If you have always had a dream of getting away from the rat race and becoming a farmer, there is no time like the present for making your dreams come true. Perhaps the most crucial step in the process is finding the right farm for your needs. Acquiring a farm is not as easy as buying a residence in most cases. This article looks at some of the major considerations you should keep in mind.
Buy or Lease
Purchasing a farm is a huge financial investment and might not be the best choice for a new farmer. Leasing a farm is less expensive and gives you a chance to farm without a long-term commitment. If you decide that farming is the right vocation for you, then you always have the possibility of buying a farm later. In some cases, you might have the chance of obtaining a lease to own option.
One of the main considerations when looking at a farm is the fertility of the land. If the soil is not productive, even your best efforts will not be sufficient. The soil should be tested for nutrients and any possible deficiencies. Your county extension agent should be able to help you with testing or you could send a sample to a private lab. Check out the United States Department of Agriculture's online soil survey as well. They provide you with data on the farmland in your area.
Water is another crucial factor in your search for the right farm. You must have a reliable source of high-quality water. In some cases, the farm might be hooked up to the municipal water system, but often the property is too far away. Test the water source on the farm, just as you would with the soil. Send a water sample to a lab to see if it's uncontaminated. Also, look for a farm with more than one water source, so if one goes bad you have a backup.
In addition to the land and water, the farm will most likely have several buildings on the property, such as a house, barn and various outbuildings. Make certain that these buildings are all structurally sound before signing an agreement to buy or lease by engaging the services of a local building inspector.
The search for a suitable farm will go more smoothly if you have professional assistance. Get in touch with a real estate agent who specializes in farmland for more information.