It seems as though money’s tight for almost everyone these days.
Though you may feel like your bills have skyrocketed over the last few months – and maybe they have – the good news is that by doing your due diligence and proactively trying to lower expenses around your farm, you’ll likely find that it’s actually quite easy to do just that.
With that in mind, let’s take a look at four easy ways you stand to save money on your farm this year and in years to come:
1. Reduce Feed Waste
Assuming you raise animals on your farm, it’s essential that you keep them in as best shape as possible, particularly when it comes to nourishment. After all, you don’t want to risk jeopardizing their lives, and you can’t sell meat, eggs, milk or cheese that’s not safe to eat. As such, it’s imperative that you feed your animals a healthy diet.
Unfortunately, feed can be expensive, especially when you have lots of animals to care for. To reduce your feed waste, make sure to store it in a cool and dry place and in an appropriate container. In doing so, you will extend the life of your investment and make sure your animals are healthy for the foreseeable future.
2. Buy Efficient Farming Equipment
If you’ve been relying on the same, clunky pieces of farm machinery for the past few decades, it might be time for you to start figuring out whether buying a new fleet of equipment makes sense for you. Thanks to breakthroughs in technology over the last few years, today’s farming equipment is much more efficient than the machines that came before them. By adding new equipment to your fleet, you’ll enjoy a more optimized farming experience.
3. Take Care of Your Tools and Machinery
You probably don’t need to upgrade your entire fleet. Still, you need to take care of all the tools and other machinery you rely on. If you neglect the upkeep of such items, chances are you’ll have to replace them sooner than you’d like. To reduce your expenses while still being as productive as possible with your land, it’s essential that you tune up machinery and store tools properly.
4. Make Your Own Compost Bin
Compost helps improve the soil in your ground, and by extension, improve the health and quality of the crops that grow out of it. While you can buy compost, you can also make it yourself with items you’ll almost certainly find in your own kitchen and yard. You can use coffee grounds, newspaper, grass clippings, leaves and even shredded stems to make compost. There’s no sense in spending any money on it now, is there?
Please remember that the above list is by no means all-inclusive. As you can imagine, there are a host of other ways you can make changes to reduce your expenses. Keep your eyes open and remember to think outside the box: You never know when you’ll come up with an idea that could truly change the way you handle your finances.