Business Planning

Business Planning

Budgeting Tools
Agricultural Marketing Resource Center – Business Workbench includes worksheets for budgeting and analysis: https://www.agmrc.org/business-development/business-workbench  

Farm Business Planning, University of Maryland

Planning is essential to any business, no matter how large or small the inventory, payroll, and bank account. To be successful, farm operators must know their current position and future plans. Thinking about your plans is not enough! Taking time to formulate ideas, evaluate your business, devise a strategy, and anticipate possible problems will help your business be successful.

This workbook was designed so that the thoughts and objectives for your business can be organized and thoroughly documented. In the long run, your business plan will serve many purposes, such as: defining a new business; setting goals and planning steps to achieve them; evaluating the effectiveness of business and marketing strategies; setting a direction for the business for the next five years; planning, growth and development for established businesses; and supporting a loan application.

https://extension.umd.edu/sites/extension.umd.edu/files/_docs/programs/mredc/FarmBusinessPlanning-WEB.pdf

Finding Farmland Calculator
Beginning farmers have a powerful new tool in their digital toolbox. The Finding Farmland Calculator, developed by the National Young Farmers Coalition (NYFC) and Fathom Information Design, brings together innovative design and practical resources to help farmers overcome two top obstacles to starting a farm — access to land and capital.

SWOT Analysis
A SWOT analysis is a tool that helps you evaluate the Strengths, Weaknesses, Opportunities, and Threats (SWOT) involved in any business enterprise, including farms and ranches.

Professional Checklist
What you need when you meet with professionals.

Operating Agreement
This is often used as an intermediate arrangement between a wage arrangement and a partnership or corporation.

Business Plan
An explanation of what to include in a business plan.

USDA
The United States Department of Agriculture main website. You will find a multitude of information on this site.

Purdue Extension

Visit the Purdue Extension website for information on all aspects of agriculture.

Penn State Extension: Farm Business Owners Page
Strategies to help your business grow.

Iowa State University Extension Beginning Farmer Center
The Beginning Farmer Center provides information, education and consultation services to beginning and exiting farmers.


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