Include a description and valuation of all outbuildings, such as barns, storage buildings, silos, granaries, garages and living quarters. Evaluate the value of organic certification.
Consumers, concerned with the pesticides and herbicides found in food, are demanding healthy, natural and organic food products. List all presently owned or rented equipment with current valuations and replacement costs.
Prepare a projection of anticipated land or equipment requirements. How to Write a Farm Business Plan by Marlene Affeld - Updated September 26, Every successful farming operation begins with a well thought-out, environmentally friendly and sustainable business plan.
Have a backup plan to deal with crop failures, drought, debt service, market declines and increased cost of doing business. The New England Farm Institute at smallfarm. Incorporate these trends and contingencies into your farm business plan. List all assets, including the acreage and legal description of the farm property.
Provide complete details on cost of seed, livestock, building requirements, equipment, labor, land, supplies and all other expenditures associated with your farm operation. Equip yourself with knowledge. Determine the organizational structure of your farm business.
Contact Food Alliance at foodalliance. The organizational structure is an integral part of your farm business plan. Starting a new small farm business has many inherent risks. Farming requires determination, commitment and careful preparation prior to investment.
A lawyer can be located by contacting your state bar association or contact the National Bar Association at nbacls.
Decide if you will be using family members for labor or hiring outside employees. American Institute of Public Accountants Leigh Farm Road Durham, NC Prepare a mission statement for your farm operation laying out short-term and long-term goals and concise plans for how you will meet your production objectives.
Consult a lawyer or tax adviser to decide if your entrepreneurial efforts are best suited to a sole proprietorship, partnership or corporation. If you plan to grow organically, list the requirements and cost for certification in your farm business plan and outline how you will meet those objectives.
Study market trends, annual crop production, weather patterns and any other variables that could effect the success of your farm operation. Many other risks can be eliminated or managed by following a long-term, carefully constructed farm business and operation plan.
Assemble all land usage history, water rights, permits and licenses that apply to your farm operation.
Evaluate the amount of workers needed to meet your production goals. Include insurance, income tax, property taxes, sales taxes, fuel taxes, utilities, freight, professional services, marketing, sales and delivery of your crop or product.
Include in your business plan a capital reserve fund to be increased annually from farm profits.How to Write a Small Farm Business Plan.
Writing a farm business plan can be a tool for you to plan your farming business. It can also be a requirement of securing grants and loans for your farm business. A business plan is a roadmap for your small farm.
It is both process and product. During the writing of a farm business plan, you'll develop an overall vision and mission for your business. You will think about your short- and long-term goals. You'll define the steps needed to achieve those goals.
Free Farm and Food Production Sample Business Plans A good business plan will help your farm or food production business succeed. Before you start writing your business plan, take a look at some sample business plans for farms, food growers, food production facilities, and other agriculture-related businesses.
In the writing of the business plan, you will consider markets, supply and demand, as well as anything and everything that pertains to your farm operations, management structure, financial analysis, products and price points. However, for a small business, it's best to keep the plan short and concise, especially if you intend to submit it to bankers or investors.
For a detailed description of each section of the plan, you'll want to refer to the Guide to Writing a Business Plan Step By Step. Simple Business Plan Template Title Page.
Agriculture Farm Business Plan. The financial sales forecasting tool is very intuitive and makes writing a business plan more fun.
Helga D. Svala. Start Your Plan. Plan Outline. Executive Summary Business Planning Funding Starting Pitching Managing Small Business Loans Angel Investment Branding. Planning Resources/5().Download