Second article by Jack Langley in the Innovation Generation Conference series.
Innovation Generation Conference: Insights for Young Farmers and Ag-Based Professionals:
Part two:
Alternative Farming Options. How Young Farmers Acquire Land.
Alternative Farming Options for Young Aspiring Farmers
While land prices are high, and it is becoming increasingly difficult for younger people to enter farming as a profession, there are options available to help young farmers acquire land.
Farming has always been a significant part of Australia’s history and economy. However, with land prices skyrocketing, it has become increasingly difficult for young people to enter the profession.
The Challenge of Entering Farming as a Profession
With the rapid increase in land prices, it has become a daunting task for young people to enter the farming profession. Leasing or purchasing land is often beyond the reach of many aspiring farmers. This situation, along with the unpredictability of the changing climate, has resulted in a decline in the number of young people acquiring land and pursuing careers in agriculture.
Fortunately, there are alternative options available that can help solve how young farmers acquire land.
Cultivate Farms: An Innovative Solution
Cultivate Farms has devised a unique idea to connect young, aspiring farmers with retiring farmers who want to ensure that their land is being farmed into the future by someone passionate for farming. Whether that be a farmer who does not have children, children that do not wish to return to the farm, or farmers who would like the ability to see the land run by someone as passionate as they are, it provides the ability for aspiring farmers to be linked with a farmer to continue the farming enterprise and carry on their farming legacy.
Benefits for Both Parties
This platform provides a two-fold benefit:
- the retiring farmer has the opportunity to build a connection with the future farmer, knowing that their farming enterprise will continue to thrive in the hands of someone passionate about agriculture.
- the aspiring farmer gets access to a mentor and the economic ability to start a farming business.
Retiring farmers may reduce the initial capital costs for the aspiring farmer to purchase the property, either by reducing the purchase price or through vendor finance.
The links to the other articles in this series are:
- Innovation Generation Conference: Insights for Young Farmers and Ag-Based Professionals: Part one – Government Trade Contracts Dictate Agricultural Export Market
- Innovation Generation Conference: Insights for Young Farmers and Ag-Based Professionals: Part Three – The Importance of Successful Succession Planning in Farming Families
