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June
13

Hobby Farming - Homeowners - Counselor Realty

Hobby farming can be a rewarding experience the whole family can appreciate. But, don't let the moniker fool you: It's also a lot of work and can in many ways become a second job. The key to doing it right is to do your research before you get started and to plan ahead so that you can find the right balance.

  • Set a Budget
    One of the first things you need to establish is your budget. How much do you want to spend, and how much will it cost to achieve your goals? In most cases, you'll want to establish steps and plan over the course of several seasons to achieve your goals. This will let you build your hobby farm gradually so that you don't have to front the cash all at once.

  • Do Your Homework
    Whether you want to plant corn and squash, raise horses, or breed livestock, there's no such thing as too much knowledge. The more you know about the work required for the type of hobby farm you want to build, the more successful your endeavor. Read as much as you can, and reach out to industry professionals. This will help you identify gaps in your knowledge. More importantly, it will broaden your network of advisors and potential partners. And, when it comes to hobby farming, the more people you know, the more people you can reach out to for help as you grow your operations.

  • Establish Goals and Milestones
    What are the goals for your hobby farm? Do you want to relax and enjoy the pleasure of creating jams, jellies, and canned goods for your family? Do you want to raise championship livestock and become the talk of fairs from here to the National Western Stock Show? Or do you want to establish another source of income as you near retirement? Establishing your goals first and working backward can help you set attainable milestones to guide you to your ultimate goal.

  • Be Realistic
    Farming is hard work. It can be fun and relaxing, but it's not all sunshine and roses. Droughts, diseases, market fluctuations, and regulations are part and parcel of the agricultural industry. The more you know about the headaches that can occur, the more you can plan to meet these challenges. Moreover, researching the more frustrating aspects of hobby farming and discussing these with your network will help you navigate them if necessary.

  • Get Ready To Get To Work
    Once you have everything set, it's time to roll up your sleeves and get your hands dirty. This is the fun part of hobby farming, but it's also the hardest. For this reason, it's wise to start gradually and establish a pace that works for you. And, don't try and bite off more than you can chew. While you will no doubt learn new skills and trades, don't hesitate to hire professionals to install plumbing and electrical systems, buildings, etc. Yes, it will cost you more upfront, but the long-term value of hiring professionals to do complicated and specialized work is an investment in the successful future of your hobby farm! 

Call today to learn more about Rochester homes for sale, or Saint Cloud homes for sale. Our real estate agents will help you find the ideal property for your future hobby farm!



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