Farm Start Up

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Permalink Reply by OntAG Admin on November 10, 2013 at 1:24pm

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

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Permalink Reply by Chuck Laing on November 10, 2013 at 5:56pm

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

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