Peregrine Farm News Vol. 15 #3, 3/9/18

Betsy and I are headed to New Orleans next week to a cut flower conference to talk about our farm transition to Jennie so what better time for the next part in the series about our farm transition process.

The early Plan

In those weekly meetings through the summer of 2012 we talked about our needs and desires and we talked hard about money.  The first thing we needed to know was how much money did Jennie need to make, what was her budget and could this tiny farm afford it and keep Betsy and me alive too?  She went home and carefully calculated what her expenses were if she could live on the farm without rent, utilities and health insurance but with her school and car loans.

The number she came back with was surprisingly close to what we paid her as a part time hourly employee.  We then said well let’s come up with a plan to make that additional income.  Since 2000 we had been going to market only about 30 weeks a year and not growing fall or overwintered crops so Jennie came up with a crop plan for fall and winter production with estimated yields and income which showed we could cover that gap and some.  We all agreed to go for it that fall and see if it could be done.  These were also early tests of her thinking processes and practicality.

At the same time we worked on a five year plan and loose agreement between the three of us that outlined the general principles (and questions we needed answers to) that had come out of our meetings.  The timeline was through 2016 when Betsy and I would turn 60 and in 2017 we would begin to reduce our hours in the field.  It included dates for when Jennie would begin to receive various benefits and shares of stock in the corporation.

The first benefit we needed to provide was a huge one, a place for her to live on the farm.  We designed a comfortable one bedroom apartment above a workshop on the other side of the farm from our house that she could be happy in for some years to come.  In October we poured the foundations and started building.  By July 2013, she moved onto the farm and began to receive a salary that reflected her budget.  We then continued to proceed with the rest of the plan.

Yet to come becoming business partners and learning to let go…

Picture of the Week

P1040103 There is more produce coming soon, really

What’s going to be at the market?

It is all about brilliant Anemones and the first of the Ranunculus that will bring color into any room!

As a reminder if there is anything that you would like for us to hold for you at market just let us know by e-mail, by the evening before, and we will be glad to put it aside for you.  Just so you know, sometimes not everything listed will be at the Wednesday market.

Hope to see you all at the market!

Alex, Betsy and Jennie

If you know folks who you think would be interested in news of the farm then please feel free to forward this to them and encourage them to sign up at the website.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s