Careful consideration and planning, and in many cases financing, are necessary to get hobby farms and farm businesses of all sizes off the ground and financially sustainable.įarming is the biggest private industry in Virginia, with almost 46,000 farms across the state. While deals can still be found, finding the right land to purchase or rent at the right price can be daunting, and equipment costs can quickly add up for even the smallest operations. Running a small farm can be a rewarding hobby as well as a profitable business or side-hustle, but because of the nature of farming-startup costs are high and success often relies on experience-it’s not easy to dive right in. To continue to encourage the growth of new farms, even the USDA has put money on the line, “nearly funding for the only two programs specifically designed to support beginning and socially disadvantaged farmers,” according to The Atlantic. If you’ve been considering starting a hobby farm or a small farm for profit, you’re one of thousands of Americans of all ages who have recently delved into the field. Custom Options Apply to become a member of our team.Custom Options Customized options to finance your dream home.Custom Options Compare business checking options to manage cash flow.Custom Options Compare personal checking options to manage everyday spending.
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