The Agriculture industry of which “commercial farming” is a subset of, is no doubt amongst the leading industries in most countries of the world. Commercial farming is all about mass-cultivation of crops and rearing animals, fish etc for the sole aim of making profits. In most cases it is referred to as mechanized farming.
With the recent advancement in technology farmers can now comfortably grow crops in a country where such crops can hardly survive and in places where there are few farming land. People can even make use of the rooftop (basement) of their houses to cultivate crops even for commercial purposes.
One thing is certain about commercial farming. If you are able to conduct your market research and feasibility studies; you are more likely not going to struggle to sell your farm produce because there are always food processing companies and consumers out there who are ready to buy from you.
With commercial farming, you can afford to combine crop cultivation and animal husbandry or you can decide to only specialize in the cultivation of crops or rearing of animals. 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 your business.
Commercial farming/Agriculture, or otherwise known as agribusiness basic characteristics is that high doses of modern inputs are used for higher productivity such as high yielding varieties, fertilizers, insecticides, pesticides, weed killers and so on. In commercial farming, crops that are in high demand, i.e. crops that need to be exported to other countries or are used as raw materials in industries are produced mainly. In addition, the extent of agriculture marketing differs from region to region.
WHAT DOES IT TAKE TO START A COMMERCIAL FARMING BUSINESS?
After all that has been done, there will be the need to draw u a “farming business plan” . Starting your farming operation 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. It enables you to follow a guided path that is growing and summounting business business challenges. Writing a professional business plan might not come easy as it requires that one goes technical/financial in some sub sets of the business plan document. This is the areas where an expert comes in. There are business plan writers who are specialized in the business of helping rookies draw up business plans.
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