What advice would you give a budding young farmer?

Derrick Hughes

Member
Location
Ceredigion
market what you produce

See it Grow, Satisfaction !

Successfully Market it , Satisfaction !

Receive Feedback from happy Customers, Satisfaction !

I would not be satisfied without all 3

Having said that is nice to see my hay in every Pets at Home store in the land, but my biggest pride will come from Seeing Peter Bowens Horse ride the Grand National on a diet of my Timothy Hay
 
If you want to succeed then throw yourself into it 200%. Always listen to those with more experience - they might not always be right but at least you will know how not to do it! If you're not prepared for a lot of hard work, having no money, being cold and wet for hours at a time and lying awake at night wondering how you're going to get through the next few weeks/months, then go and work for someone else. However, if you can cope with all that.... it's the most rewarding job in the world.
 

Yale

Member
Livestock Farmer
If you want to succeed then throw yourself into it 200%. Always listen to those with more experience - they might not always be right but at least you will know how not to do it! If you're not prepared for a lot of hard work, having no money, being cold and wet for hours at a time and lying awake at night wondering how you're going to get through the next few weeks/months, then go and work for someone else. However, if you can cope with all that.... it's the most rewarding job in the world.

A lobotomy helps.:confused:
 
Learn excel, then create the single most useful and important thing on your farm - a cash flow projected at least 18 months in advance more if you are able.

as a new farmer there is a massive chance you will be farming unsubed so your margins will be razor tight and you will have to have a excellent handle of where the business is and where cash flow gets tight. If you know this 4-6 months in advance you can plan and take and action, if you don't see it coming you can't do anything about it and that's called bankruptcy.

Next - update cash flow at least every 2 weeks. Do this religiously for at least 18 months because:

Very soon you will realise that to survive on thin margins you need SCALE - to achieve this you will need to talk to a bank and they will want to see that you are not a risk a fully costed plan going back and forward 18 months will give them confidence you are not a Moron and they may decide to take a punt on you.

Cash flow, cash flow, cash flow it really is THAT important

Note above assumes you are not producing a niche product that does not require scale or investment
 

Spencer

Member
Location
North West
market what you produce

See it Grow, Satisfaction !

Successfully Market it , Satisfaction !

Receive Feedback from happy Customers, Satisfaction !

I would not be satisfied without all 3

Having said that is nice to see my hay in every Pets at Home store in the land, but my biggest pride will come from Seeing Peter Bowens Horse ride the Grand National on a diet of my Timothy Hay
Didn't think you made hay? Thought you bought it??
 

ladycrofter

Member
Livestock Farmer
Location
Highland
Farming is the one of the few businesses where competitors help each other and share trade secrets, to put it in industrial terms. A fairly unique occupation in that sense. Make friends with local farmers, ask questions, listen politely to what they have to say. Take their advice or not, as suits you, but they've been at it longer than you and know the local marts/weather patterns/best varieties/etc. And remember, there's more than one reason not to work every hour that God sends. If you can't make a living working six days a week, you're not going to make it in seven either.
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 103 40.4%
  • Up to 25%

    Votes: 93 36.5%
  • 25-50%

    Votes: 39 15.3%
  • 50-75%

    Votes: 5 2.0%
  • 75-100%

    Votes: 3 1.2%
  • 100% I’ve had enough of farming!

    Votes: 12 4.7%

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