From the tops of skyscrapers in a city, you might catch a glimpse of greener pastures. What you might have seen was an urban farm. Common questions on what urban farming means may soon follow:
- What exactly is urban farming?
- What makes sustainable urban farming?
- Why can it be beneficial for someone in a city to establish?
To answer the first question, urban farming is exactly what it sounds like. It is the act of growing, or producing, food in a city or heavily populated town or municipality.
The best part? You can start your own sustainable urban farming right now, and we can show you how, as well as explain how title loans from LoanMart can help pay for your passion. Because with title loans, you can may receive fast cash that you need now. But first, let’s talk about how to start the farming.
Urban farming is growing food as a product, which means that it is being sold for a profit. In fact, urban farming is not just a strange niche business, it has become a popular business trend.
With urban farming, this is just some of the many benefits that it can produce for owners and their community:
- Reduce Carbon Emissions: With sustainable urban farming, transportation and distribution would greatly reduce fossil fuels used by the food trucks that drive hundreds of miles to deliver your food each day.
- Innovative techniques: Developing creative solutions and navigating the work of urban farming in your own way can help others in establishing the most efficient land for produce to grow.
- Job Creation: For sustainable urban farming, one person couldn’t possibly do all the work. Starting your own urban farm means job opportunities for people around your area.
- Economic Growth: By urban farming, you’d be distributing income throughout your region and stimulating the local economy. Unlike major food companies, distribution is directly provided to the customers you choose to market with, allowing for stabilization in your food prices to make that profit possible.
- Green Space: You would establish more green space in your city’s ecosystem. Greenery reduces runoff from precipitation and counters the heat island effect by fixing carbon through photosynthesis.
How to Start Your Own Sustainable Urban Farming
To create sustainable urban farming in your area, there are several necessary materials you must have for your urban farm:
- Plot of land
- Farming materials (varies by what you grow)
- A plan
As simple as it all sounds, most of what you want to do for sustainable urban farming relies on your hard work, and how you plan to profit out of the sustenance that you grow. This is where urban farming creates an aspect of community.
Think about it: a blogger or business manager is not just expecting people to see their new idea out of the blue. Communicating with the local community is key!
Keep in mind of the following to gain traction of your urban farming business:
- Attend local gatherings: Getting involved in the politics and business markets of your area can put you on the map and bring fresh ideas of what to grow more of to maximize your profits.
- Everyone starts small: Having positive ambitions is one thing but expecting massive successes when you start out is unrealistic. Expect setbacks, expect mistakes, and know that everyone starts at the bottom.
- Don’t quit your day job: Living off the land may have been profitable endeavor, but sustainable urban farming is not something that can have someone that lives in San Francisco or Chicago stay afloat.
The Costs and Profit of Sustainable Urban Farming
For what it’s worth, someone that is passionate in agriculture may find urban farming as not just a business, but an important aspect of their life. But with that in mind, is the income worth the costs and hard work for you—the urban farmer?
According to an interview by Earth911, Chris Hiryak from Little Rock Urban Farming describes that fledgling urban farmers should expect making between “$10-15K a year.” However, the more land one has, the more produce they can grow on their urban farm.
Even with a bigger operation, there comes another issue, bigger costs. Hence the more land you have, the more it will cost to maintain it to yield the maximum profits.
But how much is enough? In an article by NPR about urban farming, most urban farmers typically have less than six acres, which is almost 72 times less than what most average, American rural farmers own.
As a result, the smarter way to start is small. About ¼ of an acre for your urban farm would cost an estimated $10K. Now comes the real question: how do you get the money?
Here’s a few suggestions in how you can finance your urban farm:
- Friends and family
- Crowdsource funding
- Impact investors
- Community development funds
- Traditional bank loans
- Credit cards
But what can we do for you to make your sustainable urban farming dreams come true? Here at LoanMart, we have years of experience in car title loans. In fact, car title loans from LoanMart are so efficient, you may even receive your funding as soon as the next business day3!
Car title loans can be one of the best ways for you to get a little extra money for you and your urban farm1. This is because LoanMart’s car title loans come with a bunch of benefits and advantages, here are just a few:
- High approval rate1
- Fast funding
- Competitive terms
- Convenient rates
- No balloon payments or early installment fees