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Happy New Year! As 2013 has come to a close and 2014 has begun I thought it would be fun to take some time on today’s episode and answer some listener questions that have come in lately. Over the years of blogging my journey to farming and now podcasting I have been humbled by the number of encouraging e-mails and messages I have received. I’ve been trying my best to stay on top of them and respond, but lately I have been ask quick to respond as I would like. Hopefully this will make up for some of my slow responses … and get some discussion going! I’d love to hear your thoughts on todays listener e-mails.
Today’s Listener Feedback/Questions …
- How about smells and samples at the Farmers’ Market?
- Raising a few pigs for yourself without purchased corn/soybeans?
- How do you price your pork so that you can make money?
- Any on-line suggestions for chicken tractor plans?
- What sort of certifications do you need to sell poultry or eggs?
- What do you think of partnering with others in a farming venture?
Links Mentioned in Today’s Episode …
- Episode 37 on Alternative Feed (Especially check out this link and this link)
- Episode 10 on Setting Prices
- Stress Free Chicken Tractor Plans eBook
If you have an input on the topic be sure to leave a comment below or send us an e-mail.
As always, I want to thank you so much for listening and supporting the show with your encouragement and reviews on iTunes! I am continually working to produce a better show, and I’m thankful for all of the listeners sticking with me as I learn. If you do enjoy the show, don’t forget that you can subscribe on iTunes and leave a five start rating and review (by clicking the link or the image on the right). If you are an Android phone user you can also subscribe on the free Stitcher App. It is so very encouraging to know that people are listening and enjoying the show!**Special Note :: A few users are experiencing issues downloading the show on iTunes. If you have any experience with podcasts and how they can play nicely with iTunes I would love some suggestions.**
“…What do you think of partnering with others in a farming venture?…”
If I was setting up some sort of partnership with someone else, I would talk to a lawyer and set up some sort of agreement to establish who owns what, how the labor is divided, how the profit is shared, etc.
I farm my parent’s land and for various reasons it isn’t a “typical” rental situation. We set up a LLC that lays out who contributes what to the farm operation, how the labor and management is split, and how the production form the farm is split. I’m not sure if the rules for setting up a LLC are different state to state, partnerships might work differently in your state, so talk to a lawyer.
The LLC has a bank account and everything made on the farm goes into that account. If something is bought for the farm it is paid for out of the account. On a side note, having a separate account for the farm makes it pretty clear if the farm is making money.
At the end of the year, the LLC has it’s own tax return filed and the members of the LLC pay the taxes they are responsible for (you’d need to work that out with your accountant).
A farm should be ran as a business, even a small farm that is just starting out.