How to Make $100,000 Farming 1/2 Acre You Don't Own

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ffj
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby ffj » Sun Feb 07, 2016 4:40 pm

@7
I'm not trying to denigrate what this guy has accomplished, and I would support anyone who has the fortitude to strike out on their own, but I think the headline might be a little sensational.

@ J

Gross profit: https://en.wikipedia.org/wiki/Gross_profit

Perhaps a little misleading? Again, I like what this guy is doing; I don't think exaggerations are necessary. Thanks for reviewing the book so far.

JL13
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby JL13 » Sun Feb 07, 2016 5:07 pm

Agreed, definitely sensational title. A different person was responsible for that though.

pukingRainbows
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby pukingRainbows » Sun Feb 07, 2016 8:53 pm

Great video!
I have a hold at the library for the book. I think it will be just the inspiration/information I need to start a garden this Spring.
I don't really mind about the numbers as truth or marketing to be honest. It just makes me think that I should be able to provide some veggies for my family and save some money on groceries.

Papers of Indenture
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby Papers of Indenture » Tue Feb 09, 2016 9:59 am

I've listened to him on a bunch of Podcasts. A huge part of his success is marketing and knowing chefs. He sells to high end farm to table restaraunts. There are a lot of them in his area and he seemed to have access to executive chefs before starting. As with almost anything...it comes down to relationships.

He started out with the SPIN farming program. Link below.

http://www.spinfarming.com/buy/

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cmonkey
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby cmonkey » Tue Feb 09, 2016 10:48 am

I forgot I posted this and just saw it again. A bit of skepticism here! Just so everyone knows, he is not the only one pulling 6 figures doing this. Singing Frogs Farms is doing it as well. Granted they are in California, not Canada.

Some of the key things have already been mentioned but a lot of has to do with -

1. Growing exactly what sells, charging a premium for it and nothing more. Zero waste.
2. High turnover/quickly growing/intense gardening. Pulling over half a dozen different crops from each plot, each year. Conventional growers are lucky to get 2 per plot.
3. No till, which greatly enhances soil life. Tilling soil essentially sets back soil life/soil structure by 4+ months. Heavy mulching is required for this. This is really the key to being able to pull so much out of each bed each year.

I haven't done the math on what I produced last year but it is somewhere north of 2-3K worth of produce just out of my two veg plots and orchard, working perhaps an hour a day on average. Doing this full time when you have a passion for I would never doubt I could pull in 6 figures if I really wanted to. I have been having pangings lately of 'what the hell why don't I just quit this stupid office job and do this!' Of course, I am horrible at the relationships part of it which is the keystone piece I think. :oops:

JL13 wrote:he actually got the idea from our own ERE forum member


Wow really? That is awesome.

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BlueNote
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby BlueNote » Thu Sep 22, 2016 7:33 pm

I read the book and watched some of his video's. He's got a great idea and he's trying to replicate it in other areas through education. He's very passionate about the concept of re-allocating urban 'grassland' to agriculture. In terms of his business model a back of the envelope Dupont ROE analysis would seem to indicate that he's scored a hat trick, at least for now. When someone scores a high ROE with low debt that will attract competition in a relatively free market.

I do think that only a small fraction of people , in the world, have the passion, temperament and resources to pull something like this off. He's an entrepreneur with a lot of vision, hustle and innovation. He also took some risks to get where he is. It would only take a few more extra competitive urban farmers in his geo to cause his margins to collapse though. Someone simply following his system might get lucky and avoid competitive forces or might be forced to face them. If competition came along maybe you could branch into another line of business, maybe chickens or something like that. You could also vertically integrate by starting you're own restaurant and supplying it. But that would require a lot of entrepreneurial skill and the title "How to make $100k farming 1/2 acres you don't own" doesn't really imply the level of work , skill, luck and risk needed to succeed.

sky
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby sky » Thu Sep 22, 2016 8:21 pm

Chris Stone works hard and is very good at marketing and finding which crops produce the most profit. He is competing with farmers that grow in the desert and ship cross country, so the transportation cost and decay during transport create a competitive advantage for the local farmer.

I may give microgreens and cherry tomatoes a try next season.

Augustus
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby Augustus » Mon Sep 26, 2016 4:11 pm

I just bought one of these: http://omegagarden.com/store/#!/The-Volksgarden®-Double-Supra™/p/57798197/category=0

Goal is to sell high end culinary herbs grown locally year round to 5-10 local restaurants (within 10 minute delivery area). Obviously cannot compete on quantity, but I should dominate on freshness and quality. In an ideal world I'll end up grossing about 1k/mo with two of those, no desire to grow beyond that because I don't want it to take more than a few hours a week of work, defeats the purpose.

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Riggerjack
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby Riggerjack » Tue Sep 27, 2016 7:44 am

I'm not into hydroponics, but it looks like you just spent $2k for $200 worth of parts. A shelf, an ABS barrel ($15 on Craigslist all day, every day), some trays, a fluorescent light, and a pump.

If this is something you are into, why didn't you just build it? There are all kinds of hydroponics sites out there with DIY info. Plus, by making it yourself, you can customize to your space and needs, and if something goes wrong, you would know your system inside out.

Augustus
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby Augustus » Tue Sep 27, 2016 1:08 pm

Riggerjack wrote:I'm not into hydroponics, but it looks like you just spent $2k for $200 worth of parts. A shelf, an ABS barrel ($15 on Craigslist all day, every day), some trays, a fluorescent light, and a pump.

If this is something you are into, why didn't you just build it? There are all kinds of hydroponics sites out there with DIY info. Plus, by making it yourself, you can customize to your space and needs, and if something goes wrong, you would know your system inside out.

I have built hydroponic systems before although nothing as efficient as this, there are two motivations for my purchase.
1) it is free, I am effectively being taxed at 100%, so it either goes to the government or goes to this, which is a 100% deductable business expense. i don't really understand it, but in 2015 i was informed that i could get a 30k reduction in taxes owed by finding 26k in business expenses, makes no sense to me but it worked. i'll be doing the same thing this year, and this is one of the expenses.
2) it is very efficient space wise, I could probably build something similar myself, but it would take a long time (and I don't have that much free time with an infant and a business to run), and I should be able to get a 100% ROI by year two or three, thus making it a better return than I could get in say stocks or real estate.

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Riggerjack
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Re: How to Make $100,000 Farming 1/2 Acre You Don't Own

Postby Riggerjack » Tue Sep 27, 2016 1:51 pm

Good reasons. Gotta love tax policy.


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