Will A New Project Affect my Farm Business?

At the very least a new project will require commitment in terms of your time and energy. This is bound to have a knock-on affect on your farm business.

Potentially a new venture may also place pressures and demands on other resources such as:

Neglecting your farm's existing activity to establish or run a new business is one of the dangers inherent in a diversification project. Ignoring the danger will inevitably lead to reduced returns in the interim period. You may even jeopardise your livelihood or the ongoing viability of the farm's core business.

For this reason it is vital to plan ahead. Assess when peak demands on all resources will occur for both the farm and the new enterprise and what calls there will be on your time and energy.