Is it remotely possible for somebody earn Rs 1 lakh per acre per year (in today’s money) by taking up farming as a full time job? We have plenty of water and I have plenty of zeal (at least I like to beleive so). I have money for investment but have had heard only sad stories about farming and farmers and that puts me off.
My dad was a farmer at heart but could never become a farmer but ended up buying tracts of land. I visit farmland every now and then and see not a very bright picture. My uncles and relatives who till the neighboring lands don’t earn a whole lot of money by producing soyabean…and that’s pretty much all they produce. For me to take up farming will need some chances (not guarantees) of making some good money (around 1 lakh per acre).
If I can earn that kind of money, I will be able to devote all the time to farming and use all those bright ideas that arm-chair farmer (like me) has. I have minimal liabilities and actually have quit my job after working for 20 long years. The land beckons me and I feel that I can make a difference…but haven’t been able to take the step of actually tilling it.
No. I am not looking to make 1 lakh per acre/year from the first year itself…but once everything falls in place, I would need that kind of income. So the question is, is it even theortically possible to make that kind of money. If yes, what one need to be planting?
No matter what, I intend to start planting this year and at the least will create a green heaven and a picnic spot for the family. But I am not a social worker at heart and income for myself always keeps me awake.
Thanks for reading my somewhat incoherent rant.