Owning even a tiny bit of land in a rural region can pay off big time if you manage it properly. Growing food and raising animals are the two most effective ways to put your property to work and convert it into your own small business.
Still, you can use the land for many different money-making opportunities. Continue reading to learn some of the best ways to make money from your small farm.
Open a Bed and Breakfast
Travelers love the serene nature and beautiful scenery that farms have to offer. Apps like Airbnb make it easier than ever to get prospective customers to rent out space and enjoy your land the same way you do. If you have spare rooms or can convert existing buildings on your property, you can open your own bed and breakfast that caters to folks looking to escape the hustle and bustle of the city.
Invest in the Right Equipment
To take full advantage of the animals you're raising and the food you're growing, you may need extra equipment to create opportunities for selling your farm products. For example, investing in refrigerated vehicles can help you safely and securely bring meat, dairy, and produce items to farmers' markets and businesses. You may also need proper storage devices, such as deep freezers, to hold everything until you transport it.
Let People Fish on Your Land
If you have any sizable ponds or the ability to dig them, you can stock the bodies of water with fish and charge people to catch them. There are two types of fishing you can set up: catch-and-release and fish-and-pay. Catch-and-release fishing is simply for the love of the game, as people spend time together and put the fish back after they catch them. Fish-and-pay means you will weigh the patron's haul and charge them by the pound.
Raise Worms for Bait
Small farms are loaded with dirt, making it easy to raise worms. These invertebrates can be incredibly lucrative when you sell them as bait to local shops and fishers. You can raise the worms in buckets, bins, or drums and collect your harvest in as little as three months. The soil left behind is packed with worm casings and contains some of the best sources of nutrients for your plants; you can even sell it as compost.
These are just a few of the best ways to make money from your small farm. No matter what, one essential thing you should do is examine what you have and aim to optimize your earnings by putting everything to work. All your efforts will eventually pay for themselves.