Ontario Agriculture

The network for agriculture in Ontario, Canada

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.

Views: 278

Reply to This

Replies to This Discussion

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

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 to Discussion

RSS

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

Record amount of corn, soybeans insured

Ontario farmers planted a record amount of corn and a near-record amount of soybeans in 2022,  so it’s likely no surprise that crop insurance coverage is up.

Chicago Close: Dollar Weakness Supports Corn, Soys

Weakness in the US dollar helped to push corn and soybean futures to gains on Tuesday, while wheat managed just a mixed close. 

INNOVATORS WANTED: Grains Innovation Fund is now open

Grain Farmers of Ontario, the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, soybean and wheat farmers, is accepting applications for the 2023 Grains Innovation Fund.

Deere Names Justin R. Rose as President, Lifecycle Solutions, Customer Support & Supply Management

Deere & Company (NYSE: DE) today announced the appointment of Justin R. Rose to President, Lifecycle Solutions, Customer Support & Supply Management, effective October 31

Canadian Coast Guard takes important steps to reduce fleet emissions

 Reducing carbon emissions is one of the most important ways Canada and Canadians can fight against climate change

© 2022   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service