Business Planning for Farms
"Business planning is a critical component to any operation. Even though a 'seat-of-the-pants' approach to farming might work, it takes too long to figure out if a decision is a poor one; you can waste years doing the wrong thing when you could have been doing the right thing." G. Reynolds, Riverbend Farm
No matter whether you've been farming for 3 or 33 years, capturing your values, goals, and strategies for managing your resources on paper is helpful in evaluating production alternatives, marketing opportunities, and communicating your ideas to family and professional advisors. There are tons of resources available online, through the N.C. Cooperative Extension network, and at your local community college's Small Business Center.
For Farm Folk: Basic Elements of a Business Plan
For Teachers/Coaches/Agents: Guides to Assist the Business Planning Process
For more information and resources for Farm Business Planning, check out these websites:
- Web Resources for Farm Business Management - Click here.