Should I buy an existing cut flower farm or start one?
The choice comes down to time and what you would otherwise build. An existing cut flower farm may bring established beds, perennials, a cooler, season extension and customer relationships. Starting on bare ground means several growing years of ramp-up, but you shape everything yourself. Weigh both against your skills, savings and patience.
Perennials, shrubs and bulbs take time to establish, and customers take time to trust a new grower. That is the heart of the buy-or-start question. This page sets out the trade-offs for a cut flower farm and leaves the decision to you, because it depends on your skills, savings and goals.
What an existing farm may bring
A running farm can come with mature beds, perennial and bulb stock, a cooler, season extension such as tunnels, and tools that already suit the site. It may also bring florist accounts, market stalls and subscribers. Ask what truly transfers. Relationships may follow the person, so find out whether the owner will introduce you and for how long.
What starting on bare ground involves
A new farm lets you choose the layout, varieties, methods and name. It also asks you to prepare soil, build beds, source plants and create a customer base from nothing. Several seasons may pass before the farm settles into a rhythm. Many people work other jobs meanwhile, so consider how long you can wait.
Questions to settle before choosing
- How much growing experience do you have, and how much do you want to learn on the job?
- Can you cover the gap between spending and sales while you wait?
- Do you want to inherit someone else’s methods, brand and customers?
- Is the land available, and on what terms?
The same question for a shop is covered in buying an existing flower shop or opening a new one.
Related reading
14 pages on the same subject, grouped by topic.
Buying
- GuideBuying a farm business in Canada
- Expert answerShould I buy an existing flower shop or open a new one?
- Expert answerHow do I find a cut flower farm for sale in Canada?
- Expert answerHow does a cut flower farm make its money?
- Expert answerCan I buy a farm business that farms rented land?
- Expert answerWhat should I check before buying a Christmas tree farm?
- Expert answerWhat should I check before buying a hydroponic or vertical farm?
- Expert answerHow do I judge a deli’s cold-cut waste during a store visit?
Due diligence
Financing
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Farm Credit CanadaGovernmentLand and Buildings
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