Business planning is an important part of owning and managing a farm. Producers traditionally go through the business planning process to: 1) Evaluate production alternatives; 2) Identify new market opportunities; and 3) Communicate their ideas to lenders, business partners and family. As agricultural entrepreneurs define and create themselves away from more “conventional” farming models, business planning has become more important than ever.
Solution
Producers considering innovative management practices and immature markets use business plans to map out strategies to take advantage of new opportunities such as organic farming, on-farm processing, direct marketing and rural tourism. A business plan helps producers demonstrate that they have fully researched their proposed alternative; they know how to produce their product, how to sell what they produce, and how to manage financial risk.
Description
This tool addresses the evolving business planning needs of beginning and experienced rural entrepreneurs. It is a useful guidebook that is relevant to the alternative farm operations and rural businesses of today. This publication is available in English and as a shortened version in Spanish.
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Disqus
In order to use the comment function, you must register with the third-party provider "Disqus".
When you activate this function, your browser establishes a direct connection with the servers of the third-party provider. We would like to point out that data is transmitted to the third-party provider after activation, and the latter may set cookies that can also be used for analysis and marketing purposes. For more information, please refer to our privacy policy.
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