To get your ducks in a row is a comical visual of the little creatures following in a nice and neat order, rarely falling out of step before getting exactly where they need to be. While we wish that everything about agricultural development was as easy as walking together in a line, we do believe we can learn a thing or two from our feathered friends when it comes to having a successful project from start to finish.
The first step of any agricultural development project – be it opening a new farm or dairy, repairing your current installation, or building a new addition – is to align your finances. Before talking about the engineering, design, construction, and other many fun topics that come into play (and are often way easier to occupy brain power), it’s important to set a budget.
Ask yourself these questions:
- What exactly do you want your project to entail? Break that into what’s necessary, what would be nice to have, and what is a sugar-coated dream item.
- How much time can your business allow for turn-around? Will all operations be shut down during this time?
- Will you consider applying for bonds or grants?
- Are you representing yourself in the project, or will you hire professional representation?
- What location will hold the new/revamped project? Does it require additional facilities, pond & lagoon testing, or other development site costs?
These questions aren’t exhaustive to help you plan finances, but having prepared answers can make working with a financial expert for your agricultural development project that much easier. If you just don’t know where to start, that’s okay too!
Work with AGPROfessionals to manage your project from start to finish, including planning and finances. We are located in Greeley, Colorado, and we are happy to serve clients in the region. Our real estate brokers are licensed in Colo., Kan., Mont., Neb., Nev., N.M., S.D., and Wyo.