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Agricultural Business Plan Template

Written by Dave Lavinsky

Agricultural Business Plan

You’ve come to the right place to create your Agricultural business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Agricultural companies.

Below is a template to help you create each section of your Agricultural business plan.

Executive Summary

Business overview.

Schrute’s Roots is a startup agricultural business that produces crops for Scranton, Pennsylvania and the surrounding area. Schrute’s Roots will specifically grow root vegetables, including potatoes, onions, and beets. The company’s mission statement is to work hard to grow these vegetables organically and without any chemicals. We will sell our produce at local farmer’s markets as well as to local restaurants and other establishments that would like to use or sell our produce.

Schrute’s Roots is owned and led by Dwight Schrute. Dwight has been a farm operations manager for the past twenty years, bringing a plethora of knowledge and skills that will prove to be invaluable to all aspects of the business. After working as a farm operations manager, Dwight desired to run his own agricultural farm business that grows organic produce and benefits the local community. He will utilize his prior knowledge and experience to manage crop production, operations, and other aspects of the business.

Product Offering

Schrute’s Roots grows a variety of root vegetables for Scranton, Pennsylvania and the local community. All produce will be organically grown. We alternate our crops, so the exact crops that are grown will be dependent on the season and current crop cycle. Some crops that we plan to grow include the following:

Customer Focus

Schrute’s Roots will primarily serve the residents and businesses of Scranton, Pennsylvania and the surrounding areas. Any individual or establishment that is interested in purchasing our crops is welcome to partner with us. We will sell our crops to individuals at local farmer’s markets and directly to wholesalers, grocery stores, and restaurants.

Management Team

Schrute’s Roots’ most valuable asset is the expertise and experience of its founder, Dwight Schrute. Dwight has been a farm operations manager for the past twenty years, bringing a plethora of knowledge and skills that will prove to be invaluable to all aspects of the business. After working as a farm operations manager, Dwight desired to run his own agricultural business that grows organic produce and benefits the local community. He will utilize his prior knowledge and experience to manage crop production, operations, and other aspects of the business.

Success Factors

Schrute’s Roots will be able to achieve success by offering the following competitive advantages:

  • Management: Schrute’s Roots’ management team has years of experience in agricultural operations, which will prove invaluable to all aspects of the business.
  • Relationships: Having lived in the community for twenty years, Dwight Schrute knows all of the local leaders, media, and other influencers. As such, it will be relatively easy for Schrute’s Roots to build brand awareness and an initial customer base.
  • Quality products at affordable pricing: Schrute’s Roots will provide quality products at affordable pricing, as it has high-quality equipment and uses the latest techniques.

Financial Highlights

Schrute’s Roots is currently seeking $750,000 to start the company. The funding will be dedicated towards securing the land and purchasing equipment and supplies. Funding will also be dedicated towards three months of overhead costs and marketing costs. Specifically, these funds will be used as follows:

  • Land: $200,000
  • Equipment: $200,000
  • Three Months of Overhead Expenses (payroll, utilities): $150,000
  • Marketing Costs: $100,000
  • Working Capital: $100,000

The following graph below outlines the pro forma financial projections for Schrute’s Roots.

Schrute's Roots Financial Projections

Company Overview

Who is schrute’s roots.

Schrute’s Roots is a startup agricultural business that produces crops for Scranton, Pennsylvania and the surrounding area. Schrute’s Roots will specifically grow root vegetables, including potatoes, onions, and beets. The company’s mission is to grow vegetables organically and without any chemicals. We will sell our produce at local farmer’s markets as well as to local restaurants and other establishments that would like to use or sell our produce.

  Schrute’s Roots is owned and led by Dwight Schrute. Dwight has been a farm operations manager for the past twenty years, bringing a plethora of knowledge and skills that will prove to be invaluable to all aspects of the business. After working as a farm operations manager, Dwight desired to run his own agricultural business that grows organic produce and benefits the local community. He will utilize his prior knowledge and experience to manage crop production, operations, and other aspects of the business.

Schrute’s Roots’ History

Dwight Schrute incorporated Schrute’s Roots as an S-corporation on May 1st, 2023. The operations aspects of the business will be run from Dwight’s home, while the agricultural aspects will be run from the land purchased for crop production.

Since incorporation, the company has achieved the following milestones:

  • Found land to grow the crops and wrote a letter of intent to purchase it
  • Developed the company’s name, logo, and website
  • Determined agricultural equipment and inventory requirements
  • Began recruiting key employees

Schrute’s Roots’ Services

Industry analysis.

The agricultural industry is vital to all communities. The crops and products grown by local farmers and crop production companies are essential to the health of local communities. They provide jobs to the locals and result in locally grown food that the nearby residents can purchase. Larger agriculture businesses do not offer these benefits to smaller communities. Because of this, there has been a greater demand and emphasis on the sustainability of local agricultural companies that can directly benefit the local community.

Furthermore, market research shows that local communities are demanding that crop production and other agricultural companies grow their products organically. Organic foods are much healthier for individuals to eat because they provide more nutrition and aren’t laced with chemicals. Improved technology and research into organic methods are making this form of crop production more profitable and sustainable.

Therefore, with the increasing demand for local organic farms, we are confident that Schrute’s Roots will succeed in the local market and benefit the residents of the Scranton area.

Customer Analysis

Demographic profile of target market.

Schrute’s Roots will serve the industries and community residents of Scranton, Pennsylvania and its surrounding areas. We will sell our produce at farmer’s markets to individuals and directly to establishments that wish to partner with us.

The demographics of Scranton, Pennsylvania are as follows:

Customer Segmentation

Schrute’s target audience segments include:

  • Individuals
  • Restaurants
  • Grocery Stores

Competitive Analysis

Direct and indirect competitors.

Schrute’s Roots will face competition from other agriculture businesses. A description of each competitor company is below.

AgraFarm is one of the largest raw food manufacturers in the U.S., owning a 15,000-acre farm for agriculture. It has well-established connections with big FMCG companies and has been thriving in the agricultural industry for 12 years. It also has automated equipment and machines, which helps in improving its operations and reducing costs. AgraFarm is also known for delivering large orders at the right time without delay.

BDA Farms was established in 1998. BDA Farms is a very well-known company that provides good quality organic produce to companies. It also has a very good brand value, and its product packaging is second to none. BDA Farms is located in Scranton, Pennsylvania, and it has a very effective distribution and supply chain network.

BeetFarms was initially a beets producer company and then branched out to other vegetables. BeetFarms is now one of the ten largest vegetable producers in the state. The Company’s packaging and processing units are located in Scranton, Pennsylvania. It has recently acquired other local vegetable producers, expanding its operations as well as limiting the variety of farms producing vegetables for the community.

Competitive Advantage

Schrute’s Roots will be able to offer the following advantages over their competition:

Marketing Plan

Brand & value proposition.

Schrute’s Roots will offer the unique value proposition to its clientele:

  • Production of high-quality organic produce
  • Affordable pricing
  • Providing excellent customer service and customer experiences

Promotions Strategy

The promotions strategy for Schrute’s Roots is as follows:

Social Media Marketing

Social media is one of the most cost-effective and practical marketing methods for improving brand visibility. The company will use social media to develop engaging content in terms of various forms and technologies of commercial cultivation and post customer reviews that will increase audience awareness and loyalty.

Website/SEO

Schrute’s Roots will develop a professional website that showcases pictures of the farm and the products we will grow. It will also invest in SEO so that the company’s website will appear at the top of search engine results.

Industry Events

By attending regional farming conferences, association meetings, and symposia, Schrute’s Roots will network with agricultural industry leaders and seek referrals to potential customers.

Direct Mail

The company will use a direct mail campaign to promote its brand and draw customers, as well. The campaign will blanket specific neighborhoods with simple, effective mail advertisements that highlight the credentials and credibility of Schrute’s Roots as a high-quality crop production agriculture business.

Schrute’s Roots’ pricing will be competitive. Pricing will be about 50% lower than retail prices to allow wholesalers and retailers to earn their margins.

Operations Plan

Operation Functions: The following will be the operations plan for Schrute’s Roots.

  • Dwight Schrute will be the Owner and President of the company. He will oversee all staff and manage client relations. He will help with the produce cultivation until he has hired a full staff of farmhands. Dwight has spent the past year recruiting the following staff:
  • Meredith Grant – will oversee all administrative aspects of running the farm. This will include bookkeeping, tax payments, and payroll of the staff.
  • Kevin Baird – Head Farmhand who will oversee the farming staff and day to day operations.
  • Oscar Smith– Assistant Farmhand who will assist Kevin.

Milestones:

Schrute’s Roots will have the following milestones completed in the next six months.

  • 07/202X Finalize land purchase
  • 08/202X Design and build out Schrute’s Roots
  • 09/202X Hire and train initial staff
  • 10/202X Kickoff of promotional campaign
  • 11/202X Launch Schrute’s Roots
  • 12/202X Reach break-even

Financial Plan

Key revenue & costs.

Schrute’s Roots’ revenues will come from the sales of root vegetables to its customers and local food establishments.

The major cost drivers for Schrute’s Roots will be labor expenses, land purchase, equipment purchases and maintenance, and marketing plan expenses.

Funding Requirements and Use of Funds

  • Three months of overhead expenses (payroll, utilities): $150,000
  • Marketing costs: $100,000
  • Working capital: $100,000

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and pay off the startup business loan.

  • Number of customers per month:
  • Annual equipment maintenance costs: $20,000

Financial Projections

Income statement, balance sheet, cash flow statement, agricultural business plan faqs, what is an agricultural business plan.

An agricultural business plan is a plan to start and/or grow your agricultural business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your Agricultural business plan using our Agricultural Business Plan Template here .

What are the Main Types of Agricultural Businesses?

There are a number of different kinds of agricultural businesses , some examples include: Animal feed manufacturing, Agrichemical and seed manufacturing, Agricultural engineering, Biofuel manufacturing, and Crop production.

How Do You Get Funding for Your Agricultural Business Plan?

Agricultural businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start an Agricultural Business?

Starting an agricultural business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop An Agricultural Business Plan - The first step in starting a business is to create a detailed agricultural business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your agricultural business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your agricultural business is in compliance with local laws.

3. Register Your Agricultural Business - Once you have chosen a legal structure, the next step is to register your agricultural business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your agricultural business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.

7. Acquire Necessary Agricultural Equipment & Supplies - In order to start your agricultural business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your agricultural business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

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Farm Business Plan Template

Written by Dave Lavinsky

Growthink.com Farm Business Plan Template

Over the past 20+ years, we have helped over 3,500 farmers create business plans to start and grow their farm businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a farm business plan template step-by-step so you can create your plan today.

Download our Ultimate Farm Business Plan Template here >

What is a Farm Business Plan?

A business plan provides a snapshot of your farm business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Farm

If you’re looking to start a farm business or grow your existing farm business you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your farm business in order to improve your chances of success. Your farm business plan is a living document that should be updated annually as your company grows and changes. It can be used to create a vegetable farm business plan, or a dairy farm, produce farm, fruit farm, agriculture farm and more.

Source of Funding for Farm Businesses

With regards to funding, the main sources of funding for a farm business are personal savings, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business.

The second most common form of funding for a farm business is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan.

Finish Your Business Plan Today!

Your business plan should include 10 sections as follows:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of farm business you are operating and the status; for example, are you a startup, do you have a farm business that you would like to grow, or are you operating a chain of farm businesses.

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the farm business industry. Discuss the type of farm business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.

Company Analysis

In your company analysis, you will detail the type of farm business you are operating.

For example, you might operate one of the following types among others:

  • Vegetable Farm : this type of farm grows a wide variety of vegetables (but not grains or soybeans) and melons in open fields and in greenhouses.
  • Dairy Farm : this type of farm primarily raises cattle for milk. Typically, this type of farm does not process the milk into cheeses or butter, etc.
  • Fruit Farm : this type of farm primarily grows fruits.
  • Hay and Crop Farm : More than half of these types of farms grow hay, while a small number grow sugar beets. A variety of other crops, such as hops and herbs, are included in the industry. Some operators also gather agave, spices, tea and maple sap.
  • Industrial Hemp Farm : this type of farm grows and harvests cannabis plants with a tetrahydrocannabinol (THC) content of less than 0.3% by weight.
  • Plant & Flower Farm : this type of farm grows nursery plants, such as trees and shrubs; flowering plants, such as foliage plants, cut flowers, flower seeds and ornamentals; and short rotation woody trees, such as Christmas trees and cottonwoods.
  • Vertical Farming : This type of farm involves growing crops in vertically stacked layers, often using controlled environment agriculture (CEA) technologies. This method dramatically reduces the amount of land space needed for farming and can increase crop yields.

In addition to explaining the type of farm business you operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include sales goals you’ve reached, acquisition of additional acreage, etc.
  • Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the farm business.

While this may seem unnecessary, it serves multiple purposes.

First, researching the farm business industry educates you. It helps you understand the market in which you are operating. 

Secondly, market research can improve your strategy particularly if your research identifies market trends. For example, if there was a trend towards decaffeinated farm business consumption, it would be helpful to ensure your plan calls for plenty of decaffeinated options.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your farm business plan:

  • How big is the farm business (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential market for your farm business. You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your farm business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: food manufacturers, grocery wholesalers, retail grocers, restaurants, individual consumers, etc.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of farm business you operate. Clearly food manufacturers would want different pricing and product options, and would respond to different marketing promotions than retail grocers.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

Finish Your Farm Business Plan in 1 Day!

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other farm businesses.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes processed foods, imported goods, and growing produce themselves. You need to mention such competition to show you understand the true nature of the market.

With regards to direct competition, you want to detail the other farm businesses with which you compete. Most likely, your direct competitors will be farm businesses located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

  • What types of customers do they serve?
  • What products do they offer?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide superior products?
  • Will you provide products that your competitors don’t offer?
  • Will you make it easier or faster for customers to acquire your products?
  • Will you provide better customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a farm business plan, your marketing plan should include the following:

Product : in the product section you should reiterate the type of farm business that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to wholesale crops, will you also offer subscriptions to individuals?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the products you offer and their prices.

Place : Place refers to the location of your farm. Document your location and mention how the location will impact your success. For example, is your farm centrally located near gourmet restaurants and specialty grocers, etc. Discuss how your location might provide a steady stream of customers. Also, if you operate or plan to operate farm stands, detail the locations where the stands will be placed.

Promotions : the final part of your farm business marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

  • Making your farm stand extra appealing to attract passing customers
  • Distributing produce samples from the farm stand or at farmers markets 
  • Advertising in local papers and magazines
  • Reaching out to local bloggers and websites 
  • Local radio advertising
  • Banner ads at local venues

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your farm business such as serving customers, delivering produce, harvesting, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to serve your 1,000th customer, or when you hope to reach $X in sales. It could also be when you expect to hire your Xth employee or acquire more arable land.

Management Team

To demonstrate your farm business’s ability to succeed as a business, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in farming. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in farming and/or successfully running small businesses.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 100 customers per week or 200? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : While balance sheets include much information, to simplify them to the key items you need to know about, balance sheets show your assets and liabilities. For instance, if you spend $100,000 on building out your farm, that will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $100.000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt. For example, let’s say a company approached you with a massive $100,000 supplier contract, that would cost you $50,000 to fulfill. Well, in most cases, you would have to pay that $50,000 now for seed, equipment, employee salaries, etc. But let’s say the company didn’t pay you for 180 days. During that 180 day period, you could run out of money.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a farm business:

  • Location build-out including barn construction, land preparation, etc.
  • Cost of equipment like tractors and attachments, silos, barns, etc.
  • Cost of nutrients and maintaining machinery
  • Payroll or salaries paid to staff
  • Business insurance
  • Taxes and permits
  • Legal expenses

Your new farm’s business plan must include a detailed financial plan based on reasonable assumptions of your costs and revenues. To determine if the results you show in this plan will be attractive to investors, look at industry standard financial metrics to see how you measure up against the farming industry, or your sector of the industry, on average. These are some basic measures and ratios to study.

Value of Production

The value of production is equal to your farm’s cash receipts plus the changes in value of product inventory and accounts receivable, less your livestock purchases. This is a measure of the value of the commodities you have produced in the period.

Net Farm Income

The NFI or net farm income, represents the value of production less direct and capital costs in the time period. This is a dollar figure, and not a ratio relating the income to the investment made, so it cannot be used to compare the farm against other farms.

Gross Margin

This represents the NFI less depreciation. The gross margin shows how much money is available in the year to cover the unallocated fixed costs, and dividends to owners and unpaid operators.

Return on Farm Assets

This is a ratio that can be used to compare the farm with others. This is calculated as NFI plus interest expense less unpaid operator labor, all divided by the total assets of the farm.

Asset Turnover Ratio

This ratio is equal to the value or production over the total farm assets. Combined with the operating profit margin ratio, this shows the efficiency of the farm in generating revenues.

Operating Profit Margin Ratio

This ratio is similar to Return on Farm Assets, but divides the same numerator (NFI plus interest expense less unpaid operator labor) by the value of production figure. This shows the percentage of each revenue dollar that becomes profit. If it is low, a higher turnover can compensate, and if it is high, a lower turnover ratio is required.

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your store design blueprint or location lease.

Farm Business Plan Summary

Putting together a business plan for your farm business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. It can be used for a small farm business plan template or any other type of farm. You will really understand the farm business, your competition and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful farm business.

Download Our Farm Business Plan PDF

You can download our farm business plan PDF here . This is a small farm business plan example pdf you can use in PDF format.  

Farm Business Plan FAQs

What is the easiest way to complete my farm business plan.

Growthink's Ultimate Farm Business Plan Template allows you to quickly and easily complete your Farm Business Plan.

Where Can I Download a Free Farm Business Plan Example PDF?

You can download our farm business plan PDF template here . This is an example business plan template you can use in PDF format.

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How to Start a Farm: Plan Your Operation

Think about your operation from the ground up and start planning for your business.  A good farm business plan is your roadmap to start-up, profitability, and growth, and provides the foundation for your conversation with USDA about how our programs can complement your operation. 

Keep reading about planning your business below, get an overview of the beginning farmer's journey , or jump to a different section of the farmer's journey.

On This Page

Why you need a farm business plan.

A comprehensive business plan is an important first step for any size business, no matter how simple or complex. You should create a strong business plan because it:

  • Will help you get organized . It will help you to remember all of the details and make sure you are taking all of the necessary steps.
  • Will act as your guide . It will help you to think carefully about why you want to farm or ranch and what you want to achieve in the future. Over time, you can look back at your business plan and determine whether you are achieving your goals.
  • Is required to get a loan . In order to get an FSA loan, a guarantee on a loan made by a commercial lender, or a land contract, you need to create a detailed business plan . Lenders look closely at business plans to determine if you can afford to repay the loan.

How USDA Can Help

Whether you need a good get-started guide, have a plan that you would like to verify, or have a plan you’re looking to update for your next growth phase, USDA can help connect you to resources to help your decisions.

Your state's beginning farmer and rancher coordinator  can connect you to local resources in your community to help you establish a successful business plan. Reach out to your state's coordinator for one-on-one technical assistance and guidance. They can also connect you with organizations that specifically serve beginning farmers and ranchers.

It is important to know that no single solution fits everyone, and you should research, seek guidance, and make the best decision for your operation according to your own individual priorities.

Build a Farm Business Plan

There are many different styles of business plans. Some are written documents; others may be a set of worksheets that you complete. No matter what format you choose, several key aspects of your operation are important to consider.

Use the guidelines below to draft your business plan. Answering these kinds of questions in detail will help you create and develop your final business plan. Once you have a business plan for your operation, prepare for your visit to a USDA service center. During your visit, we can help you with the necessary steps to register your business and get access to key USDA programs.

Business History

Are you starting a new farm or ranch, or are you already in business? If you are already in business:

  • What products do you produce?
  • What is the size of your operation?
  • What agricultural production and financial management training or experience do you, your family members, or your business partners have?
  • How long have you been in business?

Mission, Vision, and Goals

This is your business. Defining your mission, vision and goals is crucial to the success of your business. These questions will help provide a basis for developing other aspects of your business plan.

  • What values are important to you and the operation as a whole?
  • What short- and long-term goals do you have for your operation?
  • How do you plan to start, expand, or change your operation?
  • What plans do you have to make your operation efficient or more profitable ?
  • What type of farm or ranch model (conventional, sustainable, organic, or alternative agricultural practices) do you plan to use?

Organization and Management

Starting your own business is no small feat. You will need to determine how your business will be structured and organized, and who will manage (or help manage) your business. You will need to be able to convey this to others who are involved as well.

  • What is the legal structure of your business? Will it be a sole proprietorship, partnership, corporation, trust, limited liability company, or other type of entity?
  • What help will you need in operating and managing your farm or ranch?
  • What other resources, such as a mentor or community-based organization , do you plan to use?

Marketing is a valuable tool for businesses. It can help your businesses increase brand awareness, engagement and sales. It is important to narrow down your target audience and think about what you are providing that others cannot.

  • What are you going to produce ?
  • Who is your target consumer ?
  • Is there demand for what you are planning to produce?
  • What is the cost of production?
  • How much will you sell it for and when do you expect to see profit ?
  • How will you get your product to consumers ? What are the transportation costs and requirements?
  • How will you market your products?
  • Do you know the relevant federal, state, and local food safety regulations? What licensing do you need for your operation?

Today there are many types of land, tools, and resources to choose from. You will need to think about what you currently have and what you will need to obtain to achieve your goals.

  • What resources do you have or will you need for your business?
  • Do you already have access to farmland ? If not, do you plan to lease, rent, or purchase land?
  • What equipment do you need?
  • Is the equipment and real estate that you own or rent adequate to conduct your operation? If not, how do you plan to address those needs?
  • Will you be implementing any conservation practices to sustain your operation?
  • What types of workers will you need to operate the farm?
  • What additional resources do you need?

Now that you have an idea of what you are going to provide and what you will need to run your operation you will need to consider the finances of your operation.

  • How will you finance the business?
  • What are your current assets (property or investments you own) and liabilities (debts, loans, or payments you owe)?
  • Will the income you generate be sufficient to pay your operating expenses, living expenses, and loan payments?
  • What other sources of income are available to supplement your business income?
  • What business expenses will you incur?
  • What family living expenses do you pay?
  • What are some potential risks or challenges you foresee for your operation? How will you manage those risks?
  • How will you measure the success of your business?

Farm Business Plan Worksheets

The Farm Business Plan Balance Sheet can help gather information for the financial and operational aspects of your plan.

Form FSA-2037 is a template that gathers information on your assets and liabilities like farm equipment, vehicles and existing loans.

  • FSA-2037 - Farm Business Plan - Balance Sheet
  • FSA-2037 Instructions

Planning for Conservation and Risk Management

Another key tool is a conservation plan, which determines how you want to improve the health of your land. A conservation plan can help you lay out your plan to address resource needs, costs and schedules.

USDA’s Natural Resources Conservation Service (NRCS) staff are available at your local USDA Service Center to help you develop a conservation plan for your land based on your goals. NRCS staff can also help you explore conservation programs and initiatives, such as the Environmental Quality Incentives Program (EQIP) .

Conservation in Agriculture

Crop insurance, whole farm revenue protection and other resources can help you prepare for unforeseen challenges like natural disasters.

Disaster Recovery

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Special Considerations

Special considerations for businesses.

There are different types of farm businesses each with their own unique considerations. Determine what applies to your operation.

  • Organic Farming  has unique considerations. Learn about organic agriculture , organic certification , and the  Organic Certification Cost Share Program  to see if an organic business is an option for you. NRCS also has resources for organic producers and offers assistance to develop a conservation plan.
  • Urban Farming  has special opportunities and restrictions. Learn how USDA can help farmers in urban spaces .
  • Value-Added Products . The Agricultural Marketing Resource Center (AgMRC) is a national virtual resource center for value-added agricultural groups.
  • Cooperative.  If you are interested in starting a cooperative, USDA’s Rural Development Agency (RD) has helpful resources to help you begin . State-based  Cooperative Development Centers , partially funded by RD, provide technical assistance and education on starting a cooperative.

Special Considerations for Individuals

Historically Underserved Farmers and Ranchers: We offer help for the unique concerns of producers who meet the USDA definition of "historically underserved,"  which includes farmers who are:

  • socially disadvantaged
  • limited resource
  • military veterans

Women: Learn about specific incentives, priorities, and set asides for  women in agriculture within USDA programs.

Heirs' Property Landowners: If you inherited land without a clear title or documented legal ownership, learn how USDA can help Heirs’ Property Landowners gain access to a variety of programs and services

Business Planning

Creating a good business plan takes time and effort. The following are some key resources for planning your business.

  • Farm Answers from the University of Minnesota features a library of how-to resources and guidance, a directory of beginning farmer training programs, and other sources of information in agriculture. The library includes business planning guides such as a Guide to Developing a Business Plan for Farms and Rural Businesses and an Example Business Plan .
  • The Small Business Administration (SBA) offers information about starting, managing, and transitioning a business.

SCORE is a nonprofit organization with a network of volunteers who have experience in running and managing businesses. The Score Mentorship Program partners with USDA to provide:

  • Free, local support and resources, including business planning help, financial guidance, growth strategies.
  • Mentorship through one-on-one business coaching -- in-person, online, and by phone.
  • Training from subject matter experts with agribusiness experience.
  • Online resources and step-by-step outlines for business strategies.
  • Learn more about the program through the Score FAQ .

Training Opportunities

Attend field days, workshops, courses, or formal education programs to build necessary skills to ensure you can successfully produce your selected farm products and/or services. Many local and regional agricultural organizations, including USDA and Cooperative Extension, offer training to beginning farmers.

  • Cooperative Extension  offices address common issues faced by agricultural producers, and conduct workshops and educational events for the agricultural community.
  • extension.org  is an online community for the Cooperative Extension program where you can find publications and ask experts for advice.

Now that you have a basic plan for your farm operation, prepare for your visit to a USDA service center.

2. Visit Your USDA Service Center

How to Start a Farm with USDA

Get an  overview of the beginning farmer's journey  or jump to a specific page below.

Find Your Local Service Center

USDA Service Centers are locations where you can connect with Farm Service Agency, Natural Resources Conservation Service, or Rural Development employees for your business needs. Enter your state and county below to find your local service center and agency offices. If this locator does not work in your browser, please visit offices.usda.gov.

Learn more about our Urban Service Centers . Visit the Risk Management Agency website to find a regional or compliance office  or to find an insurance agent near you.

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How to Create an Agricultural Business Plan

Blog > how to create an agricultural business plan, table of content, introduction, executive summary, company description, market analysis, product/service description, marketing and sales strategies, operational plan, swot analysis, financial projections, funding and investment, risk management, sustainability and environmental impact, legal and regulatory compliance, timeline and milestones, our other categories.

  • Company Valuation
  • Pitch Deck Essentials
  • Raising Capital
  • Startup Guide
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Reading Time : 16 Min

Business plan 101.

How to Create an Agricultural Business Plan Stellar Business Plans

Starting an agricultural venture is an exciting and rewarding journey, but it requires careful planning and a well-crafted agricultural business plan. This document serves as a roadmap for your agricultural business, outlining your goals, strategies, and financial projections. In this comprehensive guide, we will walk you through each step of creating a robust agricultural business plan to set your venture up for success. Whether you’re planning to start a small family farm or a large-scale agricultural operation, this guide will help you make informed decisions and navigate the challenges of the agricultural industry.

The executive summary is the first section of your agricultural business plan, but it is typically written last. This section provides a concise overview of your entire plan and should capture the reader’s attention. Include the following elements in your executive summary:

  • Example: ABC Farms is a sustainable agriculture venture committed to providing organic, locally sourced produce to health-conscious consumers in the region. Our mission is to promote eco-friendly farming practices and support local communities while delivering premium-quality products.

Stellar Business Tips: Keep your executive summary clear, compelling, and focused. Highlight the unique selling points of your agricultural business and how it addresses market demands.

In this section, provide a comprehensive description of your agricultural business. Include the following details:

  • Example: ABC Farms was founded in 2010 by John and Jane Smith, who have a combined experience of over 20 years in sustainable agriculture. The business started as a small family farm and has since expanded to a 50-acre organic farm with a diverse range of crops, including vegetables, fruits, and herbs.

Stellar Business Tips: Share your business’s background, founders’ expertise, and growth trajectory. Emphasize your passion for agriculture and commitment to environmental and social responsibility.

Conduct a thorough market analysis to gain insights into the agricultural industry, market trends, and potential opportunities. Consider the following factors:

  • Example: The organic produce market has been steadily growing at a rate of 10% per year, driven by increasing consumer awareness of health benefits and environmental concerns. Local restaurants and grocery stores are eager to source fresh, organic produce from nearby farms.

Stellar Business Tips: Use data and statistics to support your market analysis. Identify target customers and potential gaps in the market that your agricultural business can address.

Detail the agricultural products or services your business offers. If you are into crop farming, describe the crops you plan to grow, their varieties, and their uses. If you are into livestock rearing, specify the types of animals and breeds you’ll raise. If you offer agricultural services, describe them in detail.

  • Example: ABC Farms specializes in heirloom vegetables, such as tomatoes, peppers, and cucumbers, renowned for their exceptional flavor and nutritional value. We also raise heritage-breed livestock, including free-range chickens and pasture-raised pigs, to provide ethically sourced meat products.

Stellar Business Tips: Highlight the uniqueness and quality of your agricultural products or services. Emphasize your commitment to sustainability and responsible animal husbandry if applicable.

Outline your marketing and sales strategies to reach and attract your target customers. Consider the following aspects:

  • Example: ABC Farms utilizes social media platforms to showcase our farm-to-table journey and engage with customers. We actively participate in farmers’ markets and local food events to promote our brand and build personal connections with consumers.

Stellar Business Tips: Utilize digital marketing tools, such as social media and email marketing, to create brand awareness and engage with customers directly. Explore partnerships with local businesses to expand your reach.

The operational plan outlines how your agricultural business will function on a day-to-day basis. It includes the following details:

  • Example: ABC Farms employs a team of experienced farmers who follow sustainable farming practices, including crop rotation and integrated pest management, to ensure soil health and minimize environmental impact. We have invested in modern irrigation systems and machinery to optimize productivity and reduce labor costs.

Stellar Business Tips: Detail the specific practices and technologies you’ll use to enhance efficiency and sustainability. Showcase your commitment to ethical and responsible farm management.

Conduct a SWOT analysis to evaluate your agricultural business’s internal strengths and weaknesses, as well as external opportunities and threats. Use this analysis to make informed decisions and develop effective strategies.

  • Example: Strengths: ABC Farms has established a strong reputation for premium-quality produce, garnering repeat customers and positive reviews. Weaknesses: We currently face limited storage facilities for harvested crops, which may affect our ability to meet peak demands.

Stellar Business Tips: Be honest about your agricultural business’s strengths and weaknesses. Address how you plan to capitalize on opportunities and mitigate potential risks.

The financial projections section provides a detailed forecast of your agricultural business’s financial performance over the next 3-5 years. Include the following financial statements:

  • Example: Sales Forecast: We anticipate steady growth in sales, with a projected increase of 15% annually due to expanding customer base and diversified product offerings.

Stellar Business Tips: Use realistic and data-driven estimates for your financial projections. Include contingency plans for unforeseen financial challenges.

If your agricultural business requires funding or investment, outline your funding requirements and sources of financing. This section should include:

  • Example: Funding Requirements: ABC Farms seeks a capital investment of $200,000 to expand farmland, install greenhouses, and upgrade equipment to meet the growing demand for our organic products.

Stellar Business Tips: Clearly explain how the investment will be used to drive the growth and success of your agricultural business.

Identify potential risks and challenges that your agricultural business may face and develop risk management strategies to mitigate their impact. Consider the following risk categories:

  • Example: Market Risks: Fluctuations in commodity prices and changes in consumer preferences may impact our sales revenue. To address this, we will diversify our product offerings and explore new markets.

Stellar Business Tips: Demonstrate your proactive approach to risk management. Provide solutions for handling potential challenges to reassure stakeholders.

As the importance of sustainable farming practices grows, customers and investors increasingly value agricultural businesses that prioritize environmental stewardship and social responsibility. In this section, highlight your commitment to sustainability:

  • Example: ABC Farms is committed to regenerative agriculture practices, including cover cropping and no-till farming, to enhance soil health and sequester carbon. We actively participate in local conservation programs to protect natural habitats and biodiversity.

Stellar Business Tips: Showcase your efforts to contribute positively to the environment and local community. Share success stories of how your sustainable practices have made a difference.

The agricultural industry is subject to various laws and regulations, such as agricultural zoning laws, environmental regulations, labor laws, and food safety standards. In this section, address the legal and regulatory aspects of your agricultural business:

  • Example: ABC Farms complies with all local, state, and federal regulations for organic certification and food safety. We conduct regular inspections and maintain accurate records to ensure full compliance.

Stellar Business Tips: Emphasize your commitment to adhering to legal requirements and ensuring transparency in your agricultural operations.

Develop a timeline for your agricultural business’s key milestones and achievements. This section should include:

  • Example: Milestone Timeline: Year 1 – Acquire additional farmland; Year 2 – Expand greenhouse production; Year 3 – Launch an online farm-to-table store.

Stellar Business Tips: Set realistic timelines for achieving your milestones. This will help you track progress and stay on course.

In conclusion, creating a well-structured and comprehensive agricultural business plan is crucial for your venture’s success. It provides a roadmap to guide your agricultural business towards its goals, while also attracting investors and other stakeholders. Remember that the agricultural industry is dynamic and continually evolving, so your business plan should be flexible enough to adapt to changing market conditions and opportunities.

By following the steps outlined in this guide and incorporating sustainable practices, your agricultural business can thrive in an increasingly competitive landscape. At Stellar Business Plans , we are dedicated to supporting the success of agricultural entrepreneurs like you. Our team of experts can assist you in crafting a tailored business plan that aligns with your vision and values. Let’s cultivate growth together and create a sustainable future for agriculture!

Remember, agricultural business success is not only about financial gains but also about nurturing the land, supporting local communities, and providing consumers with nutritious and ethically sourced products. Let your passion for agriculture and dedication to sustainability shine through every aspect of your business. Together, we can sow the seeds of a thriving agricultural future.

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Did you find what you are looking for.

Agriculture or farming is the only industry consistently performing well, regardless of economic climate changes.

Whether you plan to start farming, cannabis cultivation, a cattle farm, or nursery business, you’ll do great as long as you do things right and have a solid business plan.

This library of farm business plan examples here can inspire and guide you as you begin to plan your business. So, don’t worry; we got you covered on that part.

Let’s learn more about these agriculture business plan samples, starting with their benefits.

Benefits of using an industry-specific business plan example

Believe it or not, using an industry-specific business plan example is the best and probably the quickest way of writing a business plan.

Doubt it? Hold, this may change your perception; an extended list of the benefits of using an industry-specific business plan template.

  • Inspiration : Reading a business-specific template can be incredibly helpful in getting content inspiration. Furthermore, it helps you gain insights into how to present your business idea, products, vision, and mission.
  • Risk-free method : You are taking a reference from a real-life, let’s say, plant nursery business plan—so you know this plan has worked in the past or uses a method subscribed by experts.
  • Deep market understanding : Analyzing and reading such examples can provide clarity and develop a deeper market understanding of complex industry trends and issues you may not know but relate directly to the realities of your business landscape.
  • Increased credibility : A business plan developed using an example follows a standard business plan format, wisely presents your business, and provides invaluable insights into your business. There’s no question it establishes you as a credible business owner, demonstrating your deep business and market understanding.
  • Realistic financial projections : Financial forecasting being a critical aspect of your plan, this real-life example can help you better understand how they project their financials—ultimately helping you set realistic projections for your business.

These were the benefits; let’s briefly discuss choosing an agriculture or food production plan example that best suits your business niche.

Choosing an Agriculture or Farming Business Plan

This category has business plan templates for various farming or agricultural businesses. With many similar business types and templates, you may not find the most suitable one through manual scrolling.

Here are the steps to consider while choosing the most suitable business plan template.

Identify your business type

Are you planning to start cannabis cultivation? Or thinking of doing organic farming? Thinking of taking care of horses through horse boarding?

Asking yourself these questions will help you identify your business type, which will help in choosing a niche-specific business plan template.

Once you identify your business type, you can choose between templates for different business segments.

Search for the template

We have an in-built search feature, so you can easily search for a business-specific template using your business type as a key term. Once you have the search results, choose the most suitable one. Simple as that.

Review the example

Look closely at the content of the sample business plan you are considering. Analyze its sections and components to identify relevant as well as unnecessary areas.

Since all the Upmetrics templates are tailored to specific business needs, there won’t be many fundamental customizations. However, a hybrid business model targeting multiple customer segments may require adjustments.

For instance, if you plan to start a cannabis cultivation business and also produce and sell CBD, you may need to adjust some of your business plan sections accordingly.

No big deal—you can view and copy sections from other business plan examples or write using AI while customizing a template.

That’s how you find and select the most suitable business plan for your farming business. Still haven’t found the perfect business plan example? Here’s the next step for you.

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Agriculture Farm Business Plan Example

Jul.25, 2013

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Table of Content

Agriculture business plan for starting your own business

Farming and agriculture business is not as easy as it seems. An even difficult step is to plan how to write a business plan for agriculture. Whether it is a Christmas tree farm business plan or an organic fertilizer business plan , you need to put real effort into planning each and every aspect of your agriculture business plan . To become successful, you should know the ways to operate your enterprise efficiently. You should know your revenue and cash position. You also need to forecast your crop rotations.

We have here provided a detailed business plan so that you can avoid any inconvenience in making a plan for yourself. No matter if you want to make a fish farm business plan or fountain pepper farm business plan , hydroponics farm business plan , or even an aquaponics farm business plan , this sample business plan agriculture template will help you.

A well-formed business plan of agriculture will help your agriculture business plan grow and generate the revenue that you dream of. It will help in managing your business in hard times and will also improve the chances of getting loans from the government for your business. So, if are thinking of creating a business for a bank loan , check out this template.

Executive Summary

2.1 the business.

The Old Maple Way will be a registered farm in New York, US. The business will aim to provide fresh fruits and vegetables to its customers. Along with it, we provide high-quality dairy products. Instead of competing with other farms in town, we will mainly focus on the quality and pricing of our products.

In any business plan agriculture project, the aims and goals should be clear. Instead of looking for an online business plan expert , you can write your business plan exact like agriculture business plan examples available online.

2.2 Management of Agriculture

The Old Maple Way Farm will be managed by James Celery. He will look into all the operations going on the farm. For his assistance, three managers will work with him. These managers will be trained for a month before starting their jobs. As per this agriculture business plan pdf, James will hire some highly experienced farmers who will look after the growth and management of fruits and vegetables. James will ensure the quality of production himself.

2.3 Customers of Agriculture

Customers are the backbone of every business. If you know the right audience for your agriculture business , you will be able to achieve your target. You will get the idea of how to run your agriculture business plan if you understand your customers. The main customers for the agriculture business will be the following:

  • Export to Foreign Markets
  • Domestic Hotels and Restaurants
  • Domestic Food Companies

2.4 Business Target

The main goal of Old Maple Way Farm is to produce high-quality products for the people. We do not compromise on the hygiene and our team takes care of it.  The most important thing matter to us is our customers’ satisfaction.

Here are our targets:

  • Our primary target is to become the most loved farm by people within the next 3 years of our launch.
  • Our secondary target is to increase the net profit every month.

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Company summary, 3.1 company owner.

The owner of the Old Maple Way will be James Celery. James had a dream of starting his own agriculture business plan since he was a teenager. He wanted to produce high-quality products that do not contain harmful chemicals.

3.2 Why the farm is being started?

When James was asked why he is interested in starting a farm, he said he wanted to produce chemical-free and organic products for the people. He says that nowadays, it is difficult to find something that is purely organic and chemical-free.

Companies and farms are using harmful chemicals to increase their production. Due to it, they have ignored the quality and only focus on the quantity of production. To produce pure products, he planned to start a farm of his own. He further added that he wants to produce products that are affordable and easy to buy.

3.3 How the Farm will be started?

In a business plan for agriculture, you should mention the steps to start a farm. When you know how to make a business plan for agriculture, your agriculture business  will be successful. The agriculture export business plan includes all the necessary steps needed to start an agriculture business. To start a farm, you need the right techniques and ideas. Before starting a farm, you need to consider these essential steps:

Know your Niche

The first and most important step before starting the agriculture business  is to identify your niche. Without deciding the niche, you cannot start a healthy business.

Research Market

Once you have decided on your niche, you need to do market research. For instance, you have planned to grow a specific fruit, so to make the business successful, you should know who will buy your product. Making research on the market will let you know about your competitors and how will you sell your product.

If you are interested in particular fruit, vegetable or product, first learn more about the local market.

Find the Right Land

Once you have decided what product you are going to plant, you need to take the next step, i.e, deciding the land.

If you are starting at a low budget, you can take land on lease. But if you have sufficient investment to start, you can buy your land. If you start the farm on your land, you will have complete control of your farm. But at the same time, there will be more risk factors of financial loss.

In the sample of an agricultural business plan, you will find more detailed steps on how to start an agriculture business  depending upon the type of farm you want to start.

In agriculture service business plan, you should mention all the services and products that your farm will produce. In the business plan agriculture pdf and business plan for agriculture available online. You will find the services that farms offer. Our products include the following:

We will produce fruits that are chemical-free and pure. We believe in producing organic products. Unlike other farms, we do not use any chemical that increases the quantity.

We will produce 100% organic vegetables. Our main focus is on quality and our customer satisfaction.

Cereals & Grains

We will also produce export-quality cereals and grains.

Dairy Products

We will also be offering two dairy products (milk and butter) to further supplement our sales.

20 Highly Profitable Agricultural Farm Business Ideas

If you are an entrepreneur willing to start an agriculture farm business, the following 20 agriculture farm business ideas can come in handy for your business venture.

Growing Mushrooms

Mushroom is a very popular Unlike various other crops, mushrooms can grow in less than a month. It is ready to be harvested in just about 21 days. This is the reason mushrooms have a high profit margin. Often new entrepreneurs are restless to harvest and sell their crops. So, if you too are one such impatient entrepreneur then mushrooms won’t make your wait too long to be ready. You can sell them in 3 weeks time from d date of cultivation.

  • Mushroom farming comprises of 6 stages- first you need to compost; next spawn; case; pin and finally crop it.
  • The soil of your farming land must be suitable for growing mushrooms. If this suits your soil then this is the best crop to grow. Some soils only support specific mushroom cultivation. The environment also plays a significant factor.
  • You can aim to sell the produce in the local markets and also trade them. There are various countries that use mushrooms in their everyday meals. If your land in near such countries, where mushrooms are a favorite among the masses, then this is the best crop to cultivate in your farming land. Also, the convenience of export can take your mushroom business to far off markets as well.

Potato Farming

This is a very common vegetable. Yet, you should consider this as potato cultivation is greatly rewarding in many ways. Potato is consumed in meals almost daily by people both at home as well as in canteens. It is yummy, simple and very nutritious. The demand for potato is so high that even if there are other near-by farming areas growing potatoes, you still can produce it and benefit largely.

  • There are a large variety of potatoes, so check the soil and the market, in order to decide which potato you should cultivate in your land. You can opt for the sweet potatoes or Irish potato farming. They are quite popular across the globe. Furthermore, they can be sold as vegetables directly and can also be sold in the processed form.
  • You can choose bulk potato farming and process them if you have the capital and equipment. Potato chips and French fries are savory snacks loved by all. You can never go wrong with potato business as it ensures a high profit margin.
  • You can also choose to sell potato seeds. This is an excellent money-spinning business idea. Get in touch with local, national and international potato cultivators to sell potato seed tubes and make a flourishing agriculture business out of it.

Spice Production

With the widespread knowledge about the health benefits hidden in various spices, household cooking as well as commercial restaurants have started using spices in their food in daily basis around the world. Furthermore, the boost in flavor and the pleasant aroma that come from adding spices to cuisines has made spices a favorite ingredient in the kitchen. The high demand and being a very costly product, spices are a great option for agriculture farm business plan. Spice cultivation can churn a lot of money making farming a flourishing business opportunity.

  • There are a large variety of spices available such as cardamom, black pepper, nutmeg, cumin, etc. You have a lot of agriculture farming options when it comes to spices.
  • You can choose to start farming the spice as per the popularity in your locality.
  • Spices can be used in food either whole, sun dried, powdered, paste or even in liquid form. You can sell the whole spice. You can also extract the oils from the spices and sell it in bottles.
  • You can plan to grow either a single type of spice or multiple ones depending on your soil. There are different spices that grow in different seasons. You can also opt to grow a spice rarely cultivated in your state and reap huge profits.

Cashew nut agriculture production

Cashew nuts a type of dry fruit that is widely popular across the globe. It is consumed mostly as a savory snack with salt and other spices. You can sell them raw, as well as in processed form. Cashew nut processing entails 4 simple stages. It starts with cleaning the nuts, they roasting them, followed by drying and finally removing the peel.

  • Cashew nuts are highly nutritious, boosts energy and fiber in the body. Hence, demand for cashew nuts is quite high globally. You can earn huge capital by producing cashew nuts in your farm land.
  • Processed cashew nut sale can get you high profits if you can ally with wholesalers near your land and draw in a fixed cashew nut supply. Wholesalers will sell you the raw cashew nuts at a low cost. You can process the cashew and make profit.
  • The medicinal value of cashew nuts has made cashew nut farming a highly lucrative business.

Poultry farming

Chicken is the particular poultry bird raised to the highest number. Gone are the days when households had a few chickens in their backyard to serve their need for eggs and meet. Currently, poultry farming is a huge money-making business that has made its mark internationally. Poultry farming being a lucrative venture has led to the birds being injected with harmful chemicals and are reared in large number without proper hygiene. This has resulted in the rise in demand for good quality poultry farms. This can be your opportunity to grab. Strategize to start an excellently well-maintained poultry farm business to give the masses the best quality eggs and meat.

  • Eggs and meat being a high source of protein have notched a vital place in the dietary charts for good health. This has made people from all walks of life add eggs to their breakfast and consume a portion of meat regularly. Hence, a magnificent rise in the sales of poultry farms.
  • Another way of making gains through poultry farming is selling frozen chicken. You would needs some additional tools and storage facilities incorporated in your farm for this sort of business. Get in touch with the local eateries, fast-food joints, restaurants and hotels to deliver them- frozen chicken. This can be a profitable venture when you have some good contacts established.

Bee-Keeping and Honey-Making Business:

Producing honey by keeping bees in the garden was a personal choice earlier. People passionate about making honey who had a little space in their backyard kept bees. But now, it has turned out to become a huge farming industry that a large number of entrepreneurs take interest in pursuing as an agriculture endeavor. With the heightened honey consumption worldwide, the sales margin has also increased drastically. This has drawn more entrepreneurs in bee farming. The reason for such rise in the demand for honey is because people are switching to honey intake instead of sugar. Honey has been proved very healthy, helps in losing weight and is also used in beauty products. If you desire to start agriculture farm business plan, then this is one of the best choices. Bee-keeping does not require a large farming land nor do you need to invest huge capital. All you require is- some knowledge and training on the basics of keeping bees for agriculture business. There are training schools and experts who teach how to start a honey producing business and also how bees should be monitored. Furnished with such skillful training you can conveniently start farming and run a bee-keeping and honey making business. If you produce honey in your farming area, you can have several prospective clients to sell, such as –

  • Sell it to high net-worth person,
  • There are hard-working people, fitness conscious people who prefer honey to sugar
  • You can buy low-priced top quality honey from dealers, bottle it up and sell it in the market, both in the local as well as global arena.

Herb and Flower Plantation

The best part about herbs and flower plantation is that they can be grown in small quantities. You do not need any skills or expertise to grow them. They can be grown indoors as well as outdoors. Moreover, both hers and flower plants have multiple usages. You can even do a profitable business with dry herbs and flowers. Both are easy to grow, high in demand and lucrative ventures. Furthermore, you can grow both herbs and flowers in the same farming land.  Yes, you will need some appropriate apparatus for good quality plantation results. Adequate water supply, proper sunshine, manure and right method must be followed too. Herbs have a wide range of usages-

  • They are a central ingredient in flavoring food
  • Used for making beautiful fragrances
  • Is majorly bought by the Pharma company
  • Are also used in healing centers to help people relax and loose there stress

Flowers too have multiple usages-

  • There are edible flowers used in cakes and various cuisines
  • They are used in beauty products, to make lipsticks, nail-polish, hair color and so on
  • Several fragrances and extracted from flowers, rose, lavender, orchid being popular blooms. In fact, dry flowers are majorly bought by the fragrance company.
  • Extensively used for decorating venues
  • Flower bouquets, for weddings as well as gifting item is always in trend

Aloe Vera Plantation

Aloe Vera is basically a tropical plant but the good thing about this plant is that, it can be cultivated in dry farming lands as well. Aloe Vera is a profitable agriculture business idea because its medicinal value makes it a highly saleable agriculture product. It can be consumed as well as applied externally. It has lots of vitamins and minerals that are good for heart, immune system, digestion, skin ailments and many more.

Aloe Vera crop is most suitable if your farming land is in a dry area where the climate is mostly warm and humid. This plant doesn’t require much rainfall and doesn’t grow is cold regions. Light sandy type of soil is absolutely befitting for the plantation of aloe Vera agriculture crops.

Aloe Vera plants are best suited for selling globally to the-

  • Herbal industry
  • Pharma companies

Bamboo Plantation

Bamboos mostly grow in the hilly areas. This is why we most often see bamboo farming in the mountains. The immense uses of bamboos plants have made it a successful agriculture business plan choice for several entrepreneurs. There is no way you can fail with bamboo farming plan as there are always buyers inclined to purchase the raw product and process it to use in various form.

Some of the uses of bamboo plants may be listed as follows-

  • Bamboos are strong and flexible. Thus, a very useful construction product. Be it to build roofs, floors, fences etc.
  • They are utilized to build various interior decoration items
  • Furniture made from bamboo plants are a modern trend
  • Best writing papers are made from bamboo fiber
  • Various types of musical instruments are also made using bamboos
  • Tender Bamboo tips are used in cooking
  • Several infectious diseases can be cured through the medicine made from bamboo plants
  • In Asia, the chopsticks being used, are mostly made of bamboo

The huge number of uses makes bamboo plantation a very rewarding business.

Coffee & Tea Plantation

Tea and coffee are two drinks that are very popular globally. So, with coffee and tea plantation you can extend your agriculture business plan and earn huge benefits through export. Coffee and tea plantation requires a suitable soil and good amount of rainfall. The rains and dry season must be well defined so that there can be a growing season and a maturing season. You can plan to directly sell the tea leafs and coffee beans or choose to sell the processed product. With the basic plantation and harvesting techniques learnt, and equipped with the processing tools, machinery and staff, you can make flourishing business out of tea and coffee farming. Get in touch with the tea manufacturing industries, restaurants and cafeterias where there is a constant demand for tea leaves and coffee beans.

Cocoa Farming

Take your love for chocolates a step further! Plan on beginning a cocoa agriculture business. It can prove to be a flourishing enterprise. Chocolate is a favorite not only among kids but among all age groups. Relished across the globe, cocoa farming can be hugely profitable agriculture prospect. You can earn huge capital income by exporting the produced cocoa from your farming area. Cocoa is grown mostly in humid tropical region. Its beans are extracted for cocoa solids and cocoa butter. So, in order to begin farming cocoa trees in your land, you first must ensure you have an agriculture land in a humid area, or plan to buy some area. Once you have the suitable soil you can begin with your cocoa plantation business.

  • To satisfy chocolate lovers delight, cocoa is added in all sorts of foods, beverages and even fragrances.
  • Dark chocolates, chocolate ice-cream, cakes, muffin, cookies, various sweets, deserts, etc., are found everywhere.
  • Spas & beauty parlors too use cocoa in their beauty therapies as it’s very good for skin.
  • Chocolate consumption is a very delicious and easy way to counter bouts of stress & depression.

So, you have a farming soil and climate suitable for growing cocoa; prepare yourself to turn your passion into a agriculture business venture. Cocoa crops can land for hundreds of years. So follow the proper methods of farming and you can be very rich soon.

Lettuce Plantation

Lettuce has become a very popular farming vegetable for its fresh flavor. Restaurants add it to their salads, burgers, sides, etc. as consumers enjoy the crunchy fresh texture of this leafy vegetable.Additionally, the health benefits in lettuce have also made it a favorite among those fit and active person who are always on the look-out to incorporate healthy greens to their daily meal. Lettuce can be grown in several types of farming soils. Mostly, it is suitable to grow in soils rich in organic matter. The best soils for lettuce are those that can contain good quality of water and also have well made drainage system. As far as the temperature goes, lettuce grows well in fairly cool weather, about 15 degree Celsius. If your agriculture farm business plan space is in a slightly warmer land, you can grow lettuce crops by building a shade. You can go for a soil test before beginning to work on the farming area.

Lettuce crops cannot be stored for a longer period. So, keep connected with nearest markets and eateries. After harvesting the lettuce, you must sell them fresh. Lettuce farming is a rewarding business idea for start-ups.

Fruit Plantation

Various types of fruits are consumed around the globe. You may opt to begin farming any type of fruit that suits the land and climate of your particular region. When the soil is befitting only then you will get a productive yield out of which you can gain revenue.

Peaches, exotic fruits, papaya, berries, mangoes, apples, jackfruit, oranges etc., are some fruit types. You can grow any of these fruits or any other for your agriculture business endeavor depending on your soil suitability.  Most fruits are used for making juices, added to cuisines, incorporated in meals as fruit salads, and beauty treatments. Since fruits can be consumed raw you may plan to market and export them immediately after you harvest the produce. You may build processing equipments to make fruit juices and pack them to sell them anywhere in the world.

Fruits contain various healthy & healing ingredients. Hence, maximum nutritionists & doctors suggest children, adults and the elderly; to consume fruits regularly. The fruit agriculture business is an opportunity you must definitely try out.

Palm Tree Cultivation

This is the crop that gives the most quantity of oil. Due to it high yielding capacity palm tree farming is considered a money-spinning business idea. If you intend to earn on a monthly basis through agriculture business then palm tree cultivation is the best choice for your start-up venture.

Deep, moist and well-drained soils are best suited for farming palm trees. This particular crop requires a humid tropical climate. Throughout the year an even amount of rainfall is essential. When every aspect is satisfactory for palm tree farming then you should start off with it at the earliest.

Palm tree plantation and selling of the palm oils, can aid you to cut down the sale of other oils , in turn enhancing the sale of your business. Those oils that are imported are costly for the local market, thus your palm oil will sell more. It is a win-win situation for both you as well as your buyers. Thus, your business will flourish.

Cotton & Wool Production

Textile firms need wool and cotton at all times. They need it constantly for manufacturing various types of cloths. Therefore, it’s a lucrative business idea for any entrepreneur.

Cotton flower and sheep give cotton and wool respectively. So for cotton crop cultivation you need a suitable land. There may be some basic agriculture methods to be followed, certain tools and apparatus required. Of course you have to invest at the onset but after harvest you can make high business gains from your sales. You can also opt to rear sheep and get wool from them.

An advantageous factor of cotton flower and wool is that you can export them easily. There is not much critical process attached to attain the cotton from flowers and the wool is just shaved off the sheep. Furthermore, unlike fruits and vegetable, cotton and wool can be stored for as longer time span and exported to far-off countries as they do not get damaged. Thus you can plan to earn good capital by national and global export of your cotton and wool.

Rubber Production

Rubber, a stretchy materiel, is in huge demand in the market. This crop plantation can prove to be very rewarding. The innumerable items made from rubber makes it a very suitable farming product as it is sale-able in the worldwide market. For instance- Tires, Bags, etc are made from rubber.

Rubber plants cannot grow in extremely windy and freezing temperature. It needs 5-7 hrs of sunlight per day and adequate rainfall. Porous farming soil which is somewhat acidic having well-drainage is best suited for rubber plantation.

Rubber trees when taken proper care can survive for generations. So, this is a good agriculture business investment indeed.

Cattle Ranch

A very common and popular livestock raising business that includes animals such as cows, calves, ox, donkeys, bulls, etc., are known as a cattle ranch. You can choose to breed a single type of animal or several ones depending on the capital and land you have. It is best to start off with a single type of animal and slowly progress to rearing more types in your farming area. Actually, each type of animal needs to be well taken care of, with the proper food and hygiene maintained in your farming space.

Cattles are reared for multiple purposes, milk, manure, skin, as well as meat. Having a cattle ranch can instantly place you in the international business market if the quality of milk, meat and manure supplied by you if of good quality. With high sales and recognition in the global market you can easily gain huge profits and grow your agriculture business.

Shrimp Business

If you plan to own a land near the coastal region, or rent a riverside area, you can earn cash through shrimp farming. Earlier shrimp was farmed in a smaller quantity, but the rapid growth of consumption worldwide has turned it into a large scale global industry.

Shrimp is high in protein and contains anti-oxidants. A favorite among a large group of people, this is marketed in bulk in several countries. Japan, US, Thailand and China are some countries where shrimp farming is done is large quantity. You can definitely give shrimp farming a shot as success is guaranteed.

Saffron Cultivation

This costly spice is actually very easy to grow in any type of farming area. The reason for saffron being so pricey is the extensive toil that goes into harvesting the crop. Only a few strands of saffron are acquired from a flower.

Saffron is mostly used in cooking, creating beautiful fragrances and in cosmetic products. If you have a fertile agriculture soil suitable for saffron cultivation and reside in a sub-tropical warm region then saffron is the spice you must opt to cultivate in your farming area.

You can market it across the whole world. This expensive spice can churn huge money.

Rosemary Cultivation

Rosemary shrub can be cultivated across the world. It is best suited for region with cool temperatures. It can also handle frost. You can harvest rosemary 2 times per year. It depends on whether you want to harvest it for the leaves or the oil.

Rosemary is most famous for its oils. It has high commercial value for its medicinal and herbal properties.  This is a lucrative business idea and if you reside in a cold region then get a soil test done and you can start off your rosemary cultivation.

Marketing Analysis of agriculture

Business plan for investors.

To make your agriculture business  successful, you need to keep an eye on the market trends as well. If you run a complete analysis of the market, you will get an idea about many things. Understanding the trends and variables will help you in making decisions for your business. The goal of this market research is to understand and get a general idea of the overall market around your farm and how you can adjust to that ecosystem. The marketing plan for agriculture business includes market trends and market segmentation.

5.1 Market Trends

The agriculture industry is a kind of industry that never goes into loss. It continues to evolve with time. Over the past five years, the agricultural industry has grown at an incredible rate. People are now more attracted to buy organic products that are chemical-free and hygienic.

5.2 Marketing Segmentation

In agricultural business ideas and agricultural business proposal, the market segmentation is clearly defined. Besides knowing how to start an agricultural business, you need to make a complete analysis of market segmentation for it.

The most important part of a farm business plan is to have an idea of the expected marketing segmentation. In agriculture start up, you should know about the market segmentation. Here is the market segmentation that will be facing our farm:

5.2.1 Foreign Markets

The products that we manufacture will be exported. It will generate the largest part of our revenue.

5.2.2 Domestic Hotels and Restaurants

We will offer our products to restaurants and hotels. Along with fruits and vegetables, we will provide dairy products such as milk and butter to the restaurants in town.

5.2.3 Domestic Food Companies

We will also sell our products to food companies in the domestic markets.

5.3 Business Target

In a community sustained agriculture business plan, the following are our business target

  • Building a trustworthy relationship among customers
  • Providing high-quality products to customers
  • Making an excellent customer care service for our loyal customers
  • Recovering the initial investment within two years of launch
  • Increase the revenue every year by at least 20%.

5.4 Product Pricing

The prices of the products that Old Maple Way provide are comparable to other farms. We will try to provide better products and customer care to our clients. We will satisfy our customers by providing exceptional services to make as much profit as possible.

Marketing Strategy

When you are starting an agricultural business, you should also know the marketing strategy. No business can grow and become successful without a marketing strategy. No matter how many excellent services you offer, if you do not have customers, it is all in vain. The more people know about your farm and its products, the more they reach out to you.

Nowadays, the best way of marketing is social media marketing. Social platforms are strong, and they are accessible to everyone. A good thing about social media marketing is its low cost. You can reach out to millions of people with online marketing. All the business ideas in agriculture explain the importance of social media marketing and how you can use them to reach out to people.

Along with that, you need a competitive analysis to make a strategy that will make your agriculture business plan successful. You also need some agro processing business ideas as well as a perfect understanding of what is an agricultural business.

6.1 Competitive Analysis

  • People are not satisfied with the products manufactured by other farms because of the chemicals they use to increase their quantity.
  • The products that other farms sell are expensive and everyone cannot afford them.

6.2 Our Strategy

  • We will use social media platforms to advertise our products.
  • We will make our online presence so that we can reach out to more and more people.
  • We will use the advertisements channels in the area to reach out to the people.

6.3 Sales Monthly

6.4 sales yearly, 6.5 sales forecast, personnel plan.

To make your business best agricultural business, you need to make sure that the staff should work as a team. In the agriculture business model, you will find out that the environment of the farm depends on the number and type of staff which should be determined in the initial stages.

7.1 Company Staff

James Celery will be the owner and CEO of the Old Maple Way farm business. The following people will be hired to run the farm:

  • 1 Operations Manager
  • 2 Deputy Managers
  • 8 Farm Workers
  • 2 Packaging Helpers
  • 1 Accountant

7.2 Average Salary of Employees

Financial plan.

Proper planning and execution of the finance help you to maintain a stable budget for the upcoming entire year. To execute farming ideas for profit, you need to manage the finances wisely. In agricultural business plans, all the finances are mentioned.

  • Money to buy a land or take it on lease
  • The cost of buying and maintaining animals
  • The salary of employees
  • The cost of buying fruits and vegetables seeds

8.1 Important Assumptions

8.2 break-even analysis, 8.3 projected profit and loss, 8.3.1 profit monthly, 8.3.2 profit yearly, 8.3.3 gross margin monthly, 8.3.4 gross margin yearly, 8.4 projected cash flow, 8.5  projected balance sheet, 8.6 business ratios.

  • How do I make an agricultural business plan? When you look out to sample business plan agriculture farm, you will see the steps to write a business plan. Business plan for agriculture company may not necessarily be long but it should be written in an easily understandable way.
  • What is an agriculture farm business plan? It is the farming production, creating a plan for marketing and management of crops and livestock in a profitable way is an agriculture farm business plan. It includes everything such as a detailed business plan for agriculture and an agriculture equipment business plan.
  • Which agriculture is most profitable? One of the most profitable agriculture is an agricultural farm. You can start this business by investing a small amount of money. According to the demand of the local public, you can produce the items and sell them.
  • Is agriculture farming profitable? Agriculture farming is profitable as it offers a stable revenue. It is one of the fastest-growing agricultural businesses all over the world.

Download example agriculture farming business plan pdf

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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AgriBusiness planning

In order to develop a complete agribusiness plan, it is necessary to recognize all the potential risks. The uncertainties are not limited to production, but to all facets of a business. A comprehensive manual on how to write an agriBusiness Plan was developed by  Extension Agricultural Economist of Texas A&M University System . The manual gives a complete overview of the importance of agribusiness planning and how each issue should be addressed. Each topic includes a publication for reference, necessary worksheets for completing that lesson and a case study application. A farmer interested in doing an AgriBusiness Plan is advised to read and understand the manual, and then follow each step in the manual to write down his own business plan.  Having a written AgriBusiness Plan has many potential uses, but overall it would help you to understand better your risks, have a plan for each one of them, and react accordingly.

The following components of an AgriBusiness Plan include:

1. Executive Summary

The purpose of the executive summary is to combine all the components of the business plan into its principal points in one summary document. It must cover the information in the report in enough detail such that the reader can quickly formulate a picture of the operation. The executive summary is written after all the parts of the business plan have been completed. Follow this link to know more about the steps to consider when writing the business plan.

2. Business Organization

The business plan begins with a summary of the pertinent information regarding the operation. This includes names and contact information of all involved in making decisions, managing risk for the operation, and/or providing counsel. It provides a combined list of all the necessary information to contact the owners, managers, and others that have an impact on the operation in one central location.

3. Business History

If you are new to farming, you might not have a Business History, which can be omitted. However, if you have farmed, as it is the case for most Small Acreage Farmers in South Texas, then you will benefit from writing it. In this component, you should briefly describe how the operation came to be and how you came to be its owner and/or manager. This would include when and how was the operation started, the location of the operation, the source of the land, equipment and other resources, and was it inherited or purchased or is it rented. How was and is the operation financed? What management changes have occurred over its history? What were the defining moments or events that caused you to control the operation?

4. Mission Statement

Every operation has a reason for taking on the risks associated with agricultural production. The purpose of the mission statement is to precisely and emphatically state why your operation exists. It should focus each person involved in the operation each day. Anyone working within the operation should, upon reading the mission statement, know how his or her daily tasks, once completed, have helped to fulfill the operations mission. The mission statement should answer three key questions:

  • What are the opportunities or needs that we exist to address? (The purpose of the organization)
  • What are we doing to address these needs? (The business of the organization)
  • What principles or beliefs guide our work? (The values of the organization).

5. Resource Inventory

Agricultural producers use resources such as land, labor, machinery, breeding stock, management and financial capital to produce commodities for sale. An accurate inventory of these resources is important for the evaluation of the current health of the operation and planning as well as a preliminary method for evaluating new enterprises. The use of an up-to-date resource inventory can help to:

  • Provide a current overview of the operation
  • Complete a balance sheet
  • Provide a summary of collateral that can be used for a loan
  • Identify the status and condition of your assets and liabilities
  • Evaluate options for growth and diversification

6. SWOT Analysis

A SWOT analysis is a term used to describe a tool that is effective in identifying your Strengths and Weaknesses, and for examining the Opportunities and Threats you face. While it is a basic, straightforward model, it has been a popular business practice for many years because it helps provide direction and serves as a basis for the development of business plans. It accomplishes this by examining the strengths (what an operation does well) and weaknesses (what an operation does not do well) in addition to opportunities (potentially favorable conditions for an operation) and threats (potentially unfavorable conditions for an operation). Once completed, the SWOT analysis can help determine if the information indicates something that will assist the operation in achieving its objectives (a strength or opportunity), or if it indicates an obstacle that must be overcome or minimized to achieve desired results (weakness or threat).

7. Legal and Liability Issues

Contemplating the prospects of legal action against your farming or ranching operation can be unnerving. The assorted unknown variables can make the planning process frustrating, while the threat of enormous adverse judgments generates an emotional response. Planning for the loss or withdrawal of a key member of your management team can also be unpleasant. The business planning process will help identify risks and assign resources to manage these risks. A large number of potential legal and liability issues will be identified with a thorough SWOT analysis. Similarly, a resource inventory will help identify the individuals and tools necessary to manage these risks. It will be impossible to list all potential liability risks as well as to completely eliminate all of the legal and liability risk from an activity as inherently risky and uncertain as agriculture. The completed business plan will address specific action plans for dealing with identified risks, as well as outline contingencies for the unforeseen risks.

8. Setting Goals

One of the most important aspects of business planning is the setting of goals. Properly defined goals can assist the operation’s management team in determining whether the operation is moving forward. Goals can be either short term or long term, however, each short term goal should correspond to a long term goal, and each of these should move the operation towards fulfilling its mission statement. Goals should be incorporated into each of the financial, production and marketing components. One common theme found in most business planning publications regarding goals is the concept of SMART goals. This concept suggests that goals must be Specific ,  Measurable , Attainable , Rewarding and there should be a Time-frame specified for reaching each goal.

9. Production Plan

The production plan conveys the type and quantity of commodities to be produced. The production plan pairs information from the resource inventory and financial records to serve as a realistic estimate of current activities and their anticipated financial results. A thorough production plan should detail all enterprises on an operation (crop, livestock, and other) so that scheduling of labor and financial resources can be easily examined. The production plan should provide a basis for projecting future operational activities and alternative enterprises. While changes will occur, the production plan serves to document historical performance and project the future direction of the business. Crop production plans should include the estimated acreage and yield for each crop. Estimated production levels can then be combined with anticipated prices to generate some of the figures needed for the financial component. The livestock production plan must clearly identify all related production information, including the size of the herd, cull rates, weaning rates, weaning weights, rates of gain, purchase price, sales prices, etc. In addition, details regarding the replacement herd and breeding herd should be described.

10. Financial Plan

The financial plan component of the business plan serves as the heart of the overall plan and has three main objectives. The first is to identify where the operation is financially (Financial Position). The second objective is to determine how the operation performed during the previous year (Financial Performance). Finally, the third objective is to provide an analysis of where the operation will be in the future (Financial Projections). These three objectives are discussed further in this link .

11. Marketing Plan

It is essential for an agricultural producer to have a written marketing plan. Developing a good marketing plan will help you identify and quantify costs, set price goals, determine potential price outlook, examine production and price risk, and develop a strategy for marketing your crop. While producers have traditionally done a good job of producing, they have often neglected marketing. In the past, farm loan programs and deficiency payments allowed producers to neglect or ignore the marketing side of their businesses. Now, with the possible elimination of farm programs and increased volatility in the markets, producers will have the right and the obligation to determine their own financial security. In this more uncertain and risky future, failing to plan may be the same as planning to fail.

12. Example AgriBusiness Plan

When you start writing you Agribusiness Plan, follow the example provided in the manual to guide your work.

[Pdf Sample] Crop Farming Business Plan Docx

In today’s agricultural landscape, having a well-structured business plan is essential for the success of any crop farming venture. A business plan serves as a roadmap, guiding farmers through various stages of planning, implementation, and growth.

In this article, we will provide you with a comprehensive guide to creating a crop farming business plan in PDF format. From outlining the key sections of the plan to discussing important considerations, we’ll equip you with the knowledge needed to kickstart your agricultural endeavor.

[Pdf Sample] Crop Farming Business Plan Proposal Docx

To write a business plan , here is a breakdown of how it should be structured and what should be in each category. After this instruction, I will provide you with a sample of one I wrote for my farm , let us go:

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Executive Summary

Business description.

In this section, you’ll delve deeper into the details of your crop farming business . Discuss the type of crops you plan to cultivate, the size of your farm, and any unique selling propositions that differentiate your farm from others. It is crucial to outline your vision, mission, and core values, showcasing your commitment to sustainable and ethical farming practices .

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Market Analysis

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Products and Services

Marketing strategy.

A well-defined marketing strategy is crucial for reaching your target audience and generating sales. Outline your promotional activities, including online and offline marketing channels. Consider utilizing social media platforms, participating in farmers’ markets, or establishing partnerships with local restaurants or grocery stores. Develop a brand identity that resonates with your customers and showcases the values of your farm.

Read Also:  [Pdf Sample] Farm Business Plan Example Docx

Operational Plan

Management and organization.

Read Also:  [Pdf Sample] Business Plan For Farming In South Africa Docx

Financial Plan

The financial plan provides a comprehensive overview of your farm’s financial projections , including revenue, expenses, and profitability. Include details about startup costs, expected sales, pricing strategies, and operational expenses. Incorporate financial ratios and key performance indicators (KPIs) to assess the financial health and viability of your crop farming business .

Risk Assessment and Mitigation

Here Is a Download Link to the Crop Farming Business Plan Proposal Prepared By Agrolearner.com

Business Model for Agrolearners.com’s Crop Farming Business:

Key partnerships:.

Technology Providers: Partner with online learning platforms, video production companies, and website developers to ensure seamless delivery of educational resources.

Read Also:  [Pdf Sample] Business Plan For Cattle Farming In South Africa Docx

Key Activities:

Platform Management: Maintain and update the Agrolearners.com website, ensuring a user-friendly experience and smooth access to educational resources.

Value Proposition:

Comprehensive Agricultural Education: Agrolearners.com offers a wide range of resources, including structured courses, webinars, videos, and articles, covering all aspects of crop farming, from beginner to advanced levels.

Practical Knowledge and Application: Our focus is on bridging the gap between theory and practice, providing learners with actionable insights, techniques, and best practices that they can apply directly in their farming operations.

Community and Networking: Agrolearners.com creates a community of like-minded individuals, allowing learners to connect, share experiences, and collaborate with other aspiring farmers and industry experts.

Customer Segments:

Agricultural Students: Students pursuing agricultural studies who wish to supplement their formal education with practical insights and hands-on experience in crop farming.

Customer Relationships:

Community Engagement: Foster an online community where learners can connect, share experiences, and learn from each other, fostering a sense of belonging and support.

Revenue Streams:

Webinar Registrations: Offer specialized webinars and charge participants a registration fee to attend live sessions with agricultural experts.

Advertising and Partnerships: Collaborate with agricultural suppliers and other relevant businesses to offer targeted advertising opportunities on the Agrolearners.com platform.

Cost Structure:

Technological Infrastructure: Invest in website development, hosting, and maintenance, ensuring a seamless user experience.

Marketing and Advertising: Allocate a budget for digital marketing campaigns, including social media advertising, search engine optimization, and content creation.

Key Resources:

Expertise and Knowledge: Engage agricultural experts and educators to develop content and provide guidance.

Marketing and Analytics Tools: Utilize digital marketing tools, analytics platforms, and customer relationship management (CRM) systems to track performance and optimize marketing efforts.

Is it necessary to create a business plan for a crop farming venture?

How can i assess market demand for specific crops.

Conduct market research, analyze consumer trends, and engage with potential buyers or distributors to understand the demand for your chosen crops.

What financial aspects should I consider in my business plan?

How can i mitigate risks in crop farming.

Identify potential risks such as weather fluctuations, pests, or market volatility, and develop strategies to mitigate them. This may include insurance coverage, diversification, or implementing sustainable farming practices .

Can I modify my business plan as my farm grows?

Yes, your business plan should be a dynamic document that evolves with your farm . Regularly review and update it to reflect changes in the market, technology, or your business goals.

Conclusion:

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Agribusiness Planning: Providing Direction for Agricultural Firms

Agribusiness Planning: Providing Direction for Agricultural Firms

Introduction

Future outcomes are a function of today's decisions. Although there is a high degree of randomness and uncertainty associated with the future, you can increase the probability of a successful outcome by planning ahead. This is true in nearly every aspect of our lives, both personal and professional. For those who operate their own businesses, planning becomes increasingly important because the personal and professional aspects become more difficult to untangle. In agricultural businesses, planning may be even more vital because of the inherent uncertainty associated with agricultural production. Some important sources of uncertainty include production risk, price risk, financial (or interest rate) risk, and changes in government programs.

This publication discusses the importance of business planning for agricultural firms—from input suppliers to producers to processors—and describes the steps required to prepare a thorough business plan. The general process of business planning is the same for each type of firm. However, each may have differing individual aspects that affect its plan's contents. Regardless, we present a recommended format that should be useful for all types of agricultural firms as they develop written business plans. We use examples from the wide variety of agribusinesses to provide a broad context to the general theme of business planning.

About the Business Plan

One of the most important documents for any business is their business plan. It is common practice for consultants, lenders, potential business partners, and other business-associated individuals to request a business plan to make a more informed decision concerning their relationship with a business. However, business plans have many more direct benefits for the business owner. The planning process forces owners to systematically consider all facets of the business. In so doing, they become more knowledgeable of the business, the industry, and the market environment in which their business operates. The process also helps to define business goals and to assess the impact that uncertainty may have on future business outcomes. Perhaps most importantly, the written plan provides a well-defined direction for the business. Therefore, it can be used to keep all employees moving toward the common goals established within it.

Completing a business plan can be a time-consuming activity, but well worth the effort. Because businesses operate in an ever-changing environment, the plan should be revisited periodically to be sure that the business is headed in the proper direction or to formally alter the firm's course if circumstances dictate that this is necessary. Again, the systematic review of the business plan forces the owner, and potentially others, to look at the business as a whole and make better-informed decisions.

We provide an example format for you to use as a guide in developing your plan. Notice that there are several topics that should be addressed, corresponding to the four functional areas of management: marketing, production, finance, and human resources. By developing a section for each of these topics, the plan will be easy to follow as you revisit it or as others review it. You should take some liberty as you develop your plan; feel free to customize it in a way that will fit your specific circumstances.

SWOT Analysis

Performing a SWOT analysis , which stands for strengths, weaknesses, opportunities, and threats, lays the foundation for the business plan. Four separate SWOT analyses should be performed, each related to one of the four functional areas of management: marketing, production/operations, finances, and human resources.

When assessing strengths and weaknesses, the focus should be internal. Opportunities and threats, on the other hand, should reflect external factors. For example, proximity to a major market, such as a large city, may provide an opportunity to market processed dairy products directly to a restaurant. Threats may take the form of new competitors or changes in agricultural production or environmental policy.

 Performing SWOT analyses is relatively easy. Simply divide a piece of paper into four quarters, label the quarters appropriately, and begin to write your thoughts down.

Example Marketing SWOT Analysis for Carl's Custom Crop Scouting

  • Only specialized scouting operation in the county
  • 3,700 acres under contract
  • No full-time sales person

Opportunities

  • Expand operations to include planting and harvesting
  • Partner with firm that only plants and harvests crops.
  • Genetically modified corn kills insects. Scouting for those pests no longer important.

Because this is the foundation on which the planning process is based, be sure to take a broad perspective. In addition to incorporating the views of at least the owners and managers of the operation, it also might be a good idea to allow all employees, or at least a subset, to provide their perspectives. Some firms may also benefit from allowing professional advisors (such as veterinarians, bankers, nutritionists, etc.) to provide input. Although the top management should develop the plan, you should tap many sources of information. Finally, the raw results of the SWOT analyses might best be presented in an appendix, rather than in each of the four sections related to the functional areas. In the individual sections, a summarized version will suffice.

Example Business Plan Format

The format presented here represents one way to structure the business plan.

Sections of Business Plan

Marketing management, production/operations management, human resources management, financial management.

As noted, it covers the four managerial functional areas. We present the example structure and provide some ideas for what you will want to include in each section. Creating a thorough document the first time through is important. This will make follow-up revisions easier to implement.

The introductory section gives a broad overview and background of the business. Several subsections (outlined below) should be included to provide a thorough overview. However, if there's something that you feel isn't applicable to your business, feel free to omit it from your plan.

The first page should give the name of the document, the firm's name, and the names of all those involved in developing the plan. Dating the plan so that you can remember when it was developed or updated is also wise.

Executive Summary

This section, while appearing at the front of the business plan, is actually the last piece developed. Here you should present the most important information, which may include the firm's goals and objectives and associated target dates. Basically, the executive summary provides a concise overview of the business plan.

Table of Contents

The table of contents should provide the titles of all section headings in the plan and the page numbers on which the sections begin.

Vision and Mission Statements

These relatively brief statements tell the reader why the business is in operation and where the management team, or owner(s), plans to be in the future. The vision statement should tell the reader what business the firm is in, or plans to enter, and what the most important business goals are. That is, it should tell where the firm is going.

We have provided a few example vision statements for you to use as a guide when developing yours:

Example Vision Statements

Agchoice farm credit.

AgChoice Farm Credit will be the first choice for financial services that help customers succeed.

To build the world's first truly global securities market. ... A worldwide market of markets built on a worldwide network of networks ... linking pools of liquidity and connecting investors from all over the world ... assuring the best possible price for securities at the lowest possible cost.

Northwest Airlines

To build together the first choice airline and global alliance network with the best people each committed to exceeding our customers' expectations every day

Whenever dairy farmers have a need they should think first of DeLaval. We aim to always be there, always be available, always work on their behalf.

Note that some are from very different industries. Regardless, they present a common theme of what their respective companies want their firms to be.

The mission statement provides a succinct overview of the firm's operation, including its collective values, its unique circumstances or industry position, what product(s) it sells, and why it is in business. As the business evolves, the mission statement can be adapted to reflect the changing face of the firm.

The mission statement can provide more detailed information than the vision statement. We have provided some example mission statements that allow you to see how other firms— although maybe very different in nature—have defined their missions.

Example Mission Statements

Agway cooperative.

AGWAY is a farmer-owned business dedicated to improving the profitability of its members. We achieve profitability for our members by being the most effective partner on every farm we serve, by adding value to what farmers produce, and by using our capabilities to win non-farm customers.

Land O' Lakes

We are a market- and customer-driven cooperative committed to optimizing the value of our members' dairy, crop, and livestock production.

To enable people and businesses throughout the world to realize their full potential.

To help practically anyone trade practically anything on earth.

Some are more specific than others. At a minimum, the mission statement should tell the reader why you are in business.

Business Organization

Briefly describe how the business is legally organized (for example, proprietorship, partnership, or corporation). Include the names and titles of the firm's managers (or board of directors). This section should be quite short.

Overview of Current Business

In general, the business plan is concerned with the firm's future. Here, however, you should review the firm's past and fully describe its present position. Although a business start-up may not have much to reveal, documenting the present situation is important. In doing so, it will be easier to document the firm's history as you revise the plan.

An overview of the firm's past helps to set the context of how the firm has evolved into its current form. This may be particularly useful if the plan is to be used to secure financing because the past reveals something about how the firm has been managed over time. A structured chronology can serve as an outline for this subsection.

Example Firm Chronology

“Hanks' Harvesting" formed as partnership between Jerry and Ed Hanks.

Harvested 4,300 acres of corn for grain and chopped 2,200 acres of corn silage.

Purchased a new combine and a used chopper.

Harvested 8,700 acres of corn for grain and 5,300 acres of corn silage.

January 2002

Contracted for 10,500 corn grain acres and 7,800 corn silage acres for fall 2002.

Began to investigate custom planting services as a possible expansion of current operations.

The narrative in this section should also provide an overview of how the business has been financed. Furthermore, discuss how profits, equity, and other important financial measures have changed over time.

Next, describe the present situation of the firm. You should provide information related to business location (include pictures if you like), current sales, assets, inventories, geographic market area, number of employees, and any other information you feel is appropriate in describing your current business. Upon reading this section, one should have a snapshot picture of your firm's current status.

This and the three sections to follow provide the meat of the plan. These give the reader a thorough understanding of the firm's present and future. In the marketing management section, you should address several key factors, each in its own subsection.

Marketing SWOT Analysis

Provide a brief overview of the main results of the Marketing Management SWOT analysis. Let the reader know what the most important results were.

Products and/or Services Produced

Here, describe your product(s) or service(s) specifically. If you are in the custom heifer raising business, for example, your statement may be something similar to “We raise heifers for dairy producers." If you are operating a dairy farm, your statement may be much more detailed because it is recommended that you include both the products you produce and the products you sell, listed separately. For example, you may produce corn silage, but may not sell it. Remember also that you sell bull calves and cull cows. These may not be your major enterprise, but should be listed as products sold.

Remember that differentiating your product may be an important aspect of your marketing strategy. While this is difficult to do with a commodity, it's not impossible. For example, maybe you feed for high-butterfat percentage to increase the price received for your milk. It's also possible that you operate an organic turkey farm in an attempt to extract higher market prices. There are also those who market kosher meats and dairy products. These types of efforts should be included here as part of your marketing efforts.

Industry Overview and Position of Firm

Describe your industry and how you fit into it. This may not be too difficult to write if you operate under contract production because this is specified in the contract. It may also be relatively simple for anyone producing a commodity and selling it by the typical means (such as selling corn to a grain elevator or hogs to a pork processor). A custom business operator may have a more difficult time defining the industry and describing how the firm fits. However, this section is important for at least two reasons. First, it forces the planner to analyze the industry and determine the firm's relative position in terms of competitive advantages. Second, it provides important evaluative information for “outsiders" to better understand the business and its relationship with the industry.

In describing the industry, include as much information as you feel is necessary to define the firm and the market. Consider including the following: volume sold (in production units -- this may be, for example, hundredweights if describing the dairy industry, head if describing beef, or acres scouted if describing a custom crop scouting operation), total annual sales in dollars, trends in industry sales, competitors, new marketing opportunities, prevailing prices, and how prices are determined (for example, cash market, contract price, cost-plus). Also, describe the customer. Who is purchasing your product? What type of person is likely to buy your product? Again, those selling an undifferentiated commodity may have little to write. Those selling custom services or, even more importantly, those engaged in marketing agricultural products directly to the consumer may need to more thoroughly describe the customer base. This will help you better define your target market.

Managerial Expertise

Here, take stock of the total managerial expertise used by the firm. What marketing-related special knowledge do the managers possess? Is there one manager who has particular expertise in marketing? Thinking beyond the organization is wise; those in production agriculture have other sources of knowledge that may exist outside of the firm. For example, consultants may be available to provide information related to the current economic situation and outlook. Also, the Extension system and the USDA provide a great deal of information and data on agricultural prices and marketing.

Marketing Strategy

This is where you lay out your plan and future expectations, which are founded on all of the preceding information in this section. Here, you should describe any marketing opportunities you face and how you plan to take advantage of those. What advertising or promotional programs will you undertake? How will you distribute your product? How will you determine if your marketing plan is successful? For this, you should have clearly defined targets. For example, “We will market at least 2.5 million pounds of milk each year." You may also want to set targets for number of customers, market share, or any other measure(s) that you might use to determine whether your firm has been successful in marketing.

Finally, be sure to employ any appropriate risk-management tactics. In marketing, you will want to manage risks associated with input and output prices. Can you contract for some inputs to lock-in a particular price? If processing on the farm, have you contracted with a retailer or wholesaler to be sure that someone will take your product? In production agriculture, the farm owner or manager should understand and analyze futures and options markets as tools to manage price volatility. You should also understand any relevant government programs such as Loan Deficiency Payments (LDPs) that affect your price.

(We differentiate “production" and “operations" based on whether the firm's product is a good or a service. However, in many cases, we use “production" to denote either case.)

Through the production of goods and services the firm generates profits. Therefore, assessing the production/ operations process and making plans for the future is vitally important. This may be particularly important in cases where a farm is planning to expand or where a change in business enterprises is to occur.

Production SWOT Analysis

Provide a summary of the SWOT analysis for production/operations. This may be the most important area to gather input from employees, who are likely the ones most closely associated with daily production. Therefore, their insights could provide a valuable additional perspective.

Overview of Productive Assets

Outline what productive assets are necessary to make your product or provide your service. The following deserve particular attention:

  • Other Facilities (particularly if on-farm processing is involved)
  • Equipment and Machinery
  • Materials and Supplies

Focus on what the firm currently owns, the quality of those assets, and how others will be obtained, if needed. Only discuss the resources needed. Save any discussion of financing these assets for the Financial Management section.

Here again, note the special expertise held by management in the area of production/operations. For example, is the herdsman on a dairy farm trained in dairy science? Does the crops manager have a background in agronomy, soil science, or other related field? How many years of experience in this type of position does this person have?

Production/Operations Performance

Describe your current production practices. How much do you produce? When do you produce it? You may want to develop a visual approach to help tell this story. A time line could help to describe when products are made or services are sold. The more complex the business is, the more useful a visual might be.

Regulatory Considerations

Government regulations affect production in many industries. This is particularly the case in production agriculture. If producing agricultural products, be sure that you are complying with all relevant regulations. These include, but may not be limited to:

  • Manure management
  • Soil conservation
  • Worker Safety
  • Inspections of the product and of the production facilities

You can gain information on relevant policies and regulations from business consultants, Penn State Extension, agricultural cooperatives, and government agency Web sites.

Production/Operations Strategy

Now that you have laid out your current production practices and defined some firm and industry trends as they relate to some important benchmark measures, it is time to describe your production- or operations-related plans. As you do this, be sure to set specific production goals, outline potential changes in enterprises or production practices, and describe how you plan to locate and purchase inputs. The following list of questions may be useful to you as you develop this section. Again, not all are relevant for all types of operations. Also, you may think of others that should be addressed.

  • How long will your current productive assets be of use? When do leases on land and equipment expire? How soon can you expect to replace important machinery and equipment?
  • Where can you find other inputs, such as feed, in the future—particularly if you are expanding your operation?
  • Should you consider hiring a custom operator to perform a portion of the production tasks?
  • Are there new production practices or machinery you should consider adopting?
  • How many units of product do you want to sell over your planning period? Provide specific targets and a time line, if appropriate.
  • Do you need to develop a nutrient management plan or update an existing one? Are there other environmental plans that should be developed?
  • If expanding, how will new construction or other changes affect output? How will these changes affect your resources? Will you be able to operate in a timely manner without affecting the quality of your product(s)?
  • Are there new enterprises that should be explored?

One of the most important—yet most often overlooked—inputs is labor. The competency of your human resources may dictate how successfully your business will perform. Use this section to outline your current human resource (HR) policies, how these may change over the planning period, and what you or other managers may need to do to improve HR management.

Human Resources SWOT Analysis

Provide the reader with the summarized results of the human resource management SWOT analysis. This is another point at which the insights of the employees may be particularly useful. Their perception of your HR policies could be substantially different from yours.

Organizational Chart and Related Information

Begin by providing a current organizational chart. When doing so, you should follow very distinct guidelines. However, our example chart (Figure 1) should provide enough guidance to help you if you've not yet developed one. If your organization is particularly large, you may lump several individual positions into one box, as long as the box describes those positions. In Figure 1, for example, the three parlor operators might be represented by only one box if their job descriptions are the same.

UA371_chart.jpg

The organizational chart allows the employees to see their position in the firm. Also, the chart should show that each person has only one immediate supervisor. We cannot stress this point enough. Defining the managerial structure so that employees directly answer to only one person is very important. Often the partners who own the farm tend to supervise employees together. This results in a situation in which the employee may get conflicting directions. If the employee has only one direct supervisor, this situation can be avoided.

Overview of Current Policies

Whether formalized or not, your firm has HR policies. While we encourage you to formalize those if they are not already, you should complete this section with the most accurate information you have at your disposal. Think about the following individual points as you consider what you would like to include in this section. Also, remember to include information regarding all employees of the business, including the management team.

  • Compensation and Benefits (Incorporation of this information may dictate that a portion of the plan be labeled as confidential. Thus, only certain members of the ownership or management team would have rights to view this type of information. you are trying to hide information.)—How much do you pay your employees? At what intervals are they paid (for example, weekly or monthly)? What sort of benefits package is offered? Does the package differ by type of employee? Do you have an incentive plan for employees? Are owner/ operators paid a salary or do they capture retained earnings?
  • Job Descriptions and Recruiting — Does each position have a written job description? Are these used to assess the suitability of potential employees? How do you recruit new workers/managers? Provide written copies of job announcements and descriptions in an appendix.
  • Training and Standard Operating Procedures —What training is provided for new employees? What training is provided when employees assume new responsibilities? Are common task sequences documented with written standard operating procedures (SOPs)?
  • Performance Evaluation and Performance Feedback —Is there a formal mechanism for evaluating workers' performances? If so, how frequently is performance assessed? How does the employee receive the manager's assessment? Are salaries or wages based at least partially on these evaluations?

Penn State Extension provides materials to help develop job descriptions, SOPs, and other important HR documents. Business consultants with expertise in HR management should also be used in many instances to help the business owner develop the best HR policies possible for that particular business.

Human Resource Strategy

Once you have outlined your production and marketing plans, you must evaluate the ramifications of those plans for the firm's human resources. Will the plan require any shift in HR policy? If so, how? For example, an expanding custom heifer grower may need to hire a full-time nutritionist to be sure that the heifers are receiving a properly balanced ration as they develop. The best way to reflect these changes may be to provide one or more additional organizational charts showing how the organization is expected to change over time. In the text, be specific as to what changes are to be made and when.

Also, be sure to describe any changes you plan to make in your HR management. If you don't have formal job descriptions, standard operating procedures, or evaluations, for example, you should consider putting those in writing. Also indicate if the plan will require additional training of existing and new employees. Finally, if expanding, describe where you might find potential employees.

This section is the most crucial from a potential lender's perspective. Here, you should tie together the details in the rest of the plan in terms of how they affect the firm's financial performance. Ultimately, operating a business is about making money. Therefore, this section needs to allow the reader to assess where the firm is and where it intends to go over the planning horizon. Although you should provide current and projected future (“pro forma") financial statements with the plan, they might be best presented in an appendix. This section should be mostly a verbal explanation of the business's finances, with perhaps a few tables to highlight important information.

Because this section is so important, especially if financing is being pursued, we highly recommend that you work with a business consultant, accountant, or other financial advisor to develop it.

Financial SWOT Analysis

Perform a SWOT analysis of the firm's financial position. Unlike some other areas, your frontline workers may not have as much to provide in this analysis. However, depending on the firm's “culture," (the accepted values and norms under which it operates. Some firms may be quite “laid back," allowing employees a good bit of decision-making authority. Others might be more “straightlaced" following a well-established set of rules, whether written or unwritten) you may still want to invite their input.

Review of Current Financial Situation

Here you should highlight the important points of your financial statements (income statement, balance sheet, and statement of cash flows). Focus on the positive aspects, while not ignoring the negative. You do not want to provide a potential lender with an impression that you are trying to hide information. It might help if you work with a financial advisor to develop this narrative.

Provide a table of current outstanding debt. Include the terms of the debt, the lender(s), the principle amount(s), your payment amount(s), how frequently you make payments, and how many payments remain. Furthermore, a table of financial ratios would be useful in providing a snapshot view of the firm. You will want to provide measures of profitability, financial efficiency, liquidity, and solvency. Although your financial advisor may have some specific advice, we provide a few commonly used measures, which are defined in the glossary:

Commonly Used Financial Measures

Profitability.

  • Rate of return on assets
  • Rate of return on equity
  • Profit margin

Financial Efficiency

  • Asset turnover ratio
  • Operating expense ratio
  • Current ratio
  • Working capital to value of production ratio
  • Leverage ratio
  • Debt to asset ratio

Provide other sources of managerial decision-making input. For many farm owners, this is the most difficult facet to monitor. Using a business consultant, a CPA, or some other financial advisor may increase farm profits as you allow some of these individuals to help analyze financial data and make recommendations for you to review.

Financial Strategy

At this point, you need to set forth your plan for financing the firm's operations over the planning period. Where will you get money when you need to purchase a new truck or replace your barn, for example? Present the highlights of the pro forma financial statements as discussed earlier. Also, you should relate your financial plan to your production, marketing, and human resources plans. A time line relating events planned in the other sections to financing may help to clarify this section's message for the reader.

In your discussion, be sure to let the reader know how you will assess financial performance. As in other sections, be specific. Will you require that net income grow at 8 percent per year, for example? Set goals for the measures you have used previously to describe the health of the business. Therefore, you should aim for specific values for your selected measures of profitability, financial efficiency, solvency, and liquidity. Also, do not forget that an information management system should be in place so that the financial data you gather is accurate. (An information management system (IMS) is any system that you can use to track important information regarding financial performance, in this case. Actually, you should have a system of information management that provides high-quality information for each of the four facets of management. This might include a production record-keeping system (DHIA for dairy farms), an accounting system, an inventory list, employee time sheets, and so forth.)

You should be realistic with your plans, yet push yourself. Stated differently, you should plan to succeed, not just survive. If your business is to be viable over the long term, then you should generate returns to grow the business, grow equity, improve your credit-worthiness, and otherwise improve the odds of operating this business well into the future. If the plan covers a major shift in the business's operations, such as a large expansion, then special care is needed to discuss how cost overruns might be handled, when production will begin in a new facility, when debt repayment will commence, and so forth. Although the planning process should reduce the amount of uncertainty associated with such a change, it can never eliminate uncertainty. Therefore, it should be noted that insurance may be used to protect the firm against financial losses that may be associated with operating a business. Be sure to define your insurance needs in this section of the business plan.

Uncertainty should also be accounted for in your financial forecasts. Let the reader know what assumptions you have made when developing the proforma statements. Also, some sensitivity analyses would be useful to show how your statements would change if output or input prices were different from your projections. If appropriate, set forth some contingency plans to be enacted if certain undesired outcomes are realized. For example, if milk production suffers from a hot, dry summer, you should have a contingency plan in place to help cash flow the business until production increases. For example, such a plan might include a revolving line of credit with the local bank.

The body of your business plan should have a final section in which you again tell the reader the highlights of the plan. Highlight the most important features of your plan. Restate your most important goals and briefly mention how you will achieve them. Here again, a time line might help to state what your goals are and when your firm expects to reach them. Remember, you have already provided many details, so keep this section relatively brief, referring the reader to earlier material where necessary.

In this section, draw focus on what your plan means for future profitability, efficiency, liquidity, and solvency. That is, all of your plans will likely affect the farm's financial status. Because this is a business plan, and businesses continue to operate only when profitable, this should be the major thrust. However, remind the reader of what may happen if your assumptions, particularly those related to input and output prices and quantities produced, are not realized. Refer to your contingency plans and sensitivity analyses.

If the business is a family-run operation, as many farms and other small agricultural businesses are, then you may want to include some family goals in your plan. Although you should try to separate family issues from business issues to the extent possible, completely divorcing the two is not always possible. Highlight where business success coincides with success in meeting the family's goals.

Finally, a concluding paragraph should draw the plan together and reinforce for the reader that your firm is committed to working collectively toward the plan's goals. Leave no doubt in the reader's mind that, barring detrimental outside influences, the goals of the plan will be reached.

Throughout this publication, we have pointed out some things that you may want to include in appendices. For example, one appendix might contain your financial statements, both actual and proforma, to which you refer in the Financial Management section. You may also want to include the formal job descriptions you have prepared. Use appendices as you feel appropriate. If you would like to include something that may not be relevant for the body of the manuscript to further describe your operation, then include it as an appendix. To differentiate them, give each new appendix a unique name such as, “Financial Statements" or “SWOT Analysis Results."

One of the most important things you can do to ensure success is to plan for the future. The planning process may take many hours to complete, especially if it is to provide a thorough representation of the firm. However, it will be a valuable asset as it forces a review of the firm and the industry, unites the collective labor force of the firm to work toward a set of common goals, and allows outsiders to gain a detailed understanding of the firm's past, present, and future.

Business planning is not applicable only to large firms. Smaller agricultural businesses, which are often family owned, stand to benefit at least as much from planning as do larger firms. In agriculture, especially agricultural production, the small compete directly with the large. Business planning will help firms of all sizes to better understand their relative positions in the agricultural industry. It will also help the owner to set goals and devise strategies for reaching those goals.

Asset Turnover Ratio

The percentage of total assets earned as gross income. A higher number is generally associated with higher profits. Mathematically, this equals gross income divided by average total productive assets.

Balance Sheet

A financial statement that shows total assets, total liabilities, and owners' equity at a specific point in time. The liabilities and owners' equity represent claims on the firm's assets.

Business Planning

The process of analyzing the firm's strengths, weaknesses, opportunities, and threats, using that information to develop organizational goals, and crafting strategies to reach those goals.

Competitive Advantages

Refers to particular strengths of the firm relative to those of other firms. Some examples are being the first firm in an area to provide custom heifer raising, having a manager with strong direct-marketing skills, or having superior land for growing crops.

Contingency Plans

These are strategies for dealing with potential outcomes that differ from those assumed in the initial planning process. These are most frequently associated with unfavorable outcomes.

Contract Production

Refers to any situation in which the farmer grows crops or livestock for a specific firm under terms negotiated in a contract.

The system of offices located around individual states that provides information and education to farm managers and other individuals. In Pennsylvania, this is Penn State Extension.

Current Ratio

Measures the ability of the firm to pay its current liabilities with its current assets. A ratio greater than one indicates that the firm is liquid and able to cover its current liabilities. Mathematically, this is equal to current assets divided by current liabilities. Current assets include cash and other assets that will be converted to cash or used up within one year. Current liabilities are those that are payable within one year.

Custom Business

Any firm offering to perform services for a farm that would replace those already provided by the farm's labor. Some examples include crop scouting services, custom planting and harvesting, or custom heifer growing.

Debt to Asset Ratio

Indicates the percentage of total assets owned by creditors. For example, a debt to asset ratio of 0.5 means creditors own 50 percent of the farm's assets. Mathematically, this is total debt divided by total assets.

Income Statement

Provides a review of revenues and expenses over a given period of time, often a year. This may also be referred to as a profit and loss statement, earnings statement, or an operating statement.

Leverage Ratio

This represents total farm debt as a percentage of equity. If this ratio is greater than one, for example, then the business is financed by debt more than by equity. Mathematically, this is total debt divided by equity.

Mission Statement

Provides a summary of why the business is in operation. This may include the firm's common values, an overview of products or services, target markets, or other information to provide a clear picture of the firm's purpose.

Represents the difference between gross income and total expenses. Mathematically, this equals gross income minus total expenses. A positive number means that the business is making enough to cover expenses and either reinvest in the company, pay debt more quickly, or increase owner incomes.

Operating Expense Ratio

Represents the percentage of gross income used in operating expenses (those expenses on inputs used in the current period). Mathematically, subtract interest expenses from operating expenses and divide the result by gross income.

Organizational Chart

A graphical representation of the formal chain of command for a firm. It shows who the supervisors are and over whom these have authority.

This indicates that the financial statement is a projection of the future. These should be based on the best possible estimates at the time they are put together.

Profit Margin

This shows the percentage of gross income resulting in profits for the firm. Mathematically, find the value of net income plus interest expense minus the value of operator and unpaid operator labor and divide that value by gross income. Interest expense is added back to net income because it represents a return to the debt-financed assets. Removing the value of operator and unpaid operator labor shows that returns must be enough to cover this value.

Rate of Return on Assets

This shows the return to all assets employed in the business as a percentage of the total assets employed. Mathematically, it is found by dividing the numerator of net income plus interest expense minus the value of operator and unpaid operator labor by the denominator of average total farm assets. Interest expense is added back to net income because it represents a return to the debt-financed assets. Removing the value of operator and unpaid operator labor shows that returns must be enough to cover this value.

Rate of Return on Equity

This shows the returns to equity assets employed in the business as a percentage of the equity assets. Mathematically, it is found by dividing the numerator of net income minus the value of operator and unpaid operator labor by the denominator of average total equity assets. Removing the value of operator and unpaid operator labor shows that returns must be enough to cover this value.

Revolving Line of Credit

A type of credit account in which the borrower has a given credit limit which can be borrowed at any time. A credit card or standing account with an equipment dealer are examples of revolving credit lines.

Risk Management

Refers to any attempt to avoid the possibility of unfavorable outcomes under uncertainty. Insurance and buying on futures and options markets to lock in input or output prices are good examples of tools used in risk management.

Sensitivity Analyses

Refers to using alternative assumptions to determine what the outcome of a financial analysis will be if different outcomes are realized. For example, if developing a proforma income statement, using a range of assumptions associated with output prices helps to show how projected net income will change if prices differ from the base assumption.

Standard Operating Procedures (SOPs)

These are written sequences of steps required to perform a specific task. Milking a cow, for example, requires many steps. A written SOP allows the milker to perform this task in the same way every time the cow is milked.

Statement of Cash Flows

This shows cash income and cash expenses over a specified period of time, often a year. These receipts and payments are typically broken into three categories associated with operations, investments, and financing.

A systematic review of the firm's strengths, weaknesses, opportunities, and threats. This is used to draw focus on what the firm does well and what it may be able to do to take advantage of emerging market opportunities.

Vision Statement

Provides a summary of the firm's most important goals. Firms differ with respect to how specific they state these goals in their business plans. We recommend being as specific as you can comfortably be.

Working Capital to Value of Production Ratio

This represents working capital as a percentage of gross income. Working capital is equal to current assets minus current liabilities. Current assets include cash and other assets that will be converted to cash or used up within one year. Current liabilities are those that are payable within one year.

Additional Resources

See the Penn State Farm Management website for other resources that may be useful as you develop your agribusiness plan.

Prepared by Jeffrey Hyde, assistant professor of agricultural economics, and Sarah Cornelisse, extension associate.

The authors would like to thank Todd D. Davis, extension economist at Clemson University, and Richard Stup, senior extension associate with Penn State Dairy Alliance, for their helpful reviews of an earlier draft of this publication.

Jeffrey Hyde, Ph.D.

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Agri Farming Business Plan – A Beginners Guide

Table of contents, purpose of a agri farming business plan, innovations in agriculture business, crop production of agri farming business plan, agriculture business categories, establish an agriculture business, the step-by-step approach in drafting an agri-business plan, urban agriculture, herb growing, vegetable farming, floriculture, frozen chicken production , botanical pesticide production, fruit growing, organic gardening, field crop farming, fertilizer distribution business , organic farm greenhouse, mushroom farming business, making a business plan for your agriculture business, common mistakes in the drafting of business plans, important facts for running the agriculture business, benefits of having a business plan.

Introduction: Hello friends we are back with information of agri farming business plan. Agricultural business is also known as agribusiness, is the farming, management, production, and marketing of agricultural commodities, such as livestock and crops. The agricultural business field contains resource management, farming, conservation, ranching, and sales. The Agribusiness plan is a road map for a business. It describes the main functions of business operations, finance, management, and marketing. It must support the mission statement, objectives and goals set by the owners.

A step by step guide to Agri farming business plan

A good business plan will help farm or food production businesses succeed. Before you start a business plan, take a look at some sample business plans for farms, food production facilities, and other agriculture-related businesses. Business plans have more direct benefits for the business owner. The business process also helps to define business goals and to assess the impact that uncertainty may have on future business outcomes. Perhaps most importantly, the written plan gives a well-defined direction for the business. So, it can be used to keep all employees moving toward the common goals established within it.

A guide to Agri Farming Business Plan.

Completing the Agribusiness plan can be a time-consuming activity, but well worth the effort. Agribusinesses operate in an ever-changing environment, the plan must be revisited periodically to be sure that the business is headed in a good direction. Again, the systematic review of the agribusiness plan forces the owner, and potentially others, to look at the business as a whole and make better-informed decisions. In this article we can also cover the below sections;

  • Agribusiness plan purposes
  • Drafting an agri-business plan
  • Different agriculture business plans
  • Mistakes in the drafting of business plans
  • Common errors while making a business plan
  • Steps for running the agriculture business
  • Advantages of agribusiness plan

A business plan has mainly two purposes;

  • To help the business management team create decisions to meet the specified objectives and goals; and
  • To help sell the feasibility of the business to bankers and other potential investors when requesting required capital.

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Agri Farming Business Plan.

The business plan must be tailored to the preferences and concerns of those who will use it (either the management team or lenders). The content of an agribusiness plan depends on factors such as the type of business and the way they plan will be used.

The medicinal plants, such as Aloe Vera and also Neem are targeted by the medical and pharmaceutical industries for mass production

The plants want high inputs at the initial stage but have a promising sustainable revenue generation capability and growth rate.

The important requirement or decision is the place. There are many options obtainable, such as backyard, renting an open space, large balconies or even the terraces.

Once the place and varieties of produce are decided, whether it is the seasonal vegetables or the medicinal plants the next step is to take the help of an expert to make a financial plan for the whole Agri farm business plan .

The production plan conveys the type and quantity of commodities to be formed, projected for 3 years into the future. The production plan must be easy for the reader to follow. Crop production plans must include the estimated acreage for each crop each year (crop rotation) and an estimated yield for each crop.

Estimated production levels can then be combined with estimated prices to generate some of the figures required for the financial component. Livestock operations will contain more variables, such as the size of the herd, cull rates, weaning rates, weaning weights, rates of gain, purchase prices, and sales prices, etc. The production plan must be defined for a minimum of 3 years. Although changes will occur, these projections show where the business plan is going and whether it can reach its goals and objectives.

Agriculture Business can be divided into three categories and they are as follows;

  • Productive Resources such as feed, seed, fertilizer, equipment, energy, machinery, etc.
  • Agricultural Commodities like raw and processed commodities of food and fiber.
  • Facilitative Services such as credit, insurance, marketing, storage, processing, transportation, packing, etc.  

The best way to start a farm business plan or activity is to conduct market research on obtainable resources and technology.

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Establishment of Agriculture Business.

Farming is a technically intense procedure and requires the help of qualified and experienced professionals. The important thing in the business is the quality and trust of the business partners and individual customers. The hybrid seeds obtainable in the market and the knowledge of fertilizers and other inputs are essential. The most important step is to decide what to grow and where to grow along with the amount of the produce. The agriculture farm business plan itself has several divisions and varieties.

Secure the identified land proof of ownership or lease agreement and obtain a farm map of the farm that includes farm boundaries or watering points.

Identify potential markets and the requirements for entrance into the market. Identify resources obtainable for utilization to develop potential commodities.

Take into consideration your ability, knowledge, and access to support before deciding on the commodity to be business plan.

Calculate viability and economic feasibility on potential commodity and probable opportunities for value-adding. Source information on the different forms of agribusinesses.

Decide on what agribusiness form will be the best for the situation. If the agribusiness form needs to be registered to proceed with the process.

Different agricultural business ideas

Urban agriculture refers to agricultural practices in urban areas and their surrounding regions and is a centralized operation involving horticulture, animal husbandry, aquaculture, and other practices for farming food or other agricultural products. You don’t want a huge space to get into the agriculture business. If you have a city or suburban home, you can still plant some crops in small or vertical containers to obtain the most out of your space.

Herbs such as basil, parsley, and mint can make for great agriculture products. So you can grow it at home or farm and sell it.

You can also plant a variety of different vegetable plants and harvest them to sell or make them into different products.

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It wants a retail space and a connection with the flower growers. It is one of the profitable retail agriculture business ideas that can be done online by providing customers with doorstep delivery of flowers.

The demand for this product is growing globally and one can start this business by living in a metro or a suburban city.

It is essential and mandatory for organic farming. As the demand for this product is high, it is considered as one of the profitable agriculture business ideas .

Growing fruit plants is harder than most folks first think. Fruits want continuous care from spring to fall. Or you could grow and harvest different types of fruit to sell or make into other fruit-based products.

You could specialize in organic gardening practices so you can market your products to health and eco-conscious consumers.

Soybeans, cloves and other types of crops want a fair amount of field space to grow. But if you have the land, you can harvest different crops to sell to food producers.

One can start this fertilizer business with moderate capital investment. And it is mostly controlled by the government.

The increased demand for organically grown farm products has led to the growth of this organic agricultural business. As there are many health risks in the foods grown with fertilizers, people are growing organic food.  

If you have space and the ability to care for cows or dairy animals, you could start dairy farms where you produce milk, cheese, and similar products.

Poultry farming is the ‘raising different types of domestic birds commercially for meat, eggs and feather production’. Poultry farming in India is a profitable business.

Fish farming is a growing sector of the agriculture industry. The procedure requires raising fish in large tanks or enclosures. This farming business can be done at any time of the year. It wants modern techniques and moderate capital investment.

By doing this mushroom business you can make good profits in just a few weeks. It wants a low start-up capital investment. Mushroom cultivation can give additional income to farmers who wish to take up this activity especially in their lean season. The greatest benefit of this venture is the fact that mushrooms can convert nutritionally valueless substances like wheat or paddy straw into nutritious delicacies.

The financial plan will contain all the initial and running costs along with the revenue generation calculations.

The correct calculation of the growth curve and breakeven point is necessary for futuristic sustainable growth and positive aggressive expansion. Then, develop a marketing strategy.

There are a lot of options that want to be explored, such as grocery delivery giants, large retail stores and various restaurants around the region.

Nowadays, the trend is also considering hiring a self-business team and trucks for selling the make in urban societies to avail the correct value for the produce.

The owner of the Agri farm business plan can create its startup and sell its products in the open market to create sustainable income and reduce dependability.

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Most prospective entrepreneurs focus mostly on the infrastructure that is required and ignore the cash flow which is critical to the daily operations of the business. Cash flow assists in managing financial resources, i.e. debtors and creditors’ control.

A vague business plan

Prospective entrepreneurs or writers of business plans assume that the reader, funding institution, and investor know what the business venture is all about. So, it is important to provide as much detail as possible and elaborate wherever necessary to clarify the needs of the business.

Unrealistic assumptions

Almost all writers of business plans assume that the business will succeed, they make unrealistic assumptions. It is advisable to benchmark against existing or similar agribusinesses in the industry for acceptable standards. The goals of the business should be realistic and achievable. Rather start small and then expand.

Many business plans ignore the risks or do not create provisions for the risks. The business plan must include all risks and provide information on how some of those risks can be mitigated.

  • The agriculture farm business plan and implementation mainly involve a huge amount of risks and vulnerabilities, such as failure of crops drop in quality and non-seasonal rains along with the different pests and crop-destroying insects.
  • The owner should calculate all the available risks and take all the appropriate and necessary measures to protect the business and crop in all circumstances.
  • The rise of IT and digitalization has led to the growth of home delivery start-up enterprises and the e-commerce sector.
  • The owner should research upon and consider of investing heavily on technology to ensure sustainable growth by implication of house delivery system, and online selling platform, etc
  • The evolution from agriculture to agribusiness has brought with it numerous advantages. These contain reduced drudgery for laborers; the release of workers for nonagricultural endeavors; a better quality of food; a greater variety of products; improved nutrition; and increased mobility of people.
  • Helping you to clarify vision and deciding whether or not to forge ahead with the idea.
  • Determining if your product and service have a sufficient market to support it and whether or not it will be profitable.
  • Providing an estimate of start-up costs and how much you’ll need to invest or finance.
  • Convincing investors and lenders to fund business.
  • Defining corporate objectives and programs to achieve those types of objectives.

That’s all future farmers about agri farming business plan, ideas. You may be interested in Organic Agriculture Information .

Sir we are having a agricultural land near Pune Maharashtra I have also decided to come back to farming business that to DAIRY FARMING but don’t know how to start some says for dairy farming man power is must agreed but how to get good and skill person to start the dairy business if get a good team ready to start the DAIRY Farm need some guide line

it feels as if i am already in farming industry business. i have always been in construction business forever and the industry is so very much saturated and i cannot breathe anymore. it was then i sat down and wondered in which other business can i indulge in. through my researches and speculations, agriculture (animals) is the one although i have not yet decided which one. i do not know anything about farming but all i know is i must have a business plan. please walk me step-by-step and hand-in-hand

Sir iam also looking to start Agro based Integrated farming. Would you like to join hands.

I want join in your farming technology information and newsletter.

Hi, Subscribe to our free newsletter service.

I am very much interested in farming, animal feed distribution sector.i will appreciate your step by step guide and more relevant advice and support.

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May 7, 2024

Discussing Key Resources and Risk Exposure in Your Farm Business Plan

by Margaret Lippsmeyer, Michael Langemeier, and Michael Boehlje

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Introduction

Developing a business plan for your farm helps align day-to-day operations with overarching business goals. In this article, we explore the importance of assessing current business resources and exposure to risk while creating a business plan. We provide discussion on risks to your business’s key resources, a framework to evaluate the strength of your farm’s resource base, and an outline of how to craft an effective business plan. These topics link back to our previous articles on integrated risk management (Lippsmeyer, Langemeier, and Boehlje, 2024a) and key resources (Lippsmeyer, Langemeier, and Boehlje, 2024b) where we discussed how macroeconomic factors and other external shocks can influence timing and effectiveness of investments in key business resources.

Assessing Resources

Availability and strength of key resources—including financial, physical, human, organizational, and information technology—should shape your business objectives and determine an effective business plan. Business objectives and business plans should focus on strengthening your farm’s key resource base. This resource base acts as a foundation for potential farm expansion, or ability to withstand shocks or stresses in the business environment. Evaluating key resources is a critical initial step in business planning, ensuring you have accurate benchmarks for your business’s resources. These benchmarks help to identify which key resources to leverage and which need to be strengthened.

In the next sections we discuss different types of key resources and major risks associated with each. In addition to this discussion, Figure 1 poses a series of questions which can be used to assess the strength of your farm’s key resources. These questions are intended to pinpoint potential shortcomings in a farm’s resource base, thereby assisting in the development of a business plan that addresses resources needing improvement. Figure 2 illustrates risk exposure by resource category.

Figure 1: Assessing Strength of Business Resources

Figure 1: Assessing Strength of Business Resources,  Adapted from Olsen (2007)

Figure 2: Risk Exposure

Figure 2: Risk Exposure

Organizational Resources

Organizational resources are the glue which binds together physical, financial, human resources, and information technology, giving direction and meaning to a farming operation. Organizational resources include business reputation, core values, operational structures, and systems, and play a vital role in differentiating your farm from competitors. For example, most operations can effectively produce yellow corn, but consistent product quality, reliable logistics, trustworthy relationships with input suppliers and product distributors are ways in which your organizational resources may yield a competitive advantage. Many risks associated with organizational resources are considered strategic risks. Strategic risks are caused by external shocks or stresses which create a misalignment between a farm’s business strategy and available resources and capabilities (Lippsmeyer, et al., 2023). These risks lack off-the-shelf risk mitigation strategies, making them particularly threatening for businesses. Risks to organizational resources exemplify strategic risk: coming from a variety of sources, are known to cause brand erosion, tarnish reputation, obscure business strategy, and lack effective tools to mitigate these risks.

Adverse weather conditions reducing crop yield is often categorized as a production risk. However, if as a consequence your operation fails to fulfill a sales contract, the risk becomes a strategic risk, impacting your business’s reputation. Although distributors may have alternative sources to compensate for your shortfall, your farm’s reliability in meeting contractual obligations could come under scrutiny. This could adversely affect your future prospects of securing contracts with the same distributor.

Brand erosion and loss of reputation frequently relate to three factors: price, timeliness, and quality. Balancing a competitive price and product quality is a challenge which impacts a farm’s ability to maintain a positive reputation and retain customers. Moreover, perceptions of certain farming practices (i.e., production using certain chemicals or hormone treatments), negative publicity, or increases in competition may also contribute to brand erosion and reputation loss.

The clarity of a business strategy is another component of strategic risk. Business strategy may become compromised due to complexities of relationships between operators, employees, and outside parties; or through attempts to expand to seize economies of scope. For example, business strategy may become unclear during periods of high employee turnover or when a business expands into new market channels. Periods high turbulence, when structure, goals, and values become unclear, are when resilience is most necessary. Operational resilience can serve as a dynamic buffer, enabling quick adaptation to internal and external pressures, and sufficient slack resources to provide leeway while maneuvering through unforeseen challenges (Lippsmeyer and Langemeier, 2023).

Information Technology

Information technology draws parallels between the collection and use of farm data to the concept of ‘surveillance capital’ used to enhance social media platforms (Lippsmeyer, Langemeier, and Boehlje, 2024b). In the context of production agriculture, information technology provides data-driven insights, helping producers identify operational inefficiencies, and assisting in on farm decision-making. The effectiveness of this resource is highly dependent on data collection, organization, and ability to accurately analyze the data and draw correct interpretations.

A common risk associated with information technology is data security. Whether it is financial data collected by a lender, input supplier data, or your farm production data, there are significant concerns about how to protect data from being stolen or accessed without permission. Strategies to limit data accessibility include user authentication to ensure only authorized users can access your farm records, data encryption for sending sensitive information, and access control limits to restrict who can view, modify, or delete data. In the age of increasing data collection and use, it is critical to read and fully understand contracts with equipment or information technology companies prior to signing away rights, and subsequently, knowing how to revoke access if necessary.

Risks relating to information technology span beyond data security. Often even if data collection and storage is done in a secure manner, there remain difficulties or limitations associated with data processing. This poses potential issues of uninformed or ill-informed farm decisions if incorrect conclusions are drawn from analysis, despite best efforts to use data driven insights.

Financial Resources

Financial resources include cash, investments, equity, and receivables, all of which provide liquidity to fund business expenses and updates to physical resources. Sufficient financial resources ensure farming operations can pursue new opportunities when they arise and have ability to weather through unexpected periods of high input costs or low market prices. Risks to financial resources include limited access to debt or equity capital and insufficient liquidity. Without the availability of financial resources, the ability to grow or seize new opportunities is significantly constrained, if not entirely unfeasible.

Physical Resources

Physical resources include land, machinery, buildings, and inventories. These assets are characterized by significant initial investment, continual need for maintenance, and a lack of liquidity relative to financial resources. Assessments of physical resources may vary based on the type of farming operation and the type of resource but generally take into account the resource’s useful life, initial level of investment, quality of maintenance, and salvage value. For example, maintaining land resources may involve soil testing, use of fertilizers to improve nutrient content, or use of cover crops to prevent erosion. While other physical resources like planters and combines need much more frequent maintenance and replacement after exhaustion of their useful life.

One of the major risks related to physical resources is inefficient use (i.e., low utilization rates). Inefficient use of machinery or storage facilities results in higher than necessary production costs. However, inefficient use may be justified in some scenarios. While inefficient use of physical resources is undesirable in the long run, for an operation that plans to grow, having some degree of slack may increase flexibility.

Other risks include improper care and overuse of a resource. These risks are often attributed to poor management or lack of investment due to ownership structure – for example, producers who rent versus own machinery or farm ground are typically more hesitant to make major investments because there is no guarantee they will reap the future benefit from the investment.

Inventories are the final physical resource we will address. Inventories, particularly stored crops, present unique risks including contamination with aflatoxin, insect infestation, or fire in storage bins from inadequate drying procedures. Inventories are the most liquid physical resource for farming operations, typically being sold within one year of harvest, and often used to supplement financial resources.

Human Resources

There are two varieties of human resources we will discuss: those internal to an operation and those which are external. Internal human resources include employees, management, company owners, as well as the relationships, knowledge, and competencies of each. These resources have extensive operational and industry knowledge which is built through time. Prior research shows experience displays positive relationships with profitability and financial efficiency (Vanhuyse, Bailey, and Tranter, 2021). Lippsmeyer, Langemeier, and Boehlje (2024b), discuss the importance of human resources and provide strategies for how to attract and retain quality employees. Risks relating to internal human resources include talent shortages, insufficient workforce, employee retention, and lack of experience. Losing employees incurs significant operational costs, both directly (due to insufficient labor availability) and indirectly (due to loss of tacit operational knowledge) (Spender and Grant, 1996).

External human resources include customer relations, interactions with and knowledge of suppliers. These relationships are more challenging to control due to their indirect connection with a business, yet remain critical for success. Risks relating to customer relations include losses of long-term customers and related market opportunities. Often these risks are closely related to product quality, pricing, and timeliness, as well as organizational resources. If customers perceive you as an unreliable supplier, relationships will deteriorate quickly. Maintaining consistent product quality, efficient logistics, knowledgeable employees, and quality service are all strategies businesses use to encourage longevity of reliable customer relationships (Claycomb and Martin, 2001).

Supplier risks include untimely deliveries, varying quality of inputs, and excessive or unexpected costs. These factors have the potential to influence quality or price of a product, potentially reflecting poorly on your business. Careful and frequent evaluation is necessary to decide which suppliers to continue doing business with, how to set and maintain input standards, and strategies to reward suppliers for desirable behaviors.

Setting Business Objectives

Obtainable business objectives are a critical part of every good farm business plan, so a direct path can be plotted from current performance levels to improved performance where objectives are met. Objectives may vary by enterprise, but likely revolve around improving quality standards, profitability metrics, and timeliness.

Objectives may include achieving specific quality benchmarks for products, retaining a specific proportion of contract agreements from year to year, ensuring a given percentage of deliveries are completed on time, or having management take part in strategy, business, or leadership improvement workshops. Objectives relating to information technology include learning to collect and store yield data, or developing systems to analyze the impact of different inputs on crop health. Objectives for financial resources include achieving specific financial ratio benchmarks, paying off high-interest lines of credit, or saving to invest in a new piece of machinery. Objectives to enhance and maintain human resources might involve hiring additional staff, offering career development opportunities, or offering incentives for loyal customers.

Developing A Business Plan

Using Figure 1, we encourage you to evaluate each of your farm’s key resources to help pinpoint any weaknesses in your resource base and subsequently identify areas in your operation needing improvement. Business plans should begin by identifying strengths or weaknesses of current resources, assessing the implications of relative strengths (or weaknesses) in achieving business objectives, and then focus on setting up step by step plans to achieve those objectives.

Once your business plan has been created, considerations also need to be made for the timing of major organizational changes or substantial investments. Both external shocks (e.g., macroeconomic uncertainties) and available operational slack must be considered to identify optimal timing to improve your resource base (Lippsmeyer, Langemeier, and Boehlje, 2024b).

In order to identify actions effective in making change, regular evaluations with consistent standards must be used to assess resource strength and progress made towards achieving objectives. Continually assessing strengths and weaknesses of key resources and identifying potential improvements can prevent businesses from developing a ‘needs-based strategy’ which waits for major issues to arise, then scrambles to control damage.

Conclusions

This article has provided a discussion of key resources and risks associated with each. By considering the strengths and weaknesses of your resource base, combined with the appropriate timing for investments, you will be better equipped to develop an effective business plan. Using the tools provided in this article, we prompt you to critically assess your farm’s key resources and develop a business plan which progresses from your current resource base to achieving business objectives.

Claycomb, C. and C.L. Martin, C. L. (2001). “Building Customer Relationships: An Inventory of Service Providers’ Objectives and Practices.” Marketing Intelligence & Planning, 19 (6). doi: https://doi.org/10.1108/EUM0000000006109

Lippsmeyer, M. and M. Langemeier. (2023). “ Agility and Absorption Capacity .”  Center for Commercial Agriculture, Department of Agricultural Economics, Purdue University, April 20.

Lippsmeyer, M., M. Langemeier, J. Mintert, and N. Thompson.  (2023). “ Resilience to Strategic Risk .”  Center for Commercial Agriculture, Department of Agricultural Economics, Purdue University, June 20.

Lippsmeyer, M., M. Langemeier, and M. Boehlje.  (2024a). “ Integrated Risk Management: Developing an Asset-Based Business Strategy .”  Center for Commercial Agriculture, Department of Agricultural Economics, Purdue University, March 15.

Lippsmeyer, M., M. Langemeier, and M. Boehlje.  (2024b). “ Key Resources Determining the Future of the Farm .”  Center for Commercial Agriculture, Department of Agricultural Economics, Purdue University, April 4.

Olsen, E. (2007). Assessing Your Business and Its Capabilities. In Strategic Planning for Dummies (pp. 121-140). Indianapolis: Wiley Publishing, Inc.

Spender, J., and R. Grand, R. (1996). Knowledge and the Firm: Overview. Strategic Management. doi: https://doi.org/10.1002/smj.4250171103

Vanhuyse, F., A. Bailey, and R. Tranter. (2021). “Management Practices and the Financial Performance of Farms.” Agricultural Finance Review, 81(3) . doi: https://doi.org/10.1108/AFR-08-2020-0126

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TEAM LINKS:

Margaret Lippsmeyer, MS Student, Department of Agricultural Economics, Purdue University

Margaret Lippsmeyer

Michael Boehlje

Michael Boehlje

Michael Langemeier

Michael Langemeier

Related resources, farm resilience, management practices, and producer sentiment: segmenting u.s. farms using machine learning algorithms.

Margaret Lippsmeyer, Michael Langemeier, James Mintert, and Nathan Thompson segment U.S. farms by farm resilience, management practices, and producer sentiment. This paper was presented at the Southern Agricultural Economics Meeting in Atlanta, Georgia in February. 

Key Resources Determining the Future of the Farm: Human Capital & Information Technology

This article emphasizes the significance of human resources and information technology (the ability to manage and analyze data) as we transition into a new era of production agriculture. This new era brings further innovation of agricultural technology, information processing, and use of artificial intelligence to digitize agriculture.

Integrated Risk Management: Developing an Asset-Based Business Strategy

Integrated risk management is a comprehensive approach that addresses business, financial, and strategic risks collectively, safeguarding your organization against potential threats. This article analyzes the importance of integrated risk management for production agriculture, an industry which is highly susceptible to external shocks.

UPCOMING EVENTS

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2024 crop cost and return guide.

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2024 crop budget estimations for 2024.

(Part 2) Indiana Farmland Cash Rental Rates 2023 Update

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss cash rental rates for Indiana farmland in this, the second of two AgCast episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results.

Short-term outlook of agricultural markets: uncertainty remains a constant feature of EU farming

agri related business plan

Agriculture remains impacted by several events outside of farmers’ control, such as climate and geopolitical crises, which continue to exert pressure on farmers. These have implications on productivity, trade, consumer demand, prices and ultimately on farmers’ income. Since the last short-term outlook (autumn 2023) and despite some favourable but limited developments in input costs, their prices, including for energy, fertilisers and animal feed are significantly above pre-COVID levels. Uncertainties for the farmers arise also from the unpredictable extreme weather events, geopolitical conflicts that put pressure on agricultural markets, and economic factors such as still high interest rates and increased labour costs. Food prices remain still high, which, combined with low prospects for economic growth limit prospects for consumer demand recovery. Published today by the European Commission, the spring 2024 edition of the short-term outlook report for EU agricultural markets presents the latest trends and prospects for key agricultural markets.

EU farmers keep facing numerous challenges related to input costs which remain largely above pre-COVID levels despite a recent downward trend for some of them. EU fertiliser production continues to recover but imports stay at high levels. Since the beginning of the year, the Commission has taken a range of short and long-term measures to support EU farmers and address their concerns notably with regard to the administrative burden and their position in the food supply chain. The Common Agricultural Policy (CAP) also provides a predictable safety net for farmers and a supportive framework to accompany the sector’s transition towards more sustainability.

EU farmer’s price index declined compared with 2022 level but this reduction has not yet fully been transmitted to processor and consumers food prices which could potentially bring further relief to consumers. While the EU consumer food price index has stabilised since March 2023, it has increased on average by 43% compared to 2015. In certain EU countries, the increase has been more significant, like in Poland (+65%), or Lithuania (+69%).

Weather conditions have proved generally good for most winter crops and grassland, but wetness could be challenging for some northwestern parts of the EU. Given the unpredictability of extreme weather events and abrupt changes observed in the last year, current signals are to be treated cautiously.

Arable crops

2024/25 EU cereal production is projected to increase to around 278.5 million tonnes (+3% year-on-year), primarily driven by better yields. The wet conditions affected the cereal production in 2023/24 and made it sometimes difficult for farmers to access their fields to sow spring cereals. Overall, EU cereal imports in 2023/24 (July 2023-June 2024) could remain 17% higher than the 5-year average. However, improved logistics of the Black Sea corridor facilitate exports of Ukrainian grains to the global markets with less Ukrainian grains entering the EU.

The cultivation area and the yields for soya beans and sunflower seeds is increasing in 2023/24. Oilseeds and protein crops production is expected to increase in 2024/25, driven by an increase in soya bean, field peas and broad beans.

The rebound in EU sugar production is confirmed at 15.6 million tonnes. The high EU sugar price has however limited the recovery of consumption so far.

Specialised crops

EU olive oil production is expected to slightly recover in 2023/24 (October 2023-September 2024) after a record low harvest last year. The reduced supply is still driving up prices. This leads consumers to shift to other oils and fats or reduced an overall intake of oils. As a result, the EU consumption could be at its lowest historically in 2023/24.

Wine production in Italy and Spain has decreased significantly in 2023/24 (August 2023-July 2024) because of adverse weather conditions. EU wine consumption continues its decreasing trend, as younger generations prefer other types of alcoholic beverages, such as beers or cocktails, on top of a consumers’ lower purchasing power. The crisis distillation, authorised in summer 2023 by the European Commission , was put in place in several EU countries to remove around 33 million hectolitres from the market. Despite this intervention and production drop, stocks are not expected to follow.

Adverse weather conditions also impacted negatively the EU production of apples and oranges. EU exports of fresh apples and oranges are expected to decline sharply, and imports of oranges increase putting more pressure on domestic producers.

Milk and dairy products

Despite a continuously decreasing dairy cow herd (‑0.5%), EU milk supply is forecast to remain relatively stable in 2024 (+0.4%) which could be supported by increasing yields (+0.9%). EU countries experience contrasting situations, impacted differently by the weather or ongoing structural changes.

EU cheese production and exports remain strong and could continue to increase in 2024. EU exports of butter could also remain positive with a stable domestic consumption.

Meat products

The livestock sector is experiencing structural changes, driven mainly by a shift in consumer preferences from beef to poultry and by environmental constraints. EU per capita beef consumption in 2023 dropped to 9.7 kg (-4.7% year-on-year). The drop in consumption could continue by 2.8% in 2024. EU beef production could keep declining and this could sustain EU beef prices.

EU pigmeat production is experiencing a similar decline with -6.6% in 2023. The reduction could slow down at 0.4% in 2024.

Demand for poultry, as a cheaper source of protein, is still high. EU per capita consumption increased by 3% in 2023 and could grow by an additional 2% in 2024. Imports of poultry also continue to be high.

Updated balance sheets for the marketing year 2023/24 are included in the latest short-term outlook report and are also available in the agri-food data portal.

spring 2024 report front cover

The short-term outlook for agricultural markets is published twice a year and is based on the latest data and information from market experts in the European Commission.

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How to Write an Agritourism Business Plan + Example Templates

Agritourism business owner works with local plants.

Elon Glucklich

5 min. read

Updated February 7, 2024

Free Download:  Sample Agritourism Business Plan Template

Agritourism is a rapidly growing industry. From winery tours, to concerts, to letting tourists experience a day working on a farm or ranch, farmers more than tripled their revenue through agritourism uses over the past two decades.

The practice has opened up valuable new revenue streams for entrepreneurial farmland owners looking to diversify their traditional farming operations.

But there are serious challenges to running a commercial enterprise on agricultural land. Any farm, forest or ranch-based business has to balance the expectations and safety of their customers with the need to preserve the environment and maintain daily agricultural operations. There can also be complex regulations to work through.

And even if you’re in the clear legally, you’re at the mercy of seasonal fluctuations and weather disruptions.

Yet all of these challenges can be mitigated with effective business planning. It’s an essential piece to secure funding from an investor or a loan from a bank, develop a solid marketing strategy, and identify opportunities for diversifying revenue sources.

An agritourism business plan contains much of the same information you’d see for other industries. Here on Bplans, we’ve got a great guide already on how to write a traditional business plan. In this article, we’ll look at how to write a business plan specifically for an agritourism business. You can also download our free sample agritourism business plan to get started.

  • 1. Thorough market research is essential

Because of the startup costs and unique land use considerations involved in agritourism, it’s crucial to invest significant time in researching your market before getting started. 

If you’ve already identified the site of your business, make sure you understand the allowable activities on the property. Checking with the relevant government agencies and documenting that your proposed use meets all the legal requirements will add credibility to your plan.

Conduct your own research in the local and regional tourism industry by compiling information on:

  • Regional demographics and psychographics
  • Seasonal tourism and travel trends
  • Visitor numbers at regional tourist destinations
  • Direct competitors (other agritourism offerings) and indirect competitors (other recreation activities)

This information will help you understand what sets your business apart , so you can develop effective marketing campaigns around your competitive advantages.

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  • 2. Emphasize the Mission in Your Plan

Succeeding in an industry that exposes the public to nature requires an authentic commitment to environmental stewardship. Your business plan is an opportunity to show that commitment. The plan lets you highlight the core values and mission that drive your agritourism venture, and explain how they align with the growing demand for authentic, sustainability-focused travel experiences.

Depending on the type of agritourism venture you plan to start and the atmosphere you hope to create, you can detail how your business will meet those demands. Will your business cater to an unmet need in an area with limited outdoor experiences? Or will it provide a one-of-a-kind offering in a region already known for nature-based attractions?

These are all factors to take into consideration when crafting your mission statement , and preparing to develop operations and marketing strategies.

  • 3. Prepare for Unique Challenges

Operating an agritourism business comes with inherent risks, from weather-related disruptions to economic downturns that reduce tourism activity.

It’s important to identify the potential risks and challenges your business may face and develop contingency plans for addressing them.

Is your land owned or leased? Are your employees part-time, full-time or seasonal? From an operational perspective, you should show an understanding of the staffing, training, facility, maintenance and safety requirements.

Describe the processes and systems you will use to manage bookings, customer service, event coordination and visitor feedback. In addition, explain your plan for managing the agricultural side of your business. Your operations plan should demonstrate that you have a comprehensive understanding of both the tourism and agricultural aspects of your business.

  • 4. Nail Your Go-To-Market Strategy

The sales and marketing section of your business plan is where you’ll outline how you plan to reach your target audience and promote your agritourism offerings.

Start by identifying your target market segments, such as families, couples, eco-conscious travelers, or educational groups. These are the audiences you’ll tailor your promotional efforts to.

Discuss your advertising and promotional efforts, emphasizing the most relevant channels to your target market. These might include niche travel websites, eco-tourism forums or local tourism boards. Consider creating content that will showcase your authentic experiences, sustainable practices and educational opportunities. Social media outreach and blogging can promote your business and create valuable partnership opportunities.

Speaking of partnerships, detail any plans to engage with tour operators, local businesses and other industry partners to create package deals, joint promotions, or referral programs that increase exposure for your business.

Your plan should also include a pricing strategy for your offerings. Make sure the prices you set cover your costs, and are competitive with other tourism offerings.

  • 5. Plan for the Future

Though it’s growing in popularity, agritourism revenue makes up less than 6 percent of all farm-related income, according to recent data .

Some business models have been established around agritourism offerings like farm stays, educational workshops, farm-to-table dining experiences and seasonal festivals. But uncertainties around regional preferences, seasonal factors, and regulatory changes make it more challenging to plan an agritourism business than some other ventures.

That’s why you should explain in your business plan how you will measure success and make changes when they become necessary . Outline possibilities for scaling your business over time, including any new products or services, facility upgrades, or additional locations.

Also, consider how you will respond to external threats, from new competitors in your area, to economic downturns, to poor weather seasons.

Taking time to and plan your agritourism business will help you respond to unforeseen challenges and pivot to meet new opportunities. You’ll need it to ensure you can afford to add a new service, purchase new equipment, host events to promote your business or add employees.

  • Download your free Agritourism business plan template

If you’re ready to start your own agritourism business, you can download our free sample agritourism business plan from our library of over 550 sample business plans . Get started today, and see first-hand why businesses that plan grow 30% faster than those that don’t.

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Content Author: Elon Glucklich

Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.

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Settlement could cost NCAA nearly $3 billion; plan to pay athletes would need federal protection

FILE - Boston College play SMU during the first half of the Fenway Bowl NCAA football game at Fenway Park Thursday, Dec. 28, 2023, in Boston. With the expanded College Football Playoff locked in through 2031, questions still remain about what the rest of the postseason will look like. One thing is certain, there will still be bowl games. (AP Photo/Winslow Townson, File)

FILE - Boston College play SMU during the first half of the Fenway Bowl NCAA football game at Fenway Park Thursday, Dec. 28, 2023, in Boston. With the expanded College Football Playoff locked in through 2031, questions still remain about what the rest of the postseason will look like. One thing is certain, there will still be bowl games. (AP Photo/Winslow Townson, File)

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SCOTTSDALE, Ariz. (AP) — The NCAA and major college conferences are considering a possible settlement of an antitrust lawsuit that could cost them billions in damages and force schools to share athletics-related revenue with their athletes.

But even if college sports leaders create a new, more professional model for collegiate athletics they likely would need help from Congress if athletes are not classified as employees.

Two people familiar with settlement discussions related to House vs. the NCAA told the AP on Friday the association could pay out $2.9 billion in damages over 10 years to resolve the class-action lawsuit — which is set to go to trial in January. Schools in the Big Ten, Big 12, Atlantic Coast Conference and Southeastern Conference could be on the hook for about $30 million per year, which would include about $20 million annually directed to their athletes.

The people spoke on condition of anonymity because settlement negotiations were not being made public, and emphasized a deal is far from finalized. Conditions of an agreement still must be approved by the NCAA board of governors and the presidential boards of each of the four conferences.

FILE - Fans hold Missouri State flags during a tournament in Fayetteville, Ark., Sunday, June 7, 2015. Missouri State is moving up to the highest tier of Division I college football and joining Conference USA in 2025. (AP Photo/Danny Johnston, File)

Yahoo Sports and ESPN first reported details of the potential settlement agreement.

U.S. District Judge Claudia Wilken, who already has ruled on several high-profile antitrust cases against the NCAA in the Northern District of California, ordered the sides to attempt to settle the case months ago. A more developed plan emerged from a meeting of NCAA and conference officials in Dallas last week.

Earlier this week, Big 12 Commissioner Brett Yormark declined to discuss anything related to a possible settlement or the gathering in Dallas while speaking with reporters after his conference meetings in Arizona wrapped up.

There is quiet acknowledgement among many college sports administrators that a settlement of House is the best course of action. The case, brought by former Arizona State swimmer Grant House, contends college athletes should receive a cut of the billions of dollars in media rights fees that go to the power conferences and the NCAA, dating to 2016.

The NCAA is facing several other antitrust challenges to compensation and transfer rules, but House has become a catalyst for action.

In a previous filing, attorneys for the NCAA and the conferences contend damages in House will be $1.4 billion, though in successful antitrust cases damages are tripled.

The NCAA and college sports leaders have been seeking help from Congress in the form of a federal law to regulate NIL compensation for several years, but there has been little movement on that front.

More recently the emphasis from NCAA President Charlie Baker and others has shifted to trying to prevent college athletes from being deemed employees.

Even with a settlement in House and a revenue-sharing plan, the NCAA and major conferences could still need a federal law or antitrust protection to prevent more challenges.

A separate antitrust lawsuit in Pennsylvania dealing with the employment status is also active.

“In terms of their legal options one is to go to Congress, two is to recognize the athletes as employees and enter collective bargaining agreements, the other one is to try to operate in a way that is more defensible under the law,” Tulane sports law professor Gabe Feldman said. “The door is still open to re-invent itself to either withstand litigation or gain more support for congressional intervention.”

Feldman said a federal law that denies college athletes employment status could face a court challenge without the NCAA and conferences being granted an antitrust exemption by Congress.

“It’s hard to ask Congress to protect something that so many see as exploitative,” Feldman said.

A recent ruling from an National Labor Relations Board regional director paved the way for members of the Dartmouth men’s basketball team to vote to join a union. The school is fighting that decision.

Some type of revenue-sharing agreement or substantially increased payments to college athletes on top of scholarships seems inevitable.

Baker himself proposed in December creating a new tier of Division I in which schools would be required to pay at least half their athletes $30,000 per year in trust funds. Baker also encouraged schools to bring NIL activities for athletes in-house instead of solely allowing them to work with third-party entities.

Baker’s D-I project proposal has mostly been tabled, but allowing — though not requiring — schools to pay their athletes seems closer than ever to becoming a reality.

Follow Ralph D. Russo at https://twitter.com/ralphDrussoAP and listen at http://www.appodcasts.com

AP college football: https://apnews.com/hub/college-football

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VIDEO

  1. Business Planning for Agritourism Enterprises

  2. Agro Tourism Business PLAN

  3. कृषि शिक्षक भरती अपडेट || सुवर्णसंधी कोणासाठी ? || #education #agriculture #mcaer #agricultureteach

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  6. HINDI nag COLLEGE, Pero mas MALAKI ang KITA sa NAGTAPOS? YAYAMAN ang BATANG KAMOTE FARMER na ito!

COMMENTS

  1. Free Agriculture Sample Business Plan PDF + How to Write

    Your agriculture business plan doesn't need to be hundreds of pages—keep it as short and focused as you can. You'll probably want to include each of these sections: 1. Executive summary. An overview of your agriculture business, with a brief description of your products or services, your legal structure, and a snapshot of your future plans.

  2. Agriculture Business Plan Template [Updated 2024]

    Agriculture Business Plan. Over the past 20+ years, we have helped over 500 entrepreneurs and farm owners create business plans to start and grow their agricultural companies. If you're unfamiliar with creating an agriculture or farm business plan, you may think creating one will be a time-consuming and frustrating process.

  3. Agricultural Business Plan Template (2024)

    Specifically, these funds will be used as follows: Land: $200,000. Equipment: $200,000. Three months of overhead expenses (payroll, utilities): $150,000. Marketing costs: $100,000. Working capital: $100,000. Easily complete your Agricultural business plan! Download the Agricultural business plan template (including a customizable financial ...

  4. Farm Business Plan Template & How-To Guide [Updated 2024]

    Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the farm business industry. Discuss the type of farm business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan.

  5. Plan Your New Farm Operation

    The Farm Business Plan Balance Sheet can help gather information for the financial and operational aspects of your plan. Form FSA-2037 is a template that gathers information on your assets and liabilities like farm equipment, vehicles and existing loans. FSA-2037 - Farm Business Plan - Balance Sheet. FSA-2037 Instructions.

  6. How to Create an Agricultural Business Plan

    Timeline and Milestones. Develop a timeline for your agricultural business's key milestones and achievements. This section should include: Example: Milestone Timeline: Year 1 - Acquire additional farmland; Year 2 - Expand greenhouse production; Year 3 - Launch an online farm-to-table store.

  7. Free Farm Business Plan Template

    An effective farm business plan should start with an executive summary of what your business plan will include. The rest of the business plan should speak to the goals and objectives, company history, the background of the owners and operators, products and services to be offered, target market, industry analysis, and projections for the first few years of operation.

  8. Farming Business Plan Template (2024)

    Writing a farming business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan: 1. Executive Summary. An executive summary is the first section of the business plan intended to provide an overview of the whole business plan. Generally, it is written after the entire ...

  9. Agriculture, Farm & Food Production Business Plans

    Agriculture or farming is the only industry consistently performing well, regardless of economic climate changes. Whether you plan to start farming, cannabis cultivation, a cattle farm, or nursery business, you'll do great as long as you do things right and have a solid business plan. This library of farm business plan examples here can ...

  10. 12: Business Plans

    Cornell Small Farms Program Online Course BF 202: Business Planning. The Cornell Small Farms Program offers 20+ online courses every year on many topics related to the production and business sides of farming. Most are taught by Cornell Cooperative Extension educators. BF 202 is a 6-week course that will guide you through the process of writing ...

  11. Agriculture Farm Business Plan Example [2024]

    Services. In agriculture service business plan, you should mention all the services and products that your farm will produce. In the business plan agriculture pdf and business plan for agriculture available online. You will find the services that farms offer. Our products include the following: Fruits.

  12. AgriBusiness planning

    The following components of an AgriBusiness Plan include: 1. Executive Summary. The purpose of the executive summary is to combine all the components of the business plan into its principal points in one summary document. It must cover the information in the report in enough detail such that the reader can quickly formulate a picture of the ...

  13. Agriculture Business Plan: Detailed Step-by-Step Guide

    Learn the essential elements of an agriculture business plan and secure success. Discover more! ... Over 60% to 70% of the Indian population relies on agriculture and related industries. Almost 52% of the labour force in the nation is employed in the agriculture industry. About 18.3% of India's GDP (2022-23) (Gross Domestic Product) is ...

  14. [Pdf Sample] Crop Farming Business Plan Docx

    The operational plan details the day-to-day activities and processes involved in running your crop farming business. Discuss land acquisition, equipment and machinery, crop rotation plans, irrigation systems, and pest control measures. Include a timeline of activities, from land preparation to harvesting, to ensure efficient operations ...

  15. PDF Writing a Farm Business Plan Introduction

    Writing a Farm Business Plan Introduction Writing a business plan for your farm can be an intimidating process to start, but it doesn't have to be overly complicated, depending on the main purpose of the business plan. Simply put, a business plan tells what your farm vision is and how you will make it happen. The goal of this Business Farm ...

  16. Agriculture Products & Retail Business Plans

    A good business plan will help any business thrive. Check out these sample business plans for farm supplies, plant nurseries, and other agricultural-related businesses. Then get started writing a business plan for your business. Explore our library of Agriculture Products & Retail Business Plan Templates and find inspiration for your own business.

  17. Agribusiness Planning: Providing Direction for Agricultural Firms

    In agriculture, especially agricultural production, the small compete directly with the large. Business planning will help firms of all sizes to better understand their relative positions in the agricultural industry. It will also help the owner to set goals and devise strategies for reaching those goals.

  18. Free downloadable business plan template

    We want to help make writing your business plan easier. The FCC business plan bundle was designed specifically for farm operations and anyone involved in Canadian agriculture. The bundle includes: Bundle includes: Word documents and pdfs. By accessing, downloading, and using the FCC Business Tool Template, you acknowledge and agree that any use ...

  19. PDF My Farm Business Plan

    The Farm Business Resilience Program is supporting farmers to build stronger, more productive agricultural businesses. DJPR_13999_0423 After completing your Farm Business Plan, have a go at prioritising your goals using the Action Plan template. The Action Plan template can be accessed on the Farm Business Resilience Program webpage:

  20. Agri Farming Business Plan

    The Agribusiness plan is a road map for a business. It describes the main functions of business operations, finance, management, and marketing. It must support the mission statement, objectives and goals set by the owners. A step by step guide to Agri farming business plan. A good business plan will help farm or food production businesses succeed.

  21. Discussing Key Resources and Risk Exposure in Your Farm Business Plan

    Developing a business plan for your farm helps align day-to-day operations with overarching business goals. In this article, we explore the importance of assessing current business resources and exposure to risk while creating a business plan. We provide discussion on risks to your business's key resources, a framework to evaluate the strength of your farm's resource base, and an outline ...

  22. Short-term outlook of agricultural markets: uncertainty remains a

    The spring 2024 edition of the short-term outlook report presents the latest trends and prospects for selected agri-food markets. ... EU farmers keep facing numerous challenges related to input costs which remain largely above pre-COVID levels despite a recent downward trend for some of them. EU fertiliser production continues to recover but ...

  23. Why NelNet Stock Is Popping Higher Today

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  24. How to Write an Agritourism Business Plan + Example Templates

    An agritourism business plan contains much of the same information you'd see for other industries. Here on Bplans, we've got a great guide already on how to write a traditional business plan. In this article, we'll look at how to write a business plan specifically for an agritourism business.

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  26. Cyberattack disrupts operations at major US health care network

    A February ransomware attack on a subsidiary of health care giant UnitedHealth Group caused billing disruptions at pharmacies across the US and threatened to put some health providers out of business.

  27. Raiffeisen Forced to Abandon Russian Plan After Regulators Balk

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  28. Settlement could cost NCAA nearly $3 billion; plan to pay athletes

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