Farming is one of the exciting careers that one can invest in. Whereas most people tend to prefer white-collar jobs for convenience, switching career to farming can also be a suitable option that one can pursue, especially after retirement. Whereas most people desire to make such a move in their 60s or 70s, they rarely understand where to begin and how to establish themselves as successful farmers of a suitable scale that will guarantee them profitability. Here are three of the key steps to take in the preliminary stages of establishing yourself as a successful farmer after retirement.
Just like any other business establishment or undertaking, it is highly advised to commence your ambition by conducting appropriate research. Such research should focus on, among other things the agricultural sector within the locality. Doing such due diligence would help you understand the various crops that you can invest in and how much space in that regards you would require.
The research would also give you an opportunity to understand the local agricultural extension services and how to fully utilize them to your advantage. You should also focus on doing a feasibility study that would help you outline how much resources you would need to inject in the business versus the prospective outcome. Doing so would help you understand the dynamics of them farming business and consequently enable you to make an informed decision.
Acquire Farming Resources
Being an agribusiness person demands various resources, including farming equipment. One of the key equipment that you need to acquire is a farming tractor. Farming tractors play a big role in ensuring that you can farm on huge tracks of land. Buying a tractor may not be that complicated as it only needs you to conduct due diligence to ensure you acquire the best suitable for your purpose. In Ohio, you can acquire one by browsing for a tractor for sale oh and sifting through the vast expanse of equipment vendors for a suitable machine.
Another resource that you would critically require would be a suitable tract of land. A medium scale of farming would require you to have up to 5 acres of land. The rural Ohio area has plenty of such land for lease as well as for sale, and you can secure one convenient for your use. Among the things that you should consider when buying a suitable tract of land include its proximity to various other amenities and resources such as roads and water. You should also check the farm’s soil for suitability and fertility.
Utilize Governmental Resources
The state and federal administrations have various programs put in place to facilitate farmers at various stages of their business. You should, therefore, research on various of such programs that you can enroll and benefit from. The government provides both technical advisories as well as financial support for such farmers. The Beginner Farmer and Rancher Development Program, for example, has allocated funds to undertake farmer education and financing in the current financial year.