Because of the nature of the industry, farmers are constantly looking for ways to utilize their assets to diversify their farm's revenue streams. Below are a few popular ideas for you to consider as you look to add new streams of income to the farm's revenue base.
- Agritourism
- E.g., Corn Maze, Petting Farm, Farm Tours & Stays,
- Value Added Agriculture Processing
- Meat Processing on Farms (Include wild game processing for another revenue stream)
- Production of canned and jarred goods
- Pick Your Own Produce
- Pumpkins, Apples, Berries, Flowers, Christmas Tree
- Create space for recreational farming and farm leasing if space is available
- Diversify your livestock because the most profitable farming animal can change from year to year based on consumer demand and dietary trends
- Community Supported Agriculture
- Solar or Wind Energy Collection