And he’s already put what he hopes will be one of his main building blocks in place by snapping up striker Tommy Muir a long-time target, from Stenhousemuir.
The 24-year-old, who hails from Dalbeattie, has been on Farrell’s radar for a couple of years.
Farrell said: “I tried to get Tommy the last two years so I am delighted that I finally got him.
“I think he will be a good asset for us moving forward.”
Farrell’s sentiments are echoed by Muir who first sprang to prominence playing for Dalbeattie Star.
His exploits there earned him a move to Annan Athletic where he netted 24 goals in two years before switching to Stenny last summer. But now he’s back closer to his Dumfries home.
He said: “I’ve been very close to joining the last two seasons but it has not quite got over the line for myself.
“This season, once I spoke to the manager and once I met him for a coffee it was just a case of ‘when can we get the deal done?’
“I am really looking forward to working with him.”
Farrell hasn’t wasted any time in putting play-off disappointment behind him.
He said preparations started the very next day after their defeat by Dumbarton and he has been speaking to all his players about his and their future plans.
Given the overhaul of his squad last year, Farrell is likely to be hoping for a quieter summer and optimistic of retaining the bulk of his squad, although striker Thomas Orr is moving on.
Among them is veteran Jamie Hamill. And despite speculation the 34-year-old was going to call time on his playing career and focus on coaching, Farrell still believes there’s still a place for him on the pitch at Stair Park.
He said: “He is going to get himself fit, strong and healthy for the start of the season.
“Will he play every week? No, he won’t and he knows that.
“Will he coach more than he plays? Possibly but ultimately having him there with his experience and being able to call on him when we need him is a good thing to have.”