Starting A Farm Business
Success in farming requires a wide range of management skills, from developing realistic business projections and effectively implementing business decisions to managing risks and navigating the regulatory environment.
No matter what type of farm you are looking to start, our staff can help your farm to:
Where to Begin
Considerations in Starting A Farm Business provides a series of questions to be answered before one starts the farming operation. These questions help to frame the business.
The Guide to
Farming in NYS (at left) contains fact sheets on everything
from finding land to financing an operation, regulations on marketing and
processing, and tax benefits of farming.
Farm Business Management Skills for the 21st Century (Purdue University) -- For many farmers, producing great food is not the hardest part of maintaining a viable farm, it’s managing the business and marketing products in order to make money.
Business planning is a tool to help map and test the feasibility of a farm business startup. It is a dynamic tool that changes through time as the business changes due to internal and external pressure. It allows one to test “what if” scenarios.
The Soil Survey of Broome County was published in 1974. The Survey includes a list of soil maps along with descriptions of the soils, parent materials, slope, drainage, description of soil profile, and natural tendencies related to use. The Survey is available at the Broome Co. Soil and Water Conservation District and at Cornell Cooperative Extension. In addition property owners can find out about their soils through the Internet by clicking here or through the Natural Resources Conservation Service Web Soils Survey.
We suggest having a soil test conducted to better understand the composition of your soils in relation to the types of crops you would like to grow. You can find out more information about soil testing here.
When purchasing a farm through a realtor, many real estate brokers require pre-approval for a mortgage before showing a property. The following financial institutions and agencies deal with agricultural lending; some also offer other services that go along with the purchase of a farm including: appraisals, tax preparation and financial planning.
NBT Bank N.A.
Address: 7605 State Street Lowville, NY 13367
Last updated September 27, 2023