that you own your land and you are running it yourself, this is a privilege! You work long hours, and the money isn’t having you driving six cars, but you are determined as a farmer, which means that you are going to be able to turn your small farm into a place of joy.
Despite the weather working against you most days and despite having no idea where you want to diversify in your farming business, you need to consider how you can make this space a profitable one. You may already be using the best possible grain to grow, or you may be speaking to Superior Farms about lambs, but what next? Let’s brainstorm some suggestions below and make your small farm start bringing in the money once more.
A Bed & Breakfast. People love quaint. They love the countryside and the escape from real life that they achieve when they leave their town or city. A bed and breakfast is an easy start as you can convert a farmhouse or an unused barn into rooms so that others can stay over and appreciate your farm. You can even set up small cabins with shared bathroom facilities and rent it out as a youth hostel. The accommodation level can vary depending on the type of customer that you want to bring into the farm.
Swap Meets & Boot Sales. Swap meets and boot sales are popular, and if you can rent a field space to do this to those who want to run them, you can earn a tidy profit. You could charge per vehicle on the land, and you can change the charge per season, so earn more in the drier, popular months.
Camping. Your empty field could be a prime estate for you to turn it into a campsite. All you would need is a simple building for showering and toilets, and you’ll be able to lease the land for people to pay to stay. Your farm may be close by to a town that is popular with tourists, and you can offer the space for tents. You’ll be offering a place for people to stay close to attractions and local amenities.
Private Fishing. If you have lakes, you can choose to convert these into public fishing lakes. There are catch and release options for fishing enjoyment, and this can be fun for those looking to stay on the land, too. You can also do fish and pay, where they catch the fish, and it’s weighed and paid for. Either way, it’s an excellent way to make a little money and have the right facilities nearby. Add in a little stall for refreshments and an on-site tackle shop, and you’re good to go!
These options can all bring a little profitability to your farm and give you a better chance of being running a popular farm. Diversification can happen after this, so it’s vital that you know how the money comes in.
