How subsistence farming boosts your personal finances.

[Etini]

Agriculture is the mainstay of some economies of the world as it addresses the most basic need of man. Subsistence agriculture is when a person practices agriculture for self consumption. Given the high costs of food items today, subsistence agriculture can help boost finances in some ways. These are:

1) Savings on expenses that would have been used to buy food: Subsistence agriculture helps to save the money that would have been used to buy staple food as you would have produced the food by yourself.

2) It can help to generate quick emergency income: If you are in a fix, you can quickly sell some of the produce in your farm to generate some quick cash.

You can practice subsistence agriculture by leasing a large plot for just $10 and that can produce food crops that can last you for years.

 

[King bell]

The impact of practicing subsistence farming financially is positive as it can result in financial gains like savings on expenditure, self-reliance, creation of income, health benefits and acquisition of skills. You will save money from buying food by growing your own as well as lower dependency on external sources for sustenance. This can also be an additional source of revenue through sale of surplus produce. In addition to this, growing organic food has the potential to ensure a healthier diet and thus potentially lowering medical outlays. Participation in subsistence agriculture also equips individuals with invaluable agrarian expertise which may be applied in subsequent business activities or projects. Therefore, besides enhancing personal finances, subsistence farming can provide economic security and wellbeing during periods of uncertainty about the economy.