Cooperative Extension helps farmers search for alternative enterprises

Change is continuous in farming.

Prices, farm programs, trade policies, technology, markets and consumer preferences all change continuously, just to name some of the causes.

Many farmers search for alternative enterprises and opportunities to help diversify their farm operations. Some farm enterprises benefit from these changes and some are harmed, so the search for profitable alternatives is a continuous challenge. There are seven important questions that should guide the search for alternative enterprises. Answering each one of these is important to achieving success.

1. Why are you interested in alternative enterprises?

2. What are consumers interested in buying, and who will be your customers?

3. What are you planning to sell and how will you sell it?

4. Will your product require processing and if so, how will you sell it?

5. What business and legal issues apply?

6. What resources will you need?

7. Will it be financially feasible and worthwhile?

Cooperative Extension – through North Carolina’s two land-grant institutions NC State University and North Carolina Agriculture and Technical University provides the latest research findings on new and alternative enterprises to farmers through fact sheets, field days, and tours. Earlier this month, approximately 125 farmers and educators attended the 21st North Carolina A&T Small Farms Field Day at the N.C. A&T State University Farm in Greensboro. They received information on the latest research and new technologies to help them become more profitable and sustainable. This year’s field day put a special focus on climate-smart practices and climate resilience. Participants learned about the use of biodegradable plastic mulch for crop production, ginger production, and climate-smart farming practices such as no-tillage and cover crops. The animal-production component of the field day highlighted Pasture-and-Hoop Based Pork Production.

North Carolina Cooperative Extension has two workshops tentatively scheduled for fall to provide farmers with research-based information and funding opportunities for several new enterprises and opportunities. A Regional Fall High Tunnel Greenhouse Workshop will be conducted to provide produce growers with the latest research-based information and the basics of high-tunnel production on. An Outreach Workshop will be held to inform farmers and

landowners of programs that can provide financial assistance to their farms and information on resources available. Look for more details once plans are finalized.

Realize that enterprise selection is a complicated and demanding process. It should be considered no different than evaluating any other business opportunity. The amount of time and energy spent in research should be directly related to the amount of capital at risk and the potential rewards. All of this takes a lot of work, but it is well worth taking time to make sure the ideas you are considering will work and to avoid problems or disappointments down the road.

NC State University and N.C. A&T State University are collectively committed to positive action to secure equal opportunity and prohibit discrimination and harassment regardless of age, color, disability, family and marital status, gender identity, genetic information, national origin, political beliefs, race, religion, sex (including pregnancy), sexual orientation, and veteran status. NC State, N.C. A&T, U.S. Department of Agriculture, and local governments cooperating.