Key Consideration to Diversification
- Why you want to diversify
- The implications on your time, your core farm business activities, cashflow, staffing, potential liabilities etc.
- Information about skills, resources and market conditions that you have gained from other local farmers who have diversified
- How much the diversified business will cost to set up
- How you will finance it
- How profitable it will be
- How to market it
- Legal requirements, tax and national insurance issues.