7 tips for cutting your urban farming costs

7 tips for cutting your urban farming costs

Whether you're a farmer or an agricultural entrepreneur, planning the financials for your business is one of the hardest problems to tackle. There's a fine line between overspending and underspending on your business. If you overspend, you risk the profitability of your business, and if you underspend, you risk losing your product quality and as a result, you risk losing customers. So, how can you cut costs without compromising on quality?

Time and time again, the Agritecture team has encountered farmers and entrepreneurs facing challenges in projecting costs for their businesses. Yara Nagi, Agritecture's Director of Operations, states that "the biggest challenge always revolves around estimating costs for events that have not yet occurred, such as estimating the costs associated with how much crop will not make it to market or when the growing equipment will require maintenance or replacement."

As a farmer himself, Agritecture's Lead Agronomist, David Ceaser, adds that "there are always unexpected costs. Just like in life, everything seems to be a little more expensive, a bit more complicated, and takes more time than expected."

When kickstarting your operation, financial challenges will follow. According to Yara, this will always be the case in your first year "as that is when you are experiencing different situations in your farm for the first time (i.e. the impact of seasonal changes on your crop growth or the times of year you need to restock your inventory)."

Here are their first few tips:


#1: Think about all the scenarios that may occur once you start operating your farm. Yara suggests speaking "to fellow farmers and to do your research in order to account for those scenarios."

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Written By: Yara Nagi, Director of Operations at Agritecture, and David Ceaser, Lead Agronomist at Agritecture

Photo Courtesy of Agritecture

Source: Agritecture

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