Well before you think about investing in land, all farm business beginners should seek out mentorships, work on farms, and write a business plan. These steps are crucial to go thru if for nothing else than to think thru your business. How much money will I make per month? What are conservative estimates for sales? What is my budget for living on, for building my business? How much can I save to invest in capital expenditures in the future? Who are my customers? What do they want to buy? Where do they buy my product? For more information on this, refer to the MISA publication “Building a Sustainable Business” available free online: and view farmer Rick Hartmann’s “Farminar” from December 2008 on the Five P’s of Marketing – Product, Price, Place, Promotion, and People
Finally, Join PFI of course, to be eligible for our Savings Incentive Program savings match for beginners (5 years or fewer) you must be a PFI member, farming now, and a legal resident of Iowa.
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