Farming. How easy to start with zero knowledge?
Discussion
It is easy to look at a diversified farm business that is performing well and think 'I can do that'!
It is worth remembering that most successful diversified farm businesses take a lot of time, effort, investment and commitment to become the success you see. Along with a good deal of luck. For every attempt at diversification that succeeds, there will be at least two that fail.
The farmer who is diversifying his business already knows how to run the farm reasonably well/professionally.
You think you can effectively start two new businesses you probably know nothing or very little about. Good luck with that!
It is worth remembering that most successful diversified farm businesses take a lot of time, effort, investment and commitment to become the success you see. Along with a good deal of luck. For every attempt at diversification that succeeds, there will be at least two that fail.
The farmer who is diversifying his business already knows how to run the farm reasonably well/professionally.
You think you can effectively start two new businesses you probably know nothing or very little about. Good luck with that!
hidetheelephants said:
Leithen said:
... inheritance tax advantages mean that land and farm prices are artificially high.
Bing! Until this is changed agriculture in the UK will remain hobbled to subsidy or niche value added stuff.It is also worth remembering that mother nature and the weather have a big say in farming incomes. Neither have helped this year.
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