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The clipping this text was read from
The clipping this text was read from

One of the most common questions that is received at local Extension offices today seems to begin with the phrase “I just bought X-number of acres." The initial phrase is followed by the comment, “I would like to start a farm on my property, but I am not sure what is the best type of farm for my property."

In order to determine the answer to that question, the land owner needs to take an inventory of resources needed to establish a business.

What are the land resources — acreages, hillside or bottom land, and fertility (well-cared for or low fertility), availability of water, and buildings?

What are the financial resources needed to establish the business?

Will savings or borrowed capital be used to finance the start-up costs?

Some businesses require significant capital investments e g. stables for horse boarding business or equipment to raise and harvest crops.

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