Posted in Hitting Paydirt
Are you stumped on how to add value and possibly revenue to your homestead? Or do you have so many ideas you don't know where to start? I suffer from the latter issue on our homestead and sometimes what I need personally is an objective look at what a particular project will take in order to bring it to fruition.
My dear husband sent me a neat website from the University of Florida Extension Service that is helping me get a clearer picture of how much I need to know and how much money is involved in adding revenue streams to an existing farm or homestead. While the citrus column won't be applicable to most of us, most everything else imaginable is listed, along with symbols indicating what level of education, capital, and land requirements are needed. Included is information on the risk of return on investment and marketing costs as well.
My personal tendency is to get all "romantic" about what I can make, grow or otherwise produce to add value to our homestead. Sometimes it's better to let the business spread sheet play a role in decision making. A little clear-headed objectivity is always a good thing!
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Denise Burns is the wife of Mike and the mother of Cooper, William and Eston. Their family farm website is Burns Best Farm and she blogs here at Homestead Blogger at a blog by the same name. She's got a lot of ideas but needs a whole lot more focus!
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