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Extension Experts
Peter Callan
full time or part time?
By determining the amount of money they wish to generate, the business owner can select an enterprise that provides the required income and utilizes the farm’s resources.
Once the enterprise has been selected, the entrepreneur needs to conduct market research. Who is going to buy their product and where do they live? How much will people pay for the product? Where will the product be sold?
Producers need to develop strategies that will help them meet their financial goals. Realistic cash flow budgets are the keys to determining the viability of the prospective businesses.
A new landowner needs to spend time thinking over and answering a majority of these questions. After they've answered these questions, an Extension agent can help guide the landow’ner through the process of choosing a direction for the management of their land.
Landow-ners need to be realistic in their expectations on the time commitment, land resources and the income that can be generated on their land. If agriculture was a high return industry, more than two percent of our nation’s population would be engaged in it!
Peter Callan is an Extension agent for agriculture and natural resources based in Culpeper County. He may be reached at (540) 7273435, ext. 342 or via email at peter.callan@vt.edu.
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