- Location
- Perth/Fife
How can you have time for a third job when you already have 2?
Starting a farm from £10,000
- Thread starter Jamie_simnettt
- Start date
- Location
- Derbyshire
sorry, but how are you going to move forward with your business if you haven't even retained your original plan.
Even I have a copy of our original plan and application for a council holding from 1996.
20k savings + 20k bank overdraft was what was needed for 23 acre holding.
If one thing you will learn from this, it should be write your plans and goals down on paper. Keep it to go back to in future. It will help you find your way - even if you change your plan.
Research has shown that people who do this are 10 times more likely to succeed in business.
- Location
- South Wales UK
Livestock is at an all time high at the moment so your not get much for a grand.
Rich_ard
Member
There is always someone who manages to make ago of it though. Not sure if it's good business or just shear determination.
serf
Member
- Location
- warwickshire
Sum on use need to get up in a mornin ...
- Location
- South Wales UK
Yes didn't say fail or succeed just stating the obvious maybe!
Go and buy 50 killing ewes , win win
- Location
- Scottish Highlands
Location, location, location.
- Location
- Ledbury, Herefordshire
I suppose I started with a bit more than that (but not much).
I'd done bags of learning though - went to talk days and networking, had been given figures for a similar enterprise so that I got good insight into all the things my own plans hadn't accounted for. I had a clear idea of where I was going and what I wanted to achieve, and how I would do that.
I kept meticulous records of costings, analysed everything I did in terms of value towards the business, kept detailed performance records of stock etc etc.
You don't even sound like you have a clear idea of what you want to do, let alone how to achieve it. Its not easy to make money farming, especially as a start-up with limited funds. I suggest you begin by working out what you actually want to do.
You then might be able to begin working out if it's financially vaible, if it suits your skillset, etc etc
Then you might be able to put together a coherent business plan.
Then you might consider borrowing money.
I'd done bags of learning though - went to talk days and networking, had been given figures for a similar enterprise so that I got good insight into all the things my own plans hadn't accounted for. I had a clear idea of where I was going and what I wanted to achieve, and how I would do that.
I kept meticulous records of costings, analysed everything I did in terms of value towards the business, kept detailed performance records of stock etc etc.
You don't even sound like you have a clear idea of what you want to do, let alone how to achieve it. Its not easy to make money farming, especially as a start-up with limited funds. I suggest you begin by working out what you actually want to do.
You then might be able to begin working out if it's financially vaible, if it suits your skillset, etc etc
Then you might be able to put together a coherent business plan.
Then you might consider borrowing money.
Direct to consumer is the only route you can go down. These mega farms with loads of land can’t make it pay at market, you have no hope.
Rent a field, get some chicken tractors, advertise to death on social media, butcher and sell said chickens.
Rent on a field - £1200 for the year
Chicken tractors - £500 in materials
Chicks - £300 (300 chicks at a £1)
Costs = £2000
Sales - 300 chickens at £10 = £3000
Grow it yearly, add pork and other things. Job done.
Do not take out debt, not worth it, especially when you aren’t in the land owning class.
Rent a field, get some chicken tractors, advertise to death on social media, butcher and sell said chickens.
Rent on a field - £1200 for the year
Chicken tractors - £500 in materials
Chicks - £300 (300 chicks at a £1)
Costs = £2000
Sales - 300 chickens at £10 = £3000
Grow it yearly, add pork and other things. Job done.
Do not take out debt, not worth it, especially when you aren’t in the land owning class.
- Location
- Exeter, Devon
Where in the country are you?
How close to population centres are you?
Most importantly, what do you particularly enjoy about farming - livestock, machinery operating, growing things as examples?
How close to population centres are you?
Most importantly, what do you particularly enjoy about farming - livestock, machinery operating, growing things as examples?
Andrew_Ni
Member
- Location
- Seaforde Co.Down
You’ve forgotten feed, mortality and processing. That’s not all free.
Also allowed £1200 for a small field, which it most certainly won’t be.
Norfolk
Devil's advocate
Member
- Location
- Posh side of Barnsley
As soon as you can buy a terraced house which is in need of repair.
Work to earn as much as you can, smarten the house up as much as possible. Every two years sell & repeat, try to build up more equity & a better house every two years. Also need to find jobs which pay a higher hourly rate.
After 10 years you may be able to afford two houses one to rent out & one to start the process over again. It would be a huge help to have a sensible partner, idealy with a good income & possibly inheritance.
Sorry not what you hear, but its the only way to get where you want to be.
Whatever you do, stay legal or you could lose everything.
Work to earn as much as you can, smarten the house up as much as possible. Every two years sell & repeat, try to build up more equity & a better house every two years. Also need to find jobs which pay a higher hourly rate.
After 10 years you may be able to afford two houses one to rent out & one to start the process over again. It would be a huge help to have a sensible partner, idealy with a good income & possibly inheritance.
Sorry not what you hear, but its the only way to get where you want to be.
Whatever you do, stay legal or you could lose everything.
What different contract services are you going to offer? what’s your usp because to nick work off someone else you either have to be better at timely ness (how with 2 jobs already), much more advanced specialist kit (£10k won’t touch the sides) or highly skilled. The best way to earn money atm at farming is by selling your labour, spend money to get every ticket so your legit and spend on money time off from your other jobs to subsidise learning. We had a lad turn up here, he was so keen to get into farming (so he said anyway), had no tickets for anything (bike, telehandler, chainsaw or pa1 &pa2), I said basically you can’t do anything here then.
Before you go out on your own you need to get some experience working for other people.
If you set up the "Norfolk paddock maintenance company" and your first job is putting some water troughs in but you've never done it before, you don't know how deep to lay the pipe, or how much concrete to put in the pad, then your going to come unstuck pdq.
5 years minimum working in the sector for someone else, then branch out on your own
If you set up the "Norfolk paddock maintenance company" and your first job is putting some water troughs in but you've never done it before, you don't know how deep to lay the pipe, or how much concrete to put in the pad, then your going to come unstuck pdq.
5 years minimum working in the sector for someone else, then branch out on your own
Is it farming you want to go into? Or contracting?
They're different businesses you realise?
If it's farming, you will almost certainly soon discover firstly that those crusty ole twits you worked for can't have been making much, and secondly, when it's all going pete tong....goodness, perhaps they weren't such twits after all.
If it's contracting.... and if it's big shiny machinery that goes vrooooom, and has 2 of those flashy orange beacons and a whippy aerial ....you will very likely steadily lose money.
If it's a route to earn a better income than simply supplying the labour for someone else, I would start with hand tools and a vehicle to get about.
If you've already experience in various tasks ....fencing/hedging/stock work etc, go self employed and offer those services.
If you're blessed with skills and determination, you can make money working out in the weather.
If you're determined to 'farm' in your own right, accept from the get go that it isn't going to make you much.....
Your best chance of success will be to retail your product (that means selling direct to the consumer). Then you'll realise that the money is in the retailing, not the production.
Good luck.