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Author Topic: Business planning is key to beginning farmer success. It helps beginning farmers  (Read 1713 times)
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« on: August 31, 2014, 04:17:19 AM »

Business planning is key to beginning farmer success. It helps beginning farmers:
•   Plan for the economic sustainability of a new farm enterprise;
•   Obtain funding to purchase land, equipment and other resources from lending institutions, investors and/or grant making agencies; and
•   Articulate what their farm will look like.
how to start planning your farm business. Sections include:
1.   Developing a Farm Business Plan
2.   Enterprise Budgeting
Enterprise budget resources are included on this page because such tools are usually essential to develop your business plan. Even so, planning your farm business involves more than is outlined on this page alone. Also, you might find the following article helpful, because it touches on many farm business planning topics in one, tidy document: Farm Products, What to Charge: Marketing, Price, Calculating Costs, Strategy and Much More

1. Developing a Farm Business Plan
A business plan is a decision making tool that takes the form of a formal document. It states your business goals, why you think you can achieve them, and lays out your plan for doing so. Business planning is also a process, not an end product. A farm business plan is a work in progress, which farm business owners or operators will want to revisit regularly.

2. Enterprise Budgets
Enterprise budgets project costs and returns for a particular farm production practice. You can use enterprise budgets to make smart business management decisions, and to help you develop a viable business plan.

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