Last Updated on Mar 11, 2020 by James W
We all know at least one person who repeatedly informs us that one day – when they’ve saved enough money – they’re going to move to the countryside, buy a farm and live off the land for the rest of their days. This is obviously a bit of a pipe dream, and most will never realize their goal. However, there are people out there with lots of money to invest who’re seriously considering this endeavor to be a viable option, and so I thought it might be useful if I released an article highlighting both the pros, and the cons of this kind of business. As you’ll see, it’s not all smiles and roses.
So, if you’re seriously thinking of leaving your stable (excuse the pun) job and buying a farm with all the money you’ve saved for the last few decades, then give me your full attention for a couple of minutes, and I’ll attempt to bring all the benefits and drawbacks to light. It can be easy to overlook things when you’re making plans, so hopefully you’ll find all the information to be of some use. You never know; this post could either cement your current views or sway your opinion.
The Pros Of Owning And Running A Working Farm:
- You’ll be your own boss – Although you’ll be getting up at five o’clock every morning to start work, there’ll be nobody watching over your shoulder and picking up on any mistakes you might make. I see this as a good thing.
- High earning potential – If you have a good harvest and all your animals grow into healthy adults, it’s possible to earn hundreds of thousands of pounds every year. This is why many farming families are involved in the trade for generations. Obviously, there are certain expenses like building costs, but you can limit these by checking out the solutions available from companies that hire them or sell the completed structures like John Ruck agricultural buildings.
- Working outside in the clean air – For anyone who’s spent the majority of their working lives cooped up in a stuffy office, being able to work outside for a change and experience mother nature can be very appealing.
The Cons Of Owning And Running A Working Farm:
- A lot can go wrong – Most of us will remember what happened in the late 1990’s when Britain experienced an outbreak of mad cow disease. Thousands of cows were slaughtered, and many farmers were forced into poverty. Unfortunately, anyone owning a farm is particularly susceptible to exterior issues like this.
- It’s hard work – Unless the farm you purchase is big and profitable enough to pay for hired help, the work you’ll need to complete will be very demanding, and will almost certainly take twelve hours each day minimum.You can find John Deere Tractors for sale as well as combines and other equipment to make the work more efficient but will require additional investment upfront
- Bad weather can ruin everything – This is especially true for farmers who concentrate their efforts on growing crops. Just one unexpected frosty morning and all your money can disappear in an instant.
I think I’ve managed to provide you with a pretty balanced view of running your own farm there, so you should now have a better idea about the realities you’ll face. It’s always a good idea to keep lots of savings in the bank if you do choose to buy a farm, as sometimes you’ll need a reserve tank to keep you going through the winter.
Good luck, whatever you decide to do.