Capital: the high cost of getting started – BOOTSTRAP AT WILLOW SPRINGS FARM

By Hannah Becker, Willow Springs Farm A neighboring farmer likes to joke, “You know how you make a million dollars as a farmer? Start out with two million!” While my comedic neighbor’s joke isn’t accurate, farming does take a LOT of money just to get the ball rolling. Start-up costs for a small-scale agriculture operation can quickly get into six or seven figures. Land, equipment, operating capitol, property improvement, livestock, seeds—it all adds up. Here’s a run down on the financing options and big ticket purchases I’ve invested in at Willow Springs: Farm Assets Getting land was a “biggie.” It’s kind of hard to feel much like a farmer until you actually have some land to your name. Due to my student loans, I wasn’t able to qualify for traditional land financing; thankfully, I found a property owner willing to “owner finance” an undeveloped piece of land. While my property may not look like much to most people, it’s a come a LONG way since we purchased it a year ago. We cleared more than 200 bodock trees (by hand), built a barn, installed a driveway, fenced and cross-fenced, and put in a catch pen. There’s a lot[...]Read More