For example; in 2006, the average American commercial farmer grew enough food for about 144 other people and also in 1940, the average farmer grew food for about 19 other people (which was close to enough food).Records has it that in 2007, just 187,816 of the 2.2 million farms in the United States of America accounted for 63% of sales of agricultural products, marking a trend toward the concentration in agricultural production.
There will always be a need for farmers to feed the teeming populace, as it is one sure way to guarantee food to the people.
Starting a farming business might not necessarily cost an arm and a leg to start; however, there will always be the need to learn all the ropes that is needed to be mastered before delving into the business.
Agricultural efficiency has increased over the past century from 27.5 acres/worker in 1890 to 740 acres/worker in 1990If you are tinkering with the idea of starting an agriculture industry to generate huge income, then one of your best bet is to start a commercial farm.
Commercial farming is all about mass – cultivation of crops and rearing animals, fish, and birds, etc. In most cases it is referred to as mechanized farming.
Nothing is more critical to a new farm business than a good farm business plan.
This is your roadmap to start-up, profitability, and growth, and provides the foundation for your conversation with USDA about how our programs can complement your operation.Lastly, with commercial farming, you can afford to combine crop cultivation and animal husbandry or you can decide to only special in the cultivation of crops or rearing of animals / birds / fish.The bottom line is that if you have enough land (space) and you are interested in maximizing commercial farming, you are sure going to make huge profits from the business.Starting a business with a business plan in place is one of the best things that could possibly happen to any business.This is so because of the clear cut direction which a business plan gives.Our commercial farming is a going to be standard commercial farm , hence will be involved in commercial crop cultivation, fish farming, poultry farming and of course animal farming.We will be involved in both organic commercial farming and non – organic commercial farming.This is because of the importance of starting off well-armed with the basic information that is needed to thrive in this trade.After all that has been done, there will be the need to draw up a business plan. If YES, here is a complete sample commercial farming business plan template & feasibility report you can use for FREE.Okay, so we have considered all the requirements for starting a commercial farming business.