Why Hobby Farms Are Becoming More Popular in the US
In the not-so-distant pass, the agriculture industry in the United States was populated mainly by independently-owned farming operations. But by the end of the twentieth century, many of these small farms had been subsumed by large-scale, corporate farming enterprises. Today, however, a growing number of people are starting to establish their own “hobby farms.”
Are you interested in starting your own hobby farm but aren’t sure how to get started? If so, acreage lending and land loans can be a great jumping-off point. In this article, we’ll discuss everything you need to know.
What Is a Hobby Farm?
Hobby farms are plots of land that are cultivated primarily for pleasure rather than as a means of generating income. That said, it’s by no means impossible to marry business with pleasure when you own a hobby farm. Plenty of people grow crops on hobby farms which they subsequently are able to sell at local markets. By and large, however, hobby farms are considered to be passion projects, not business endeavors.
Generally speaking, any farming operation that’s smaller than fifty acres can be considered a hobby farm. Anything larger than that is typically considered to be a full-scale farming operation.
Why Have Hobby Farms Become so Popular in Recent Years?
The rise of small farming operations throughout the US in recent years is attributable to a number of factors. Some of them are economic, some are ecological, and some are health-related.
Here are a few of the benefits that have inspired people across the US to start their own hobby farms:
- Starting a hobby farm can generate additional income. As mentioned, profits are generally not the primary reason why people start their own hobby farm. But if you’re looking to earn a little extra cash, hobby farms can be a viable and profitable side business.
- Hobby farms allow you to provide your family with a nutritious and diverse diet. Growing your own food supply enables you to control the health content and makeup of your family’s meals. No more having to worry about any harmful additives!
- You will minimize your ecological footprint. Industrial agriculture has long been known to be one of the main drivers of ecological disruption. Starting a hobby farm allows you to lead a more sustainable lifestyle while providing a positive example for others.
Starting a Hobby Farm with Acreage Lending
As you’ve probably already guessed, starting a small farm operation will require some time, energy, and financial investments. It’s a small price to pay, however, compared to the benefits you’ll enjoy as the proprietor of a hobby farm. Acreage lending from MSF Agriculture can provide you with the financial assistance and debt-payment options you’ll need to get started!
Shop Acreage Lending Options for Hobby Farms
MSF Agriculture can match you with a loan option that will help to make your hobby farm dreams a reality. To learn more about our acreage lending services and options, please contact one of our expert lenders today!