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10 Factors to Growing a PROFITABLE HOMESTEAD - with Accountant Mike

Homesteady - Stories of Living off the Land

Release Date: 07/08/2019

Starting a Successful Craft Butcher Business from Scratch show art Starting a Successful Craft Butcher Business from Scratch

Homesteady - Stories of Living off the Land

The Heritage Craft Butchers didn't learn to cut meat in the super market.  They learned in a barn. Cutting up their own home grown pigs, and curing the meat in an old refrigerator, the guys decided they would try to follow their passion and start a butcher shop.  They found an old bank in the middle of Pennsylvania farm country. Perfect. Lots of elbow grease, experimenting with old world recipes, and bourbon, and here they are running a successful butcher business from scratch.  Check them out at their or at

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LIVESTOCK - The 10 Golden Rules  show art LIVESTOCK - The 10 Golden Rules

Homesteady - Stories of Living off the Land

I feel one of the best things you can do for yourself, and especially for your children, is to raise some livestock, even if only for a short time. The connection you and your family will form to these animals that are so dependent on you is powerful. And the rewards livestock give back are hard to beat! If you are thinking about getting some livestock in the future but are not sure how, you will enjoy this excerpt of the 4th Lesson in the , Your First Livestock. In this 4th lesson we will talk about The Golden Rules of Livestock What are the best kind of livestock for beginners Basic...

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Chickens, Ducks, Peacocks and Emus, HATCHING ALL KINDS of HOMESTEAD POULTRY featuring White House on the Hill show art Chickens, Ducks, Peacocks and Emus, HATCHING ALL KINDS of HOMESTEAD POULTRY featuring White House on the Hill

Homesteady - Stories of Living off the Land

Want to hear the extended version of this podcast? BECOME A PIONEER HERE - https://www.thisishomesteady.com/head-west-become-pioneer/ Hatching and raising poultry on the Homestead can be a great way to feed your family, and entertain yourselves at the same time! Today we are joined by Jake and Becky of White House on the Hill to talk poultry! WHITE HOUSE ON THE HILL CHANNEL - WHITE HOUSE on INSTAGRAM - Jake , Becky and their three boys make up White House on the Hill. YouTubers and homesteaders in NW Missouri that are interested in growing their own food, hatching and raising birds, and...

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Homesteady - Stories of Living off the Land

Join myself and a special guest for a live discussion on planning a great year on the homestead! Become a Pioneer HERE - FOLLOW US ON INSTAGRAM SUBMIT HOMESTEAD LESSONS LEARNED VIDEOS HERE - https://drive.google.com/drive/folders/1h_VAsoscsEM1WyG4p88X9XBoj0vmm8JI

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START HOMESTEADING TODAY show art START HOMESTEADING TODAY

Homesteady - Stories of Living off the Land

We are going to help you start homesteading this year! TAKE THE COURSE "I WOULD LOVE TO HOMESTEAD! BUT I DON'T EVEN KNOW WHERE TO START!" If that sounds familiar, you are not alone. Over the last 2 years we have been doing a survey at our website. We found most of our followers are either new homesteaders, or are homestead dreamers. What was the number one thing people mentioned needing help with on their homestead? Not how to make money raising pigs Not how to raise enough food for your own family NOT EVEN how to fence in goats The number one problem people are having with regards...

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NEAR BANKRUPTCY to OWNING 4 FARMS  - Greg Judy talks Making a Living Farming show art NEAR BANKRUPTCY to OWNING 4 FARMS - Greg Judy talks Making a Living Farming

Homesteady - Stories of Living off the Land

Greg Judy was on the brink of bankruptcy. 3 Yeas later he had paid off his house, 200 acre farm, and went on to buy 3 more farms and lease 12. How did he earn enough money from grazing livestock? Find out in this video. CHECKOUT GREG JUDY'S BOOKS Greg and Jan Judy of Clark, Missouri run a grazing operation on 1620 acres of leased and owned land. Greg and Jan went from near bankruptcy in 1999 to paying off a 200 acre farm and house in 3 years with custom grazing on leased land and are completely debt free. They own 4 farms and lease 12 farms. They graze cattle, hair sheep, woods pigs,...

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Homesteady - Stories of Living off the Land

You can save THOUSANDS of dollars every year by raising your own meat or buying farm fresh meat in bulk and removing the expense of butchering that meat by learning to butcher yourself! In this video we are joined by Butcher and Educator Jamie Waldron. Together we explore the world of home butchery and how it can greatly increase your home economy by taking control of how you purchase meat and providing you with more flexibility by purchasing whole carcasses. Jamie was born in Windsor, Ontario, and raised in the small rural town of Harrow. He started his career in a small country butcher shop...

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Your First Cow - Basics, Safety and Where to Start show art Your First Cow - Basics, Safety and Where to Start

Homesteady - Stories of Living off the Land

Karin grew up on a mixed family farm in Alberta, Canada, raising and selling backgrounding stocker steers. Her main passion since she was little was with the cattle, from handling to pasture management. She currently works as a forage-beef extension specialist with the provincial government and is working towards getting into farming of her own some day. She shares thoughts, and advice on all things cattle at Karin is coming on the show to talk about working with Cattle. She will help us cover safety, how to make their life as comfortable as possible, and share some tips and tricks to...

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17 Year Old's Secret - How She Built a Successful Family Farm Business With GOATS! show art 17 Year Old's Secret - How She Built a Successful Family Farm Business With GOATS!

Homesteady - Stories of Living off the Land

In this episode of the Podcast, we interview Rachyl Travis, of Travis Family Farm. At 9 years old, milking her first goat, Rachyl had no idea that someday she would be running a successful family farm business. A pet goat given to her at 9 years old soon turned into multiple goats, and when Rachyl wound up with 15 goats in milk, and 15 gallons of milk a day to process, she had to figure out something to do with all of the milk. Rachyl didn’t want the milk to go to waste. She enlisted the help of her older sister and together they came up with the first goat milk product: the famous goat...

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10 Factors to Growing a PROFITABLE HOMESTEAD - with Accountant Mike show art 10 Factors to Growing a PROFITABLE HOMESTEAD - with Accountant Mike

Homesteady - Stories of Living off the Land

Homesteading roots began with people trying to turn their life around  by making a profit. Signed into law in May 1862, the Homestead Act opened up settlement in the western United States, allowing any American, including freed slaves, to put in a claim for up to 160 free acres of federal land. Modern Homesteading is similar. Google pallet homestead projects and you will know, it's often people with little, that dream big. But dreaming and reality are 2 different things. Is it possible to run a profitable homestead? Let's see if our guest can help. GUEST INFO : Accountant Mike Mike...

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Homesteading roots began with people trying to turn their life around  by making a profit.

Signed into law in May 1862, the Homestead Act opened up settlement in the western United States, allowing any American, including freed slaves, to put in a claim for up to 160 free acres of federal land.

Modern Homesteading is similar. Google pallet homestead projects and you will know, it's often people with little, that dream big.

But dreaming and reality are 2 different things. Is it possible to run a profitable homestead? Let's see if our guest can help.

GUEST INFO : Accountant Mike

Mike currently works as a Senior Accountant at DiLeo & Charles. He has spent about a decade working providing accounting, tax, and consulting services to small business clients and high net worth families. He uses his extensive knowledge of tax and financial statements to help small business owners set and achieve business goals, both financial and otherwise. He currently specializes in strategic planning, income tax reduction, and cash flow management for small businesses. When he isn’t working Mike enjoys following Formula 1 and playing peek-a-boo with his infant daughter.

What is a profit?

Profit : a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

2 - advantage; benefit.

TO BE PROFITABLE SOMETHING MUST PRODUCE MORE THAN IT CONSUMES

A profitable garden produces more than it consumes.

A profitable chicken produces more than it consumes.

A profitable Homestead produces more than it consumes.

To find out if we are running a profitable homestead we need to identify what is produced, what is consumed, and see if there is a gain in the difference.

The 7 Costs Every Homestead Has to Cover

    1. Startup Costs - land, Infrastructure, fencing (Generally Amortized Costs)
    2. Running Costs - more than feed, Electricity, water, taxes on land,
    3. Surprise Costs - Vet bills, storm damage
    4. Finishing costs - butcher, packaging, storage
    5. TIME and Labor
    6. Opportunity Costs - time spent raising egg laying chickens could be spent driving for uber
    7. WASTE - Veggies grown not eaten, eggs go bad

The PASTURED POULTRY PACKET is good at this.

3 Ways to Profit From Your Homestead

  1. Direct Products - lettuce, eggs, milk, cheese, REPLACING WHAT YOUR BUYING
  2. Indirect products - manure, land management, (BUT NOT UNLESS NEEDED, if you don’t NEED manure in your life it’s not brown gold)
  3. Sales - selling excess

How much do you charge above your costs? Accountant Mike suggests a MINIMUM of 10%!