I wonder if anyone might have some advice or experience they could share?
We’ve been priced out of the housing market and have been renting on farm estates for around ten years, and pottering with self-sufficiency. Along with everyone else, we’d love to have a place of our own with some land. We could probably afford some agricultural land and would happily live in a small, cheap straw-bale or shipping-container house, but planning permission would be an issue.
One route open to us is smallholding for a few years on a slightly larger scale, ie more than 12½ acres/5 hectares, to demonstrate our viability and commitment to agriculture to the planning department. But we have to demonstrate that for 1 year out of 3 we can earn the equivalent of minimum wage from all of our smallholding activities – roughly £12,000 per annum.
We’ve kept poultry before and grown enough fruit and veg for ourselves, but nothing bigger. My partner has a solid background in business and we’re fairly confident we could manage the work, but just don’t know where to start – does anyone know of good sources of specific information from which to prepare a business plan (with projected profit and loss)? Or do you have an example that you would be willing to share?
Or can you advise which livestock/veg/agricultural activity would result in the most predictable profit, or what’s not worth bothering with? Are there subsidiary activities that can bump up the profitability, like open days or petting zoos, or does the public liability prohibit these kinds of things?
The plan is to build up the business over a 3 year period and then probably downscale once more, unless we’re having a great time! Any guidance gratefully received!
Lynn