Business Plan For A Farm
“A good business-planning process will put you through the paces of assessing the realities: exploring markets, looking at your assets, and thinking about what you can realistically do with your time and skills,” says Jody Padgham, editor of (Midwest Organic and Sustainable Ed Service, 2012).“Even if you never show your business plan to anyone else, it will be very valuable in helping you think your farm business through from every angle.” The best plans are those that are constantly revisited, revised, and that incorporate changes in the business environment or marketplace as they occur.Create an organizational chart to explain the flow of responsibility and create a brief job description for each position.List the separate departments of your farm operation and the responsibilities of each department supervisor.Include the costs for each piece of machinery, as well as the costs for materials and supplies, such as tillers, tractors, seeds, fertilizer, barrels and every other item that is required to operate your farm.Identify the government regulations that your farm operation will be required to meet.In cases where you’re soliciting investment or loans to start your business, being accurate, realistic and complete in your descriptions and financials could be the difference between getting some start-up capital or not.It’s the process of writing the business plan that’s often the most valuable.
There are seven basic units of a business plan, each serving a role to clearly direct your operation’s course of action over the next three to five years.
Create a written explanation of how your operation intends on generating profit.
Present a few tables to emphasize the financial forecasts.
Regardless of the size of your farm when starting out, whether operating a small truck farm that sells produce at a weekly farmers’ market or a farm with multiple enterprises that support your entire family plus some part-time employees, getting a plan down on paper is essential to your success.
Undoubtedly, when beginning farmers get started, it’s their passion for feeding the world good food and taking care of the land that drives their ventures.