Farm Start Up

I've been trying to understand what if any programs there are for farm start up.

For example I would need help in the following areas

Bank business case

Understand government programs (if any) for new farmers

What is the current cost per acre of land. From what I've seen it can be from $6000 to $10000 per acre.

I'd also welcome any additional comments or suggestions about how best to do a start up of 100 acres or more.

Thanks in advance for your time.

▶ Reply to This

Replies to This Discussion

Permalink Reply by OntAG Admin on November 10, 2013 at 7:24am

Hi Chuck,

I would suggest visiting the local Farm Credit Canada office and asking about the Beginning Farmer programs.

Your business model and case will be very important - what type of farm you want to start.

Land is important but there are ways of working around ownership if you have a sound business plan....partner with existing older farmers with no clear family succession.

Good luck,

Farms.com Team

▶ Reply

Permalink Reply by Chuck Laing on November 10, 2013 at 11:56am

Hello

Yes I did call the Farm Credit Canada as a first step. They have told me they will send me a template for a business plan but as yet it's not shown up. So I've taken it upon myself to do my business plan. My next step is contacting a financial planning & consulting service to help with the plan, however this will cost a few bucks.

As for the farm I am looking to setup would be a cash crop farm. Simple to start with just growing corn, soy beans, and hay.

For the most part I can do the numbers on the purchase price for the land and machinery. Where I am struggling is on the cost for seed and then trying to work out what the yields might be on class 2 and class 3 land.

I do like the suggestion of partnering with an existing farmer, and will begin that search right away. This I think would be a great source!

Please keep giving advise and comments as I do appreciate them

Thanks

▶ Reply

▶ Reply to Discussion

RSS

Welcome to
Ontario Agriculture

Sign Up
or Sign In

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Federal Agriculture Minister Visits Farming Smarter

Federal Agriculture Minister Heath MacDonald visited Farming Smarter's research farm in Lethbridge this week, where researchers, farmers, and agri-business leaders highlighted the importance of collaboration and innovation.

How Farmers and Rural Residents Can Protect Themselves from Tick-Borne Illnesses

Tick populations are growing across much of Canada, bringing increased risks of Lyme disease and other tick-borne illnesses.

Greenfield Global Expands U.S. High-Purity Alcohol Supply

Greenfield Global is expanding its North American high-purity alcohol supply network through a long-term agreement with Missouri-based Show Me Ethanol.

New tool to help farmers identify potential crop success

CropSuit is a free web-based application

EMILI is collecting non-perishable Harvest Manitoba donations during Field Day, July 15

EMILI is celebrating its tenth birthday during EMILI Field Day on July 15, and as part of the celebrations, attendees are encouraged to bring non-perishable food donations for Harvest Manitoba. EMILI staff will be collecting donations during Field Day. A link to donate is also available. Throughout the year, EMILI works with innovators to test and validate technology in crops such as potato, wheat, oats, barley, corn, canola, soybeans, and peas. These crops ultimately become food on the tables of Manitoba families. But food instability is an issue for many people. Harvest Manitoba is committed to addressing food insecurity and poverty in Manitoba. The organization reports 62% of families go hungry once a month or more because they can not afford food. Feeding over 108,000 Manitobans per month, Harvest Manitoba is one of the largest food distributors of its kind in Canada. Theirs is vital work that ensures families, children, infants, and seniors have food on their table. Everyone i

More…

Badges | Report an Issue | Terms of Service