Keramati resides on a farm with his wife, Ruth Andrea Levinson. He said Farley, who has served the Senate for 32 years, is going to be tough to beat.
"I need money so I can at least get my campaign started," he said.
Keramati filed his campaign committee, "Citizens for BK," with the Board of Elections in Albany, allowing campaign fundraising to begin.
An advocate for Clean Money, Clean Elections, Keramati said he would probably contribute something to his campaign, although he would not divulge the amount.
"I can't choose my opponents," said Farley, when asked about Keramati's bid for his seat. "I'm sure he has great qualifications. I'm sure he'll give a significant challenge."
Although Farley has not officially announced his intent to run, he said he expects to run for the Senate seat again this year.
"He [Farley] is a very entrenched politician and a lot of people owe him favors," said Keramati of the difficulty in challenging an incumbent.
However, Keramati said he has a fantastic campaign team.
"I think we have a message the voters like," he said.
Tom Buchanan, GOP chair for Schenectady County said, "Senator Farley is very popular. He has done a fabulous job over the last several years.
He said he expects Farley to be re-elected resoundingly
The 44th Senate district encompasses all of Schenectady, Montgomery and Fulton counties.
In addition, it covers the towns of Ballston, Charlton, Wilton, Galway, Providence, Edinburg, Greenfield, Corinth, Hadley and Day, as well as, a portion of Saratoga Springs in Saratoga County.