AGRICULTURE AS A GREAT SOURCE OF WEALTH
Shifting Cultivation
Intensive Pastoral Farming
Subsistence Cultivation
Commercial Cultivation
Mixed crop Cultivation
Intensive Pastoral Farming
Subsistence Cultivation
Commercial Cultivation
Mixed crop Cultivation
WHAT IS AGRICULTURE
Agriculture can be defined as the systematic and controlled use of living organisms and the environment to improve the human condition. 'Agricultural land' is ...
There one many types of Agriculture.
Dry Farming
Intensive Arable Farming
Market Gardening (Fruit and salad vegetables).
Silk Farming
Plantation or Tree Farming
Extensive Pastoral Farming (eg Hill Sheep Farming)
HOW TO START AGRICULTURE
Select a farming specialty and develop a business plan. Farming falls into three categories: crop, wind and animal farming. Crop farming consists of growing plants, such as trees for lumber, corn and soybeans. Government grants have created a new revenue source for farmers called wind farming where farms harness wind energy using giant wind turbines. Animal farming is the raising of animals to produce such products as milk, cheese and beef. Factors affecting the choice of farming specialty include the farm’s location and the farmer’s level of business and agricultural experience.2.Write a business plan for the farm. A business plan will help define the farm's business, startup expenses, lines of distribution, operating expenses and future profitability. Farmers also need a business plan to apply for farm loans and government grants. Farmers can contact their state's department of agriculture for business assistance. These state departments provide state agricultural business statistics, information on crops, product distribution and warehousing system information, export assistance and assistance to receive federal, state and county grants.3.Acquire financing for living expenses, the farm and equipment. Agricultural business requires a strong farming business plan. It is essential to include living expenses as part of the business plan because income is delayed until the begins to farm produce. Farms have many options in getting federal and state agricultural grants. Existing farms can receive cash grants, such as crop and dairy subsidies. The USDA offers loans for first-time farmers. Minorities, veterans, the disabled and women seeking to start a farm business have even more opportunities to obtain financing since these groups are often under-represented in the agricultural industry. Small business farmers can find information on getting small business bank loans and government grants by visiting Grants.gov and Business.gov.
Hire an accountant. Controlling and monitoring farm
operating expenses is crucial to profitability. An accountant with farm
operation experience can help small business farm owners establish
accounting systems to oversee and control costs, identify deductions to
lower taxes and assist in finding agricultural vendors. The American
Accounting Association offers information on how to hire an account and
business referrals throughout the country.
American Accounting Association
5717 Bessie Drive
Sarasota, FL 34233-2399
Phone: (941) 921-7747
Fax: (941) 923-4093
Email:info@aaahq.org
Research and follow all federal, state and local
business and agricultural laws, zoning and regulations pertaining to the
farm. Farming is a business so all business regulatory laws apply. This
means the business must state the business structure sole proprietor,
partnership or limited liability company. All farms must register as a
business, however, employment laws vary from state to state depending on
the amount of agriculture a state produces.
Two factors that directly affect a farming business are city zoning law
and the Environmental Protection Agency (EPA). Farms must follow EPA
regulations on such things as water run-off, wet land designations,
protected habitats and chemical applications. The EPA supported National
Agriculture Compliance Assistance Center helps farmers with
environmental protection issues and EPA regulations. The government
recommends that farmers contact the center for detailed information
tailored to their specific farming business. Farms that do not comply
with EPA regulations face fines and closures.
The National Agriculture Compliance Assistance Center
901 North 5th Street
Kansas City, KS 66101
Toll-free phone: 1-888-663-2155
E-mail: agcenter@epa.gov
Fax: 913-551-7270
Find appropriate farm property. Retain a real estate
agent who specializes in farmland sales and consider purchasing an
existing farm business. Farming requires land, equipment, farm buildings
and supplies. An experienced farmland realtor understands these
requirements and can direct new farm start-ups to land that will best
support their farming business. Always consider existing farm businesses
to save money because they often include the farm equipment as a part
of their price.
Always hire an attorney to review all business contracts. Before signing
any contract, check local and state zoning laws to address any
compliance problems and make sure the property's mineral rights are
included in the sale. Many Texas farmers have regretted not owning
mineral rights after discovering oil on their land.
Establish farming operations, purchase equipment and
begin farming. Once the sale is completed, farm business owners must
have all licenses and permits approved before starting any building
construction and land preparation for farming. Farms without permits
and licenses in place before farming may find it difficult to bring
their products to market because the government closely monitors the
food supply through the USDA.
Comments
Post a Comment