Best Farm Investments for the Small Farmer
If you own a small farm, there is no shortage of stuff competing for your time and money. This includes new opportunities, new tools, and (sometimes) new toys. So what farm investments will pay you back for the time and money you put into them? Here's a few of my plans for investing in New Terra Farm, to get us ready for the farm challenges I see in the near future.
Weather-proofing your farm. You may have noticed we're having a lot of weather this year. Every time I turn on the news, there's a 'once in a century' rainstorm, or a '300-year flood'. I think the old norms and traditional weather patterns are changing, and the farmer better get ready for the new world of turbulent weather.
At New Terra Farm, we've always used raised beds, row cover, and drip irrigation to try to offset flooding, freezing and drought. But this year, due to the cold, wet spring, we're still 2 weeks or more behind in the garden. So this year we're going a step further, and putting up two large poly-tunnel hoop houses. While I expect this will pay off in terms of extending our season, there is also a major benefit in being able to start farming even if its cooler and wetter than usual.
Ensure your water supply. I think building a farm pond or other backup sources of water -e.g. a cistern - is one of the best farm investments you can make. Seems like any place not experiencing flooding this year is suffering from drought. Do what you can to ensure a secure supply of water for your crops and animals.
Invest in appropriate technology. We find it's getting increasingly tough to find good farm help. At the same time we're not getting any younger, and 8 or 10 hours a day of 'stoop labour' is losing its appeal as we progress through our fifties.
So we're biting the bullet this year, and spending some serious coin on a tractor and tillage and seeding equipment. We're opting for a diesel loader-tractor, since we will be able to run it on bio-diesel if fuel becomes an issue.
We will be changing our growing methods somewhat, since the equipment gives us new capabilities. I will probably increase my use of plastic mulch film, for example, to help suppress weeds, warm soil, and help retain moisture.
After experimenting with plastic mulch for a few seasons, I've come to the conclusion that I prefer the regular poly film type over the 'bio-degradable' film that breaks down in the soil. There's a couple reasons for that: - The regular film will last for two or three seasons, if installed properly. This means less work and less expense in the long run. I can plant lettuces through it one season, then beans the following season, and finish with peppers in season three, all without having to re-make the raised bed or re-install the plastic.
- When I am finished with the plastic it can be removed and recycled. The bio-degradable stuff breaks down and I don't know what it leaves behind in the soil. I can get pretty close to 100% of the other stuff out of the garden when necessary.
- Soil life doesn't seem bothered by either type. Whenever I pull up the plastic mulch I see lots of worms, bugs and soil life of all kinds. Doesn't seem to be harming anything.
Invest in energy-intensive goods. Anything that requires a lot of energy - e.g. steel - or a lot of petrochemicals - e.g. plastic - to produce is only going to get more expensive. This includes things like fencing wire and steel t-posts, hand tools, tractor parts, and poly film for hoop houses and mulch. We plan to buy a lifetime supply of these items over the next couple years. If stored out of sunlight poly film will last indefinitely. And wire fencing and t-posts will last decades if kept out of the wet. I think these farm investments will have a better payback than RRSPS or IRAs; they make good barter items, too.
Invest in perennial crops. I mentioned we are changing our growing methods to suit the capabilities our new technology will give us. We are also going to add perennial crops like grapes, brambles and nut and fruit trees to our crop mix. Once established, these crops will produce for many years, with much less maintenance than annual vegetable crops. Less work, more crop diversity, as farm investments go that's a win-win.
Invest in yourself. Knowledge is the ultimate farm investment. I spend thousands of dollars a year on improving myself; (some might say I have a long way to go;-) This means not just learning more about gardening and farming and animal husbandry, but also learning about setting goals, how to stay motivated, how to market on the Internet, how to bounce back from failures, and in general how to be a happier, more focused, and more fulfilled individual. I believe this is one of the best farm investments I can make.
See the links below and the information resources at right for further reading . . .MORE GARDENING AND FARMING RESOURCES . . .  Free Super Salad Garden Book Free Gardener's Secret Handbook Free Guide: A REAL Work-at-Home Business Money Grows in your Garden Profit from Pastured Poultry Growing and Selling Premium Pork 3 Businesses in One - The Complete Start Farming Pack  Best Garden Videos - Food4Wealth
Growing for Market Get Started Checklist
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