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Depending on the source, business plans can be structured in different ways, but each seeks to accurately depict what your business is all about in both words and financial numbers.
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.
However, farming is a tough business, and without a solid business plan, it can be difficult for a first-time farmer to make ends meet.
Sometimes an outside source is needed to take a fresh look at the farm’s situation.
Using expertise, financial software, and face-to-face consultation, creative solutions can be found to ease the crisis.
Often it’s a matter of making a small change in production or marketing strategies.
Sometimes it involves identifying a creative local market or adapting agriculture business ideas picked up from other farmers.
If you fail to plan, you plan to fail, so the saying goes.
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.
Diversification can be key to the survival of today’s farming operation.
Existing farms can have an advantage in niche markets.