Its the beginning of June and the farms are a buzz with activity. Most farms a busy growing corn and soy, cutting and bailing hay and managing their livestock. As of right now I am trying to get our Rhubarb, blackberries, basil and flowers to grow on our tiny residential lot in town. While trying to grow a few plants I have been spending time reading and preparing for our farming future. I am trying to get a grasp on pigs, cattle and chickens through the only source currently available, books. I am currently reading "Everything I want to do is Illegal" and "Grass fed Cattle". Both books are informative and give me a heads up of what I need to be looking out for and some basic principals for pasture based farming.
Every step brings us closer to our goal of farming. About a week ago I laid out a 10 year plan broken down into two year groups expounding on different enterprises, costs, timelines and projected profit analysis. I set up a farming system with the overarching goal of starting and growing debt free. This means owning land may be a few years down the road. However, in the mean time I will start looking for a land owner who is willing to lease us land at a reasonable rate.
Our goal for beginning a land lease is March 2013.
If you happen to know someone who lives within about 15 minutes of Forest Lake, MN willing to lease land to a grass farmer, let me know.
Showing posts with label Forest lake. Show all posts
Showing posts with label Forest lake. Show all posts
Wednesday, June 6, 2012
Sunday, October 23, 2011
Raising Capital
Acquiring capital for most small businesses and/or farms is as simple as going down to the bank and applying for a loan. However, in my desire for a farm, I will not put undue financial pressures on my family. I really enjoy the way things are right now. The one who brings home the bacon is me and the one who cares for our child is my amazing wife. I cannot find the sense in sending her to work and my daughter to school just to make a few extra bucks to pay off a loan. So I'm challenged with raising capital for my farm without financing everything. So, I will be keeping my family home and being creative about saving.
One idea I have is something I started doing while in Colorado, and now that I have a place to work it is even more convenient. Maintenance and small repairs on cars and light trucks can be a good source of additional income. I can charge 1/3 of what dealerships charge for the same work. I get closer to my goals, and the person I am helping is pleased they got a great deal on their auto repairs. Since I am already doing this as a full time job at a dealership I already have the tools I need to complete most any job.
Another idea I have is creating a small woodworking shop in my garage making jewelry boxes, music boxes, humidors, mantel clocks, etc. Since I have a serious lack of wood tools I will need to find some tools for a reasonable price. Craigslist is a resource I can use for finding cheap used tools. And I also have Menards just down the road. I do still have the challenge of finding a marketing plan that will get things off to a good start. I believe I will be checking out "Gorilla Marketing" from the local library. And in the Spring/Summer months I will try to get connected to some farmers markets and arts and crafts shows. Until then I will try to get an inventory built up and check into some of the legal matters of what I am trying to do.
This will not make me rich overnight, or at all. My goals are simply to start a self sustaining farm in the Forest Lake area. The name of our farm will simply be Johnson Farm with many headings (example: Johnson Farm Woodworking or Johnson Farm Meats and Eggs). As we go along things will change and ideas will keep coming and going. The main goals however will stay the same.
One idea I have is something I started doing while in Colorado, and now that I have a place to work it is even more convenient. Maintenance and small repairs on cars and light trucks can be a good source of additional income. I can charge 1/3 of what dealerships charge for the same work. I get closer to my goals, and the person I am helping is pleased they got a great deal on their auto repairs. Since I am already doing this as a full time job at a dealership I already have the tools I need to complete most any job.
Another idea I have is creating a small woodworking shop in my garage making jewelry boxes, music boxes, humidors, mantel clocks, etc. Since I have a serious lack of wood tools I will need to find some tools for a reasonable price. Craigslist is a resource I can use for finding cheap used tools. And I also have Menards just down the road. I do still have the challenge of finding a marketing plan that will get things off to a good start. I believe I will be checking out "Gorilla Marketing" from the local library. And in the Spring/Summer months I will try to get connected to some farmers markets and arts and crafts shows. Until then I will try to get an inventory built up and check into some of the legal matters of what I am trying to do.
This will not make me rich overnight, or at all. My goals are simply to start a self sustaining farm in the Forest Lake area. The name of our farm will simply be Johnson Farm with many headings (example: Johnson Farm Woodworking or Johnson Farm Meats and Eggs). As we go along things will change and ideas will keep coming and going. The main goals however will stay the same.
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