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For many, farming is a cost-effective way to satisfy your basic needs. For others, tending a small farm away from the bustling city is a great way to escape the chaos, relax, and enjoy the quiet of nature. This is supported by the rise in hobby farms, with about 36% of the total farms in the US being allocated as such.
However, your hobby farm can also be a profitable side hustle if you take the right steps. Are you interested in making some money from your love of farming? Then here are some ideas to help you out.
Sell farm by-products
There are a lot of by-products that get left behind when tending a farm. Well, these have resale value. For instance, if you have feathered animals such as turkeys or hens, their feathers can be sold to hat-makers or locals who make crafts. Animal feces and rotten crops can be bagged to be sold to other farm or garden owners as a rich and organic manure for a good price.
Additionally, you can sell bales of chopped grass to neighboring animal farms as this can be used as feed. Nothing truly goes to waste on the farm. Therefore, explore how various by-products you produce can make you a profit.
Rent out equipment
Purchasing equipment for your hobby farm is a hefty investment. Not only does it ensure that you enjoy your hobby, but it can also be a way to make money! How? By renting it to others. Farming equipment can be expensive, making it difficult for small farmers to purchase all the tools they may need. This makes renting a smart and profitable side hustle.
However, to benefit from this business strategy, you must invest in high-quality equipment that is reliable and easy to maintain. If your equipment only makes the task tougher, renting it would be pointless. Research reputable brands such as AKRS equipment to ensure you purchase items worth the investment.
Create a bed and breakfast
Like you, some people enjoy the peace and quiet of living on a small farm. You can take advantage of this niche by transforming a part of your farm into a bed and breakfast facility. This is a great idea if you have a relatively sizable space on your farm.
Three rooms should suffice, as these are used for short stays. You can include a breakfast with ingredients taken from the farm. You can also allow your visitors to explore your farm and even educate them about farming with some hands-on training. Giving visitors a wholesome would encourage them to return or recommend the farm to friends.
Farms are an excellent source of income. As the saying goes, “do what you love and the money would come.” What an excellent way of doing that by turning your hobby into a side hustle. Although the list above can be helpful, it is not an exhaustive list of all you can do on your farm. So, get researching to find more creative ideas!