A lot depends on your background, skills, abilities, and education. I taught high school ag for serveral years and was an ag extension agent before that. Both worked will with a little part time farming. I decided farming was what I liked to do and what I wanted to do so thats been where I've been full time for the last several years.
For me, and everyones circumstances are different I added a few different things to my hay, cattle, and horse business. Since both result in really inconsistant cash flow I invested in rental property and private paper. Both give me monthly cash flow to live on. On the farm, to increase business volume I started buying and reselling hay. Im pretty good at marketing and have a good location so thats worked out well. I decided I could either try to compete with other commodity producers or focus on selling a premium product at a premium price. Lastly, I do some custom work, mainly mowing, skid loader, and round baling. The key for me is I screen my jobs for ones that generate a lot of income for the amount of effort I have to put in, do them first even if it means something of mine doesnt get done, and always show up with good equipment and a sober operator. I could triple the size of the custom work if I wanted to.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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