September 7, 2018
Welcome to episode 60 episode of Cultivate Farms TV. Sam Marwood takes you behind the scenes of what we are doing to help make your farm dreams a reality.
- Aspiring farmers registered
We have 434 registrations, 12 more aspiring farmers signed up the past week.
What you get as a member:
- You get to chat with us and priority access to realise your farm ownership pathway
- Mecardo market analysis membership (valued at $300)
- We directly notify you of farm opportunities (some are only promoted to members)
- We need your support to keep build momentum
This is a call to our aspiring farmers. If find any value in what we do at all, we ask that you do sign up as a premium member. It is $150 a year and this money allows us to keep the lights on while we really get Cultivate Farms cranking. Help us to help you.
What we are doing is new and will take time for us to get to scale to have a lot of amazing farm opportunities for you. We need your help to keep us going. Your money goes to keeping our website updated, supporting our social media and allowing us to travel around the country to spread the word. We aren’t making any money off this yet as we are ploughing it all back into the business.
Please do consider becoming a premium member, you get lots of benefits including discussions with the Cultivate Farms team and free Mecardo market analysis membership.
- Weekly Update
We made the Financial Review. They did a piece on us, our partnership with DomaCom and how we are crowdfunding farms.
We are in the process of developing a master brand under which all of our farms will sit. This is really exciting stuff and we will be exploring how we can create a name for ourselves which benefits every single farm that we setup
Matching retiring farmer and aspiring farmer in Gippsland. I caught up with the retiring farming couple and the aspiring farming couple on one of the farms we are matching.
I asked if I could film the discussion but they said no for some reason, but they were excited to be part of the Cultivate Farms matching process. We worked through potential options for transitioning ownership over the long term. There is intent to make something work and we are working through our list of actions for the next meeting. It is mainly focused on whether the new farmers are able to work on the farm for 12 months to build a relationship and to determine the financial model so they can earn their way into ownership.
Loading our first farm investment proposal - we are getting legal advice so that we can start promoting farm investment opportunities on our platform. We have a yabby farm that we are about to load and can’t wait to start promoting this to potential investors.
- Farm-ownership pathway program
We have develop a farm-ownership pathway program which will get 20 farmers ready to pitch their investment to an investor. This would happen over 12 months, with the 6 month point being the pitch. We have lined up an investor who is keen to invest in the best farm. We are just waiting from government organisations across the country to confirm who might be able to fund the program. Please let me know if you are interested
- Freeland Pork our first farm match
Our first farm match with and investor and aspiring farmer is moving along well. We are now cranking up the marketing side of things for Freeland Pork. Our model is to supply into restaurants as the farm grows production - so we had a filming day on the farm taking photos of the family and also making awesome meals with the pork. We are finalising the 1819 business plan and the budget for the year for sign off by both parties.
- Refining what Cultivate Farms does
Over the past 6 months we have been working in the background to unpack how we provide the most value to the most farmers and it is looking like we will need to tweak our model. Which is to be expected given what we are doing is pretty unique.
We believe that getting on your farm is centred around relationships. We match you with a retiring farmer but the first step is to get to know them, to build trust and then you can work through an ownership transition. We think we need to start doing the same thing with building relationships with investors. How can we make it possible for you to get to know an investor who can then back you to go find farms to invest with them in?
To make it easier to build these relationships we have been thinking that we need to have a farm mentor who works alongside aspiring farmers to help them on the farm ownership pathway. We are now thinking of getting these farm mentors, agronomists who understands our model, from all around Australia who you can select to work with.
These mentors would help you work through a long term farm ownership pathway program and also provide a third party independent verification of an aspiring farmers farm-ownership readiness. This validation will be of great benefit to retiring farmers and investors, who want to be confident that they will be working with someone who is ready to get going onto a farm.
So we are going to be unpacking the role of farm mentors in our model and using them to verify our aspiring farmer’s farm-readiness. This will be an optional component of your membership but one we think will be a great way for you to get on your farm quicker.
- Farm opportunities
We have 19 farms that you could own with retiring farmers tomorrow. We want you to check these out and pass the details on to friends and family. These are red hot live opportunities which could set you up for life.
The process will be that you do a basic pitch and then we give it to the retiring farmers to decide if they want to take it any further. If they do it's then a number of conversations to find the best solution for you both.
- Manildra NSW
- Free Range Pig Farm in Wagga Wagga
- Lime farm Cairns
- Chestnut farm in WA
- Beef cattle enterprise in southern Qld
- 20 acre vineyard south of Bendigo Vic
- Dairy farm ownership pathway in NE Vic
- Intensive aquaculture in Rutherglen Vic
- Rare vegetable seed farm SW Victoria
- 44 acre market garden on outskirts of Sydney
- 100 acres NE tassie mixed
- Market garden in NT
- Beef in NT
- Olive grove and Tasmania
- Olives in Victoria
- Mixed farm in Terang, SW Vic
- Achacha in Qld
- Mixed organic in Tansey Qld
- Flower Farm in Qld