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What To Expect When Looking for Your First Farm


What To Expect When Looking for Your First Farm

Owning a farm is exciting. Whether you’re yearning for acres of vineyard, orchard, or pasture, each farm is as distinct as what you sow. However, buying a farm requires substantial planning. Find out what to expect when looking for your first farm so you can take the right steps to success.

A Concise Budget & Strategy

First-time farmers must understand the financial dimensions of farmland ownership. Establishing your goals and solidifying your budget go hand-in-hand. Before your tractor ever touches the soil, define the scope of your farming ambitions.

Are you nurturing organic, community-supported agriculture (CSA), fostering sustainable practices in a pastoral setting, or doing vineyard development for a new winery? The nature of your farming goal will dictate everything from the size of your farm to the terrains skirting your property.

Once you know what you want to grow and how much space you need to do it, budget your strategy to learn how affordable it is. This plan ensures you can make adjustments if necessary. You should also include expenses like equipment, labor, insurance, and unforeseen costs in your budget.

Detailed In-Person Inspections

The foundation of sustainable farming is the earth beneath your feet, so take a closer look at the property and conduct any necessary inspections or tests. For example, soil quality is non-negotiable; it dictates the fertility of your land and by extension, the success of your farm.

You should personally confirm the property is suitable for your applications. Test the water, test the soil, and inspect structures on the property to predict how safe and healthy your farm will be.

Working With Real Estate Agents

One more thing to expect when looking for your first farm is working with a real estate agent. Talk to someone local who specializes in farmland sales.

Navigating the farm real estate market without a guide can be tricky. A skilled real estate agent who specializes in agricultural properties will help you uncover the hidden gems suited to your aspirations.

Before taking the reins of farm ownership, construct a solid business plan. You can communicate the plan to your real estate agent so they know what you’re looking for. For example, at Midwest Land Management, we have various Midwest farms for sale, ranging from 74 to 160 acres. We can help you begin your operations, no matter the scale.

By knowing what to expect, first-time farmers can set off on a rewarding path. Browse the available farmland in your area today to get started!