Farming in this day and age is more difficult and stressful than ever before, but it’s also more respectable. Though it is often thankless hard work with long hours and little separation between work life and home life, living and working on a farm can be wonderful. Of course, now more than ever, there are many costs to farming. Here are some incredibly simple ways to lower costs on your farm.
Sell Or Trade In Equipment
Selling or trading in older equipment that doesn’t work well for your purposes anymore is a great way to make some extra cash or to get some better equipment that will help your farm to make more money. Doing research and comparing different tractor models is an excellent way to find the right one for you that will not only help you cut down on costs but also help to improve your farming business as a whole.
As with any business, make sure you keep records of everything on your farm. This goes for everything from buying supplies, selling animals, hiring employees, the amount of hours you work, electric bills, etc. Keeping records will help to give you a much better idea of exactly how much money is coming in and going out and you will be able to clearly see where you can or need to cut back.
Keep A Routine
Keeping a routine and staying organized on your farm will always work in your favor. If you or anyone you employ strays from the routine, it could end up costing you extra money in small ways that you may not notice at first but would absolutely line up.
Use Fewer Suppliers
Cutting back on suppliers can seriously help you to lower costs on your farm. If you use too many suppliers for feed and other various farm needs, you are probably not getting the lowest prices possible. Suppliers are much more likely to give you huge discounts if you develop a relationship with them, work with them for a long time, and order multiple supplies from them. Ordering as much as you can from each supplier will also mean less confusion and less work for you!
Grow Your Own Food
You already own and operate a farm and likely have plenty of extra land to utilize for growing produce. Stop shopping at the grocery store or farmer’s market for anything you can grow yourself. This will help you save thousands of dollars a year on food for you and your own family.
Don’t let the expenses of running a farm get your down. Follow the above tips and do some more research to figure out the best ways to lower costs on your own farm.