So, you think cattle farming is right for you? If you are passionate about cattle farming but don’t have sufficient funds or resources, this article will show you several ways to find funds for your cattle farm.
Do you think you are passionate about cattle farming, but don’t have enough money or resources to start? Starting your own business as a cattle farmer is not that difficult. However, to become a successful cattle farmer, it takes plenty of knowledge about animals, research and hands on experience. Most farmers, that start out small, work around the clock, 7 days a week, 365 days a year. So, get ready to work hard and make some sacrifices, at least in the early stages.
What do I need to get started?
To start your cattle farm, you would need land, some startup funds, equipment and supplies. You will also need to build fences around your farm area, build barns, shelters and sheds for your animals. If you can’t do all of this alone, it is a good idea to include a friend or a partner, someone with experience and resources.
Choose your location
Location is very important for your cattle farm, so think it through before you decide on a location. Consider climate, pasture lands, grazing area, barn area and so on before selecting an area for your farm. The area you choose must be favorable in terms of markets, seasonal differences, topography and vegetation.
Make a business plan for your cattle farm
Just like any other business, you will need to develop a business plan. You will need to include all your expenses, overheads and costs that you may incur in your operation. Research your area, and jot down anything that you think might cost money. For example, salary for staff, money for equipment, establishment costs, cost for purchasing cattle, cost for animal care and pasture management and also for additional cattle feed, . You may need to purchase insurance and health care for animals. Also plan for an emergency funds and reserves for any unforeseen occurrences.
Your business should include all your assets and liabilities, outline all your expenditure and incomes throughout the year, so that you would be able to figure out how much profit you could expect to make at the end of the year. A business plan is very helpful if you are trying to attract partners, investors or trying to obtain loans or grants.
Gathering funds for your cattle farm
When you are starting out, it is recommended that you start small. That way you don’t risk too much while you gather experience in the cattle farm industry. You should try to use as much cash as possible without getting into too much debt. Try talking to your family or friends for financial help.
Get Cattle farm start-up grants
Grants and Loans from USDA (The United States Department of Agriculture) and the Organic Farming Research Foundation might help you with some of the initial expenses of your ranch. There are several options available for young farmers and also for organic farmers, so you should check those out.
How to Start a Farm with No Money
“I have had to draw on all my life experiences to make my farm work. Just maintain an eagerness to learn, an earnest desire to work hard for what you have, and openness to new ideas and experiences.”
Video Credit: John Suscovich
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Source: Sustainable Livestock Nutrition
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- Grants and Loans | USDA
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