When it comes to starting your own dairy farm, there are a lot of things you need to know before you go out and start making business-related purchases. Most people will say that they always knew they weren’t cut out for the rat race of the corporate world and always wanted to have something to do with farms in the future. Others will tell you that they always wanted to work for no one else but themselves.
Whatever be the reason, once you have made the big decision of starting your own dairy farm, you need to do a lot of research and find answers to a lot of questions before you can turn your business dreams into reality.
When it comes to the planning stage, a lot of people often end up overlooking some of the most basic components of owning their own dairy business. To make sure that you do not forget anything, and to make sure that your setting up of business goes as smoothly as possible, we have put together a list of things to consider before starting the business.
All successful businesses have one thing in common, they all started with a lot of research. Something as simple as SWOT analysis is a great point to start your business journey. Simply list down the strengths, weaknesses, opportunities and threats with regards to your business, and you would be left with a lot of answers to how to go about starting your business. In regards to a dairy farm business, you can look for how much capacity do you want to start with, what will you feed your cattle, how many competitors are there in the market and what are the things they are doing well and not so well. Once you know your position in the market with respect to the competition, every marketing activity would follow easily.
If you can grab hold of an expert in the field of daily farm, meet them with all your questions ready and be prepared to learn. Even if you have grown up watching how your family works with their cattle, there is still a lot more on the business aspect that the expert can talk about. They can have vital information about how to prepare the business plan and establish your management system. They would also know a lot about the challenges you might face as a business owner, and may also have the answers to those challenges.
You need to decide if you are going to rely only on grazing or will you include some TMR. If you are going the grazing way, you will need help with the cultivation and farming aspect. If you are going the TMR way, you will need to have a cattle feeder or distributor in place that can assist with all your needs.
4. Waste Management
Cattle will produce a lot of manure. You need to have a waste management plan in place so you dispose all the generated waste in the most economical and ecological way possible. Also, a proper waste management plan may also help you reuse and repurpose some of the waste that is generated.
5. Understanding the cycle
A dairy farm business needs to keep the biological cycles of the cattle in mind, and be respectful of it. From milking the cattle, to how to take care of the calves, and how to make sure all of it is done in a healthy and respectful manner will be one of the most important pieces of learning you must undertake before starting your business.
Remember, when it comes to any business, there is never a one size fits all solution. Understand your business needs and objectives first, and then see the options that align best with your vision.