There are a lot of people who love vegetables and farming because this is really fun. One can enjoy it as well as it adds some good money to his/her pocket at the end of the month. In addition, leaving near a farm is a very good idea as it gives you fresh air and keeps you healthy.
Six years ago, a woman named Karen Archipley started an organic vegetable farm with her husband in lush Escondido, California. Archipley says “We’re looking at luciano kale and rainbow chard… we harvest it every Saturday for Sundays farmers markets. Now we are selling more to the stores as well.”
Archipley’s farm is not very big. It’s only three acres, but it provides enough for Archipleys, plus a few employees. She loves farming and she says, “You can take the size of a parking lot and make a good living”. She also tells about a neighbor farmed called Amber Waves Organic which is run by Ray Shields who is a retired Navy.
Shields says “This is the lifestyle I want to pursue. I would like to have a sustainable organic farm that can provide opportunity for maybe 8, maybe ten veterans.”
But traditional farm loans are not available, that can make his vision come true, says Elizabeth, the author of the forthcoming book Finance for Food. “Financing either goes to large scale industrial farmers or to farmers of commodity crops that are not even aimed for human consumption.”
Big banks don’t show their interests in small farming and startup farmers like Shields looks too risky for most small business loads. “A lot of startup farmers go into credit card debt which is the one form of capital available to them.”
However, a new microloan program from USDA intends to fill this gap. Small, startup farmers can get up to $35,000, at only 1% interests. Ray Shields has already put his application and he is expected to get about $30,000.