Is market gardening profitable? How much money does it take to start a farm? How can you be sure you can provide a constant income for your family? How much land is required to start a farm and make a living from it? I’ve been getting these questions and variations of it from you guys on a consistent basis. In this video I’m going to open up the curtain, take you ‘behind the scenes’, and let you in on our numbers, the revenue, the profit, the start up costs and more.
In fact, I’ve combined all the questions I’ve been getting from you guys on a daily basis regarding finance, categorized them, and will answer each and every single one of them in this video.
In the first part of this video I share some of my thought process of making a living on a small farm and what it actually takes.
From there we head straight into the revenue numbers we make on the farm, the running costs we have, and the actual profits we make with the market garden.
After covering that we head into the ‘Q&A’ part of the video.
Directly in the first question I show you the exact initial investments we’ve made to start our market garden and get it up and running. I’ll break it down into the actual market garden tools, equipment and infrastructure we got along with the prices we paid.
After that I’ll also show you what I think you could start without when you start a farm on a budget.
In total I’ll be answering 23 of the most commonly asked questions I get regarding the finance of starting and running a small farm.
Below I’ve included all the questions I’ll be answering in this video. If you see a question that you’d like to know the answer to, simply click on the timestamp and you’ll be immediately prompted to that part of the video.
These are the 23 questions:
10:03 Question number 1: What is the initial investment cost of a small scale market garden?
19:52 Question number 2: How to find the start up costs, besides taking loans from a bank? And how did you do it?
23:38 Question number 3: Would you recommend to start on a low budget and invest in tools and infrastructure later on?
26:19 Question number 4: How much time, labor and money is needed to set up the infrastructure?
27:55 Question number 5: When is the right time to start?
28:31 Question number 6: What is the minimum land surface required to make a living for oneself and/or a family?
30:57 Question number 7: Is there a market for a small farmer in my area?
32:00 Question number 8: How long does it take to generate a revenue? And the time frame from seeding to selling?
32:51 Question number 9: How soon can you earn a living from the farm?
36:15 Question number 10: How much revenue can a one acre farm make in a season under normal farming conditions?
37:52 Question number 11: How to scale up? Especially with a limited budget?
38:38 Question number 12: How can you be sure that you can provide a constant income for your family (given the fact that a bad year/hail storm etc. can cripple or destroy a high percentage of your crops)?
41:20 Question number 13: When did you start making enough money to meet your daily expenses?
41:30 Question number 14: How much savings is required on the bank?
41:48 Question number 15: How to price your produce?
44:28 Question number 16: How to let go of the uncertainty of not making it? How to overcome the fear of failure? And were you scared at first?
46:25 Question number 17: Can your farming technique compete with larger commercial farming in terms of profitability?
47:13 Question number 18: How to ensure good production and revenue as I transition?
47:56 Question number 19: What is the best way for you to transition from giving up your regular job to becoming a full-time farmer?
49:40 Question number 20: What are the financial steps to take to transition into farming?
50:22 Question number 21: How can one survive the first couple of months of transitioning into farming?
50:41 Question number 22: How much did the land cost you? I’m having a hard time finding the capital to acquire a property to farm on.
51:33 Question number 23: How do you manage to balance family life, farming, the business side of farming, as well as educational content creation?
Here you can download the free eBook I mention in the video:
In this video I share the actual steps we’ve taken to start our farm:
In this video I cover 7 important tips when starting a farm:
In this video I cover all the market garden tools we use:
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