If you're ready to start running a farm but don't know that much about growing crops, don't let your inexperience stop you from realizing your dreams. You can still enjoy the benefits of owning a farm, even if you don't have experience. Hay farming is a great way to live off the land and reap the benefits that come from owning your own farm. Here are four reasons you should invest in a hay farm.
Lower Initial Investment
If you want to buy a farm but you don't have the budget for a big investment in equipment, it's time to look at a hay farm. One of the benefits of owning a hay farm is that you can get started with a smaller investment. The reason is that you don't need a lot of equipment to run a hay farm. You can start with the basic equipment such as the tractor, mower, baler, and baling wagon. As you start turning a profit, you can invest in other equipment.
Reduced Annual Costs
If you're worried about the annual costs of running a farm, become a hay farmer. Cash crops, like produce, require annual investments in seed and fertilizer. But, hay farms require very little in the way of annual costs. That's because your hay fields won't need to be reseeded each year. In fact, with proper care and management, your hay field will give you about five to six years of crops before you need to reseed it. Not only that, but you can also get more than one cut from your hay crop each year.
Limited Storage Needs
If you want to run a farm, but you don't want to worry about storage and other issues, look into hay farming. Once hay is cut, it will need to be dried and baled. But, after that, you'll be able to sell your crop right away. If you sell your entire crop each year, you won't need to worry about onsite storage buildings. You will need to provide a good cover for your bales though. That way, they stay dry.
Room for Expansion
Finally, if you buy a hay farm, there's always room for expansion. This is especially important if you want to branch out to other crops in a few years. When it's time to reseed your fields, reserve space for other crops. That way, you can have a crop rotation going on your farm.
Contact a property company to see hay farm properties for sale in your area.