Increase your farm income: diversification

Introduction

Diversification involves broadening the activities of a business into other new potential money making ventures.  By taking on new activities a business can supplement what it has traditionally done and increase the likelihood of a successful future.

Around 10 per cent of Northern Ireland's farms have diversified. These farms are now realising the benefits of taking on new income generating activities.  Diversified farms can enjoy increased personal and farm family success, improved finances, increased efficiency and see redundant farm buildings back in use.

This guide sets out the main advantages of diversifying a farm.  It also looks at how to diversify and identifies local sources of advice and support.

© This guide is copyright of Invest Northern Ireland.

Subjects covered in this guide

• Introduction
• What is farm diversification?
• The advantages of farm diversification
• The key steps to diversifying a farm into a rural enterprise
• Sources of advice and support for farm diversification
• Here's how I diversified my farm

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