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| My husband and I are really wanting to start a farm. We are looking at around 40 acres and we know nothing. What is the most profitable livestock to raise? We live in Western KY and right now they are not building any more chicken or hog houses. We are thinking about cattle, but how long would it take to get any return? In order for us to purchase the farm, what ever we decide to do would have to cover the house and land. We just don't know where to start. Any advice would be greatly appreciated.
Thanks,
C | | Author : C Morgan | | Date Posted : 11/7/2009 11:46:19 PM | |
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| | | Re:Starting a farm....??? | Report this Message | Reply to this Message | You may want to talk to a few local farmers and see if you can work part time with them to get an understanding of how a farm works and to learn about the business of farming...
Good luck,
J | | | | Date Posted : 11/9/2009 3:56:15 PM | |
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| | Re:Starting a farm....??? | Report this Message | Reply to this Message | Tobacco, west ky has a great opportunity for small acreage to produce a good income. There is more than enough knowledge via extension and retail ag services. If you don't want to get into that rent out acres on a share basis in either cattle or tobacco.
Cheers | | | | Date Posted : 11/9/2009 5:46:35 PM | |
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| | Re:Starting a farm....??? | Report this Message | Reply to this Message | | hi , my husband and i are looking to relocate as our current farm is rented we have been here for 8 yrs and our landlords have said they would like to take over . so we have 7 horses and have raised goats pigs and cattle and emu and rainbow and arctic char. we are currently looking for something to either rent to own or just help with an exhisting business. could you pls give me some pointers thanks krista | | | | Date Posted : 11/10/2009 3:26:28 PM | |
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| | Re:Starting a farm....??? | Report this Message | Reply to this Message | | For get it.! You may want to with all your heart but you cannot make it on 40 acers with cattle. If you know nothing , its going to be a very exspencive lesson. Your input cost will far out weigh the return on your investment. The cattle market is down right now, it has deciled 7 to 10 cents a year for the past 6 years. Your input cost has increased from 8 to 10 % in the same amount of time maybe even more. Summed up you buy at retail and sell at wholesale, and you cant handle the number of cattle you need to make it even a half way brake even. Go to Vegas your odds are better!!!!!! | | | | Date Posted : 11/27/2009 10:17:32 AM | |
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| | Re:Starting a farm....??? | Report this Message | Reply to this Message | Hey you and your husband may also want to look into legal advice also, especially when it comes to contracting your services etc to different businesses in your surrounding area.
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