I get that you have to form "squares" and cover everything below and to the right of income to activate it.
But what about Bonus items/goods.
Can i ignore "below & to the right" and just start by surounding the bonus square?
For example Faroe Islands;
Can i suround the sheep in round one and start to collect sheep?
Or "No" because i cannot cover coin income?
Can i start of by sourind the milk bonus and get 1x milk pr round?
Yes, you can (and should) do those things! As long as you don't cover a coin prematurely you can place a tile where you like including surrounding a bonus.
(Oh and it's below and to the left, if you want to cover an income square, not to the right.)