Now lets come down to the financial part.
To make agriculture project financially sound, we need two things –
- Reduction in the cost of Input
- More income from sales
- Mitigation of losses
Lets discuss reduction in the cost of input –
The major input costs in farm are – seeds, manure & labour. We decided to bring down the cost one by one. As discussed in this post, our cost of manure is almost zero. We will try and use seeds from our own farm starting from year 2. We already discussed bringing down cost of labour in this post.
What does that leave us with?
Input cost for dairy – mainly cattle-feed. We decided to grow fodder crops for the cattle.
So all we had to do was strategize.