Getting started

As with any new business, starting a small farming business can be a daunting task. The fact that there are different taxation rules that apply specifically to small businesses in the agricultural sector can complicate matters even more.
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 So, you’re thinking about throwing in the towel at your city gig and moving to the country for some peace, quiet and fresh air. A shift  in gear that gives you  time to start work on that novel you’ve always wanted to write, raise some ducks and a cow or two and grow  your own veggies.

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Article as seen in the November edition of Money magazine by Susan Hely.

Questions: What is the smartest way forward financially for us given that Clare will not be working for some time? Should we invest in shares, buy an investment property or focus on paying down the mortgage? What is the best way to buy land, build a house and set up a hobby farm?

Names: Clare and Michael

Status: Married and expecting a baby.

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Anton and Fiona Bombara are seasoned organic growers.
Their organic market garden business in the Peel region of Western Australia has flourished from a part-time enterprise growing only watermelon, tomatoes and capsicum to a full-time busi
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Debbie has put her product development skills to good use to diversify the range of Swan Valley Honey products. She has developed new recipes, confectionery and dressings that are taste tested at shows and the feedback used to fine tune the next new addition to the range.
Products
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Debbie Starr is a talented and experienced chef and also the luminary behind Swan Valley Honey.
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 Leasing land can be a great way to get into agriculture or expand your existing business without the high capital cost of purchasing land. For the    landowner, it can also provide a steady income from land they are not currently farming.

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 Nobody should buy a small farm on a whim. Whatever your reasons for buying a small farm – whether it’s a going to be your retreat, weekender, hobby  farm, conservation or self-sufficiency block, or maybe an investment or a working farm – you shouldn’t make any decisions before considering these  important purchasing tips.

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 “What can I do with my small farm?” is a question I’m regularly asked. My response is usually: Well, what would you like to do and what will your farm  allow you to do? If you are thinking of buying a small farm, you should always have a vision of how you would like your prospective farm to look.

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New Forum Topics

Topic Replies Last post Forum
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7
by Albertgotdonkey
Sat, 03/23/2019 - 22:48
Farming Help
3969 type of pasture?
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2
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Farming Help
5486 Diversify with Aqilaria crassna
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1
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by Albertgotdonkey
Wed, 03/20/2019 - 11:56
Farming Help
5363 Olive trees
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by db51
Tue, 03/19/2019 - 17:30
General Forum
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Sun, 03/17/2019 - 22:43
Butcher meat
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Sat, 03/09/2019 - 18:30
Farming Help
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2
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Tue, 03/05/2019 - 17:34
Farming Help
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General Forum
5469 Raising cattle for profit
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1
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Farm planning
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