Storage is already at a premium since the US-China trade war. Not enough storage facilities. Maybe the US should cut from the productiob subsidies and subsidize short term storage?
I'll be following as I'm in the middle doing something similar but a bit longer in length....Starting a Software Company in 100 Days via a daily video journal.
Ah, cool - just checked out the first one and I'll definitely catch up and be following back. Vlog updates is a really good idea, too, I might try this for some of my updates.
Other than alfalfa, the vast majority of the farms that I know of that supply large dairies take advantage of crop rotations. These are from crop farms that supply large dairies in Minnesota and South Dakota.
I'm the founder of a company called Harvest Profit. We build a suite of profitability and risk management tools, trying to help farmers better manage their operations.
Farming is a unique business where the average farm generates $1+ million of revenue and is self-managed.
I agree with this article. More farmers are taking on the duties of merchandising their commodities and we help them with that. It's a fun challenge.
As an aside, selling intangible goods like software to farmers (who love equipment) is not for the faint of heart!
I've actually seen your product, as the Myriad, the company that acquired my previous employer is based in the same city as you. I think your product looks great, and I hope you do well. I'm all for products that help local farmers make good profits!
Hey, cool product you have. I've grown up at the farm and been dreaming of starting an agriculture related company at some day. Most of the biggest issues humanity is facing nowadays are related to agriculture (climate change, starvation etc.)
In my country (Finland) farms are folding faster than ever due to driest summer of the century. Still the food prize isn't going up - neither the profits of the companies selling their products.
I ran a one man side gig for a couple years (farm management software). Got it to $200k and growing after 6 months in the market but I needed to bring the development in-house.
Could've used outsourced talent for all dev and customer support but interestingly enough the reason why I hired was "what happens to all of our customers if I die?". I felt like I owed it to them to put a team in place, albeit a small one.
I was doing consulting work in the space, saw a need, and built the product. I came into it knowing the traits of farmer, the lingo, etc. That and a good product have helped us gain trust
I launched a farm management software tool in Dec 2016 and spent 2017 iterating on it. Hired two developers in the last 5 months and made a big hire last week, myself. I'm going to transition out of my consulting business into this full time. Bootstrapped with $300k of revenue in '17. https://www.harvestprofit.com