Farm diversification is the introduction of a new business activity to generate another source of farm-based income.
This is great, put in the postcode of your farm and it gives you ideas for diversifying your income. It will be great to link to the NSW DPI Farm Finance Portal.
http://www.farmdiversity.com.au/
Farm diversification is the introduction of a new business activity to generate another source of farm-based income.
The new or additional farming enterprise may be agricultural, such as a new crop or animal, or non-agricultural, such as agritourism or on-farm processing of food.
Although the primary driver for diversifying is to generate income, other benefits of diversifying include:
•Spreading income risk
•Improved use and management of land
•Developing opportunities for future growth
•Creating opportunities for family involvement (including for succession planning)
•Creating renewed interest in the farm business
http://www.rirdc.gov.au/…/diversification-needs-to-be-key-c…
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