Starting a new farm comes with many challenges and uncertainties. But one key factor to being successful is having solid financial numbers. It’s important to understand your cost of operation, know your inputs, and set realistic yield expectations. By having solid financial numbers and projections, you can make informed decisions that pave the way for your farming success.
Kevin Plante, Senior Agriculture Specialist at the Wisconsin Farm Center, says the first step new farmers should take is establishing a plan of action.
“Utilizing the SMART (Specific, Measurable, Achievable, Relevant, Time-bound) goal-setting framework can be a valuable tool,” explains Plante. “However, it's essential to approach this as a multi-year transition. Starting small and gradually scaling up is often a more realistic and sustainable approach.”
Plante adds, “For those with questions or seeking guidance on their farming journey, Wisconsin's Farm Center offers assistance. Our team is ready to engage in conversations, understand your needs, and help you chart your path to farming success.”
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