The 3 Milestones of Launching Your Freight Farms Project
There are many factors that come into play as you begin to explore starting a freight farming project in your community. For new small business farmers, getting a business plan together, securing financing and getting local government support are three of the most important milestones. To make the process of launching your LGM a little smoother, we’ve put together some helpful how-to-guides to walk you through these three major steps to becoming a freight farmer.
1. Business Plan Guide and Template
While a written business plan is not necessarily required to start a business, having a single place to capture your thoughts and plans can be useful to you, as a business owner, and allows you to more coherently present your plans to potential financiers. A written business plan also forces you to think through all aspects of your business, especially those you have not fully considered yet.
We’ve created a template that will help you illustrate the following:
Who you will sell your crops to
Where you plan to sell your crops
Your current estimation of your product’s price
A description of your ideal customer
A go-to-market strategy
For help on writing your business plan, speak with our one of our farm consultants and download our business plan template.
2. Income Projection & Template
Getting the right capital to start your passion project can be a daunting task. Whether you're seeking a loan or tapping into your savings account, our finance guide will help you break things down in 3 steps:
Projected monthly revenue
Projected monthly expenses
This is the time to start thinking about your business, your costs, and the fees for external services you plan to use. If you don’t have information on all of these, don’t worry! It’s better to make educated guess and be prepared than not to be prepared at all.
For help on filling out the financing template, speak with our one of our farm consultants and download our financing how-to guide.
3. Zoning How-To Guide
If you’re looking to bring an LGM to your local community, you’ll need to get familiar with your local zoning regulations. Our guide will walk you through the following:
Understanding the most common zoning destinations for freight farming
Educating your city planning board
Preparing your site
It is important to learn about your local zoning regulations by speaking to a government official in your area. If you have more questions on this topic, check out our blog post all about zoning.
We hope that these three resources help you in your journey to becoming a freight farmer! And if you would like to learn more about the Leafy Green Machine, make sure to register for our free webinar on May, 24th from 12-1 EST! Two of our farming experts will help you gain a deeper understanding of freight farming.