Beginning Farmers

Farm Business Planning

Farm Business Planning is key to beginning farmer success.

It helps beginning farmers :

  • Plan for the economic sustainability of a new farm enterprise.
  • Obtain funding to purchase land, equipment and other resources from lending institutions, investors and/or grant making agencies.
  • Articulate what their farm will look like.

On this page, we compiled free farm business planning resources to help you understand what a formal business plan is, and how to start planning your farm business. Sections include:

  • Developing a Farm Business Plan
  • Enterprise Budgeting

Enterprise budget resources are included on the farm business planning page because such tools are usually essential in helping you to develop your business plan.

Planning your farm business involves more than is outlined on this page alone. You’ll probably also be interested in funding (loans/grants) , farm incorporation , and risk management . Our  starting a farm page is worth visiting first. Also, you might find the following article helpful, because it touches on many farm business planning topics: Farm Products, What to Charge: Marketing, Price, Calculating Costs, Strategy and Much More .

developing a farm plan

1. Developing a Farm Business Plan

A  business plan  is a decision making tool that takes the form of a formal document. It states your business goals, why you think you can achieve them, and lays out your plan for doing so. Farm business planning is also a process, not an end product. A business plan is a work in progress, which farm business owners or operators will want to revisit regularly. 

Planning and Funding Your Farm Business  from the Cornell University Small Farms Project has lots of important and useful farm business planning resources.

Rural Businesses  is a web and print publication from the Minnesota institute for Sustainable Agriculture (MISA).

Building a Business Plan for Your Farm: Important First Steps  is a 20 page farm business planning publication that discusses the initial steps to help you move toward writing a formal business plan.

The Center for Agroecology has a Small Farm Business Planning publication that goes over many of the basics in a step by step format.

Building a Sustainable Business: A Guide to Developing a Business Plan for Farms and Rural Businesses is a farm business planning publication available from SARE.

Do I need a Business Plan for my Farm? is a web resource from the New England Small Farm Institute. It’s a great place to get started.

AgPlan  from the University of Minnesota helps rural business owners develop a business plan for free, while also offering sample business plans for ideas, and a way to print or download your plan.

Developing a Farm Business Plan includes several helpful resources from the USDA National Agricultural Library’s Rural Information Center.

Organic Farm Business Planning Page  from North Carolina State University features a number of publications and links related to financial planing for organic farmers.

Agricultural Business Planning Templates and Resources   is an ATTRA publication most relevant to smaller-scale or alternative agricultural entrepreneurs.

Beginning Farmer and Rancher Resources offers comprehensive resources on Bookkeeping and Other Basics ; Cash Flow Budgeting and Managing Debt ; Small Farm and Ranch Income Taxes , and more.

Purdue University’s Center for Food and Agricultural Business  has educational resources to explore, such as the New Ventures in Food and Agriculture in Indiana , which offers business planning assistance.

Purdue University Cooperative Extension offers strategic farm business planning tools for commercial farm producers.

Penn State University College of Agricultural Sciences has many Business Planning tools and information.  Penn State Cooperative Extension has a Developing a Business Plan page. Penn State also has a Farm Business Plan Template that allows you to plug in your information and create a basic business plan.

The U.S. Small Business Administration  works with local partners to counsel, mentor and train small businesses. It is worth getting to know their programs and connect with your local office.

The Martindale Center Reference Desk has an extensive  compilation of links to calculators, applets, spreadsheets, courses, manuals, handbooks, simulations, animations, videos and more. Martindale’s Agriculture Center can be of great use to farmers making business plans.

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2. Enterprise Budgets

Enterprise budgets project costs and returns for a particular farm production practice. You can use enterprise budgets to make smart business management decisions, and to help you develop a viable business plan.

Enterprise Budgeting Tools of all sorts from the Agricultural Marketing Resource Center, including organic crop budgeting tools, many vegetable budgeting tools, the crop conversion tool for side-by-side crop comparisons, specialty crop and livestock budgets, hydroponics budgets, wind calculators, composting calculators, manure calculators, distillers grain budgets, biomass calculators and specialty foods calculators.

Introduction to Farm Planning Budgets for New and Beginning Farmers (Virginia Tech)

Importance and Use of Enterprise Budgets in Agriculture   (University of Nevada)

Enterprise Budgeting (Kerr Center)

Organic Specific Enterprise Budgets

  • Enterprise Budgets and Production Costs for Organic Production (ATTRA)
  • Organic Crop Production Enterprise Budgets and Information   (Iowa State)
  • Organic Enterprise Budget (Kansas Rural Center)

More Enterprise Budget Pages and Information

  • Enterprise Budgets List (Virginia Cooperative Extension)
  • Dairy Sheep Enterprise Budget (Center for Integrated Ag Systems, UW-Madison)
  • Crop Budgets (University of Maryland)
  • Farm Management Enterprise Budgets (Ohio State)
  • Alabama Enterprise Budget Summaries (Alabama A&M and Auburn) 
  • Start developing your business plan with the resources at   https://www.beginningfarmers.org/farm-business-planning/
  • You can find more gr eat farming resources at   https://www.beginningfarmers.org/additional-farming-resources/

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Cornell CALS - College of Agriculture and Life Sciences

12: Business Plans

What is a business plan.

A business plan is a document that helps you to organize and succinctly summarize the vision you have for your business. The plan contains the operational and financial objectives of a business, the detailed plans and budgets showing how the objectives are to be realized.

A good business plan will contain the following:

  • Your business vision, mission statement, key values, and goals
  • Description of the product(s) you intend to produce
  • Strengths, Weaknesses, Opportunities and Threats the business may experience are described
  • Production plans
  • Marketing plans
  • Estimated start-up costs
  • Information on your legal structure and management team
  • Current financial statements or projected financial statements.
  • Resume or brief explanation of your background and relevant experience
  • Less than 10 total pages so that people actually read it

Helpful Publications for Writing a Business Plan

General Business Resource Publications:

  • Starting an Ag-Business? A Pre-Planning Guide http://publications.dyson.cornell.edu/outreach/extensionpdf/2004/Cornell_AEM_eb0408.pdf
  • Business Transfer Guide: Junior Generation http://publications.dyson.cornell.edu/outreach/extensionpdf/2016/Cornell-Dyson-eb1605.pdf
  • Producing a Business Plan for Value-Added Agriculture http://publications.dyson.cornell.edu/outreach/extensionpdf/2007/Cornell_AEM_eb0708.pdf
  • Business Planning for the Agriculture Sector: A Guide to Business Plan Development for Start-up to Mid-size Operations http://publications.dyson.cornell.edu/outreach/extensionpdf/2010/Cornell_ pdf
  • Building a Sustainable Business (Sustainable Agricultural Research Education (SARE)Publications) sare.org/publications/business.htm 280 pages of education and practical exercises to guide you through the financial, management, and interpersonal skills needed to start a successful farm business. Order hard copy for $17 or download PDF online for free.

Cornell Cooperative Extension Publications for Specific Commodities:

  • Landscape Business Planning Guide http://publications.dyson.cornell.edu/outreach/extensionpdf/2003/Cornell_AEM_eb0313.pdf
  • Writing a Business Plan: A Guide for Small Premium Wineries http://publications.dyson.cornell.edu/outreach/extensionpdf/2002/Cornell_AEM_eb0206.pdf
  • Writing a Business Plan: An Example for a Small Premium Winery https://ageconsearch.umn.edu/bitstream/122203/2/Cornell_AEM_eb0207.pdf

Getting Help Writing a Business Plan

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Find your state/county's agriculture data and USDA resources on your farmers.gov Local Dashboard !

How to Start a Farm: Beginning Farmers and Ranchers

New to farming? Want to learn how to start a farm? USDA offers dedicated help to beginning farmers and ranchers. USDA considers anyone who has operated a farm or ranch for less than ten years to be a beginning farmer or rancher.

USDA can help you get started or grow your operation through a variety of programs and services, from farm loans to crop insurance, and conservation programs to disaster assistance.

On This Page

How to start a farm operation.

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Plan Your Farm Operation

1. Start here! Think about your operation from the ground up and start planning for your business.

Plan your farm

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Visit Your Service Center

2. Get in touch with your local Service Center to find programs to support your operation.

Visit A Service Center

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Fund Your Farm Operation

3. USDA has spent decades helping new producers find land and money for their businesses.

Fund your farm

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Build Your Business

4. Lean on USDA to help you build your operation with sound business and financial knowledge.

Build your Business

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Sell Your Farm Products

5. Explore everything about producing, marketing and actually selling your final product.

Sell your products

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Maintain Your Farm

6. Take care of your farm operation, and it will take care of you. USDA can help.

Maintain your farm

USDA Support for Beginning Farmers

From farm loans to crop insurance, and conservation programs to disaster assistance, USDA is here to support you and your operation.

Factsheet for Beginning Farmers

Coordinators and Service Centers

Beginning Farmer and Rancher Coordinators are USDA team members in each state that can help you understand the USDA process and find the right assistance as you are starting out. 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.

Your local USDA Service Center  has staff who can meet with you one-on-one to help you identify USDA programs that meet the needs of your operation, including farm loans and conservation assistance. Service center staff can guide you through the process of preparing and submitting required paperwork, with no need to hire a paid preparer. 

If you need information in a language other than English, we offer free translation services .

Self-service Options

After you've registered your farm and set up an individual customer record with your local USDA Service Center, you can  sign up for a secure farmers.gov account  to access a number of self-service features. For example, you can:

  • View loan information, history, and payments.
  • Get help requesting financial assistance.
  • View, upload, download and e-sign conservation documents.
  • Request conservation assistance.
  • View, print and export detailed farm records and farm/tract maps.

Read more about what you can do with a farmers.gov Account .

Tools on Farmers.gov

Learn about conservation issues and build a list of concerns to discuss with a local USDA conservation specialist.

Learn about USDA disaster assistance programs that might be right for you by completing five simple steps.

Answer a few short questions to learn about USDA farm loans that might be right for you.

Get Involved

In addition to our farm programs, there are many leadership opportunities for beginning farmers to contribute their voices and experience. Through USDA, you can take advantage of several key opportunities like committee elections, research and promotion programs, and federal advisory committees. 

Connect with your agricultural community

Additional Resources

  • Farmers.gov Blog: Beginning Farmers
  • Have a Question? AskUSDA
  • Get Started! A Guide to USDA Resources for Historically Underserved Farmers and Ranchers
  • USDA Small and Mid-sized Farmer Resources
  • USDA CARES Partner Portal – Resources for underserved farmers, ranchers, and landowners and partners who work with them
  • September 13, 2023:  Ask the Expert: Beginning Farmer and Rancher Q&A with Lindsey Abentroth
  • November 9, 2020: Blog: USDA Service Centers Provide Free, One-on-One Help for Farmers
  • October 28, 2020: USDA’s Support for Beginning Farmers and Ranchers
  • April 24, 2020 Blog: Ask the Expert: Beginning Farmer and Rancher Q&A with Sarah Campbell

Beginning Farmers Blog Posts

Ask the expert: beginning farmer and rancher q&a with lindsey abentroth, fridays on the farm: from veteran to beginning farmer, farmers.gov dashboard pilot: a gateway into farmer-focused data and information, usda’s support for beginning farmers and ranchers, ask the expert: new to farming because of the pandemic q&a with anne stephens, ask the expert: veterans transitioning to production agriculture q&a with chris groskreutz, ask the expert: beginning farmer and rancher q&a with sarah campbell, new farmers.gov feature enables usda customers to manage farm loans online, 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.

Details of a Small Farm Business Plan

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Writing a farm business plan can be a tool for you to plan your farming business. It can also be a requirement of securing grants and loans for your farm business. The process of writing a farm business plan may seem overwhelming and intimidating at first, but if you break it down into its component steps, it becomes much more manageable.

What Is a Business Plan?

A business plan is a roadmap for your small farm . It is both process and product. During the writing of a farm business plan, you'll develop an overall vision and mission for your business. You will think about your short- and long-term goals. You'll define the steps needed to achieve those goals. You'll set the direction for your business to develop over the next five years.

If you're already an established business, your new business plan will show where you're going next. A good business plan should be:

Mission Statement

Your farm’s mission statement is your overarching purpose for your business:

  • Why does your farm exist?
  • What purpose does your farm serve?
  • Where is your farm headed?

This is beyond “make money.” This mission statement is based on your values and your core identity as a small farm.

The goals in your business plan are the specific, measurable “things” you will achieve with your small farm. Short-term goals are defined as those that you will complete within one year. Long-term goals are those that take longer than one year to complete.

SMART Goals are:

  • Rewarding, and have a

Background Information

In this section of your business plan, take inventory of what you have right now:

  • Where are you located?
  • How many acres of land are you farming?
  • When did you begin farming?
  • How are you currently operating?
  • What general practices do you use for such things as conservation, tillage, environmental impact, and marketing?

Farm Strategy

This is where your business plan gets to looking forward. You are going to formulate your farm strategy from now into the next five years or so.

  • Gather information and research markets. Make sure that your farm plan fits into the general market in terms of supply and demand. Investigate and analyze industry trends, identify competitors, and define buyers.
  • SWOT Analysis. This is an analytical tool that can be used in making decisions. SWOT stands for: strengths, weaknesses, opportunities, and threats. As a business, analyze your internal strengths and weaknesses. Then look externally at what opportunities and threats exist - competitors, new markets, government regulations, economic conditions, and so forth.
  • Create alternative strategies. Looking at the information you've gleaned and the analysis you just did, think through options for your farm strategy. Don't rely on price alone; economies of scale are challenging on the small farm level.
  • Don't jump to one conclusion immediately. Really spend some time fleshing out the specifics of some of the strategies and looking at their advantages and disadvantages. Try to find options that combine your internal strengths with opportunities in the external environment.
  • Look at all your strategies, then reread your mission statement. The ideal farm plan will fit your mission best.
  • Write an implementation plan. This is where you write a plan that will make your new strategy happen.

Marketing Strategy and Plan

In the next part of your farm business plan, you develop and outline a marketing strategy for your products and services. This can build on the research you did in the previous step. For each product, include ​the price, placement, and promotion ideas. Consider how you will convey real and perceived value to your customers.

Management Summary

This part of your business plan details your farm business’ structure. Everyone who is involved in the management of the business should be listed here. External resources are listed here as well.

Financial Analysis

In this section, you will need to detail the financial aspect of your farming operation. List your current finances in detail, including all income and operating expenses. Referring to your new strategy, you will forecast what is needed for future growth and to meet the goals you have outlined in terms of capital. Include what your future operating expenses will be.

Pulling It All Together

Writing a farm business plan is a big project. Don’t let that put you off. Your plan can be as simple as it needs to be for right now. Begin with your mission statement and goals. Do your homework by analyzing markets and researching competitors and trends. Have fun brainstorming alternative strategies and let them marinate a while. Take it one step at a time.

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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 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

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.

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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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Farm Business Plan Template

Written by Dave Lavinsky

Business Plan Outline

  • Farm Business Plan Home
  • 1. Executive Summary
  • 2. Company Overview
  • 3. Industry Analysis
  • 4. Customer Analysis
  • 5. Competitive Analysis
  • 6. Marketing Plan
  • 7. Operations Plan
  • 8. Management Team
  • 9. Financial Plan

Farm Business Plan

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

We have helped over 5,000 entrepreneurs and business owners create business plans and many have used them to start or grow their farms.

Below are links to each section of a sample farm business plan template. It can be used to create a vegetable farm business plan, fruit farm business plan, agriculture farm business plans or many other type of farm businesses.

1. Executive Summary 2. Company Overview 3. Industry Analysis 4. Customer Analysis 5. Competitive Analysis 6. Marketing Plan 7. Operations Plan 8. Management Team 9. Financial Plan

Next Section: Executive Summary >

Farm Business Plan FAQs

What is a farm business plan.

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

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

What Are the Main Types of Farms?

There are many types of farms. Some have commercial farms that produce crops and agricultural products for sale. Others have cooperative farms owned by people who pool their resources together and share profits among themselves. There are also vegetable farms, dairy, micro, organic, poultry, subsistence, or urban farms.

What Are the Main Sources of Revenues and Expenses for a Farm?

The primary source of revenue for a farm is the sale of its farmed goods such as rice, corn, milk, beef, chicken, depending on the kind of farm a business is.

Some key expenses for a farm are labor expenses, production costs like irrigation, fertilizer, water, and machinery maintenance.

How Do You Get Funding for Your Farm Business Plan?

Farm business plans often receive funding from bank loans. Financing is also typically available from grants offered by local and state governments. Personal savings, credit card financing and angel investors are other funding options. This is true for starting a farm business plan, vegetable farm business plan or an agricultural business plan template.

What are the Steps To Start a Farm Business?

Starting a farm 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 A Farm Business Plan - The first step in starting a business is to create a detailed farm 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.  It should also include your business goals and mission statement. You can quickly complete your farm business plan using our Farm Business Plan Template here .

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your farm 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 farm business is in compliance with local laws.

3. Register Your Farm Business - Once you have chosen a legal structure, the next step is to register your farm 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 farm 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 Farm Equipment & Supplies - In order to start your farm 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 farm 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. 

Learn more about how to start a successful farm business and farm business planning:

  • How to Start a Farm Business

Where Can I Get a Farm Business Plan PDF?

You can download our free farm business plan template PDF here . This is a sample farm business plan template you can use in PDF format.

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11 Steps to a Whole-Farm Plan

A broad-based operating plan helps your family stay on course.

It's no insurance against setbacks, but having a whole-farm plan in place can help your family stay on course when difficulties unfold.

"It's often tough to communicate as a family because you tend to focus so much on the day-to-day business operations of producing a commodity," says David Marrison, Ohio State University agriculture-natural resources Extension educator.

"Having a whole-farm business plan in place helps you stay true to your vision and the mission of the operation," he says. "It helps you stay on course and not get lost in the weeds of not having a plan, especially when you're facing big stressors like crop failures or tractor engines going down."

A whole-farm plan encompasses the breadth and width of your farm family's business. "You might say it gives a perspective of the operation from a distance of 30,000 feet, as opposed to a view from 10 feet away," says Marrison.

A whole-farm plan addresses a broad spectrum of components, such as family values and goals, a business analysis and business goals, a business plan, retirement plan, transition plan, estate plan, and investment plan.

"The parts of the whole-farm plan are like spokes in a wheel. All need to work together in harmony for the long-term success of the operation, and all play a role in keeping it operating into the future," he says.

The writing of a broad-based plan begins, of course, with the holding of family business meetings. Before the actual writing of the plan begins, the topics of the meetings might facilitate a process of taking stock of the family, individual assets and goals, and resources and goals of the business.

Marrison suggests taking the following 11 steps to write a whole-farm plan.

1. Take stock of the family.

Look at the history of your family and its farm, and identify family values and family goals.

"It is valuable for the business to begin the planning process by reflecting on family and farm history," he says. "Valuable lessons can be learned by all the generations involved by examining past successes and disappointments. The underlying values and goals of the family unit should also be determined. While these values and goals often remain unspoken, they have a large impact on how family members treat each other and employees, and how they make business decisions."

2. Assess individuals' goals, strengths, and also weaknesses.

"Each member of the farm business should conduct a self-assessment of his or her communication, financial, production, marketing, and management skills," says Marrison. "This is particularly important when bringing generations back to the farm."

This process helps your family determine the areas of responsibility to be allocated to each person. A lack of skill or experience in certain areas could suggest outsourcing some jobs. Or, it could suggest a need for additional education or training.

"You should always be looking at ways to help family members and employees improve their skills and strengths," says Marrison.

3. Analyze the business and set business goals.

A business analysis takes stock of available land, labor, capital, management resources, profitability, business structure, operating procedures, and employee management.

"After taking a snapshot of where the farm business is currently, the family business team should develop key goals for the future," says Marrison. "It is important that each individual share his or her individual goals and skill-set assessments with the other members of the business during this process. Members can then work together to determine the responsibilities of each team member and to develop goals."

4. Write a mission statement.

"A mission statement is a short statement describing the fundamental reason for the business to exist," he says. "It identifies the underlying values that are going to push your family and the business forward."

5. Write a business plan.

The previous steps comprise an internal analysis that can be used to develop plans encompassing the diverse areas of your farm's operation.

"A business plan helps your family develop a plan of action for production and operation practices," says Marrison. "It also helps develop plans for the financial, marketing, personnel, and risk-management sectors of the business."

This analysis could also examine the strengths, weaknesses, opportunities, and threats in each of these areas.

6. Plan for retirement.

This plan identifies retirees' needs and the role the farm plays in meeting these. "Retirement plans should be established early for all members of the business," says Marrison. "The profitability of your farm should be such that a family member can retire and not adversely affect the financial position of the business."

7. Plan a transition strategy.

This describes how your farm will be transferred to the next generation. It encompasses both the transfer of assets and the transfer of managerial control. It describes how the retiring generation will transfer their knowledge to the younger generation, and how and when managerial responsibilities will be transferred.

8. Make an estate plan.

"Farm estate planning determines how your farm's assets will be distributed upon the death of the principal operators," he says.

9. Outline an investment plan.

Investments vary widely by family and farm, typically comprising land, machinery, and livestock. Others have off-farm investments also. Determine how these investments affect future needs.

10. Set goals in all areas.

"Setting goals establishes a plan of action for each area of business activity," says Marrison. "Set measurable goals that are short, mid, and long term. At monthly family meetings, you can look back at the goals you set in each major area of planning. Reviewing goals keeps them in focus, even though you might not be able to act on them until a future date."

11. Plan for the unexpected.

In each planning area, work into the plan a what-if scenario. "Look at what unexpected things could happen," he says. "Having conversations about those what-if circumstances no one wants to think about could help you stay on target and not get stressed when bad things happen."

In sum, says Marrison, "By implementing a whole-farm approach to business planning, your farm family can be ready to face the future with confidence."

David Marrison | 440/576-9008 [email protected]

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Agriculture Farm Business Plan Example

JUL.25, 2013

agriculture farm business plan

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.

Agriculture Bussines Plan - 3 Years Profit Forecast

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.

Agriculture Bussines Plan - Startup Cost

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

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:

Agriculture Bussines Plan - Marketing Segmentation

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

Agriculture Bussines Plan- Sales Monthly

6.4 Sales Yearly

Agriculture Bussines Plan - Sales Yearly

6.5 Sales Forecast

Agriculture Bussines Plan - Unit Sales

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.

Agriculture Bussines Plan - Break-even Analysis

8.3 Projected Profit and Loss

8.3.1 profit monthly.

Agriculture Bussines Plan - Profit Monthly

8.3.2 Profit Yearly

Agriculture Bussines Plan - Profit Yearly

8.3.3 Gross Margin Monthly

Agriculture Bussines Plan - Gross Margin Monthly

8.3.4 Gross Margin Yearly

Agriculture Bussines Plan - Gross Margin Yearly

8.4 Projected Cash Flow

Agriculture Bussines Plan - 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

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farm and agriculture business plan

Cultivating Success with a Comprehensive Farm Business Plan

Farm business planning involves outlining the goals, strategies, and financial projections for an agricultural operation. It serves as a roadmap that guides farmers in making informed decisions, managing resources effectively, and adapting to changing market conditions. A well-crafted farm business plan provides a clear direction for the farm’s future, enabling farmers to identify potential risks, capitalize on opportunities, and secure financing from lenders or investors.

Importance of a Farm Business Plan

Executive summary, description of the farm, market analysis, products and services, marketing and sales strategy, operational plan, financial projections, risk management, 1. define your goals and objectives, 2. conduct market research, 3. assess resources and infrastructure, 4. develop marketing strategies, 5. outline operational processes, 6. create financial projections, 7. evaluate and refine the plan, benefits of a well-developed farm business plan, uncertain market conditions, climate and environmental factors, access to capital and funding, examples of successful farm business plans, why is a farm business plan necessary, how long does it take to create a farm business plan, can i use a template for my farm business plan, what should be included in the financial projections, how often should a farm business plan be updated, how do i start a farm business plan and find a farm business plan sample.

Having a farm business plan is crucial for several reasons. Firstly, it helps farmers clarify their vision and set realistic goals for their agricultural enterprise. By clearly defining their objectives, farmers can focus their efforts on areas that contribute to their long-term success. Secondly, a farm business plan facilitates effective communication and collaboration with stakeholders such as partners, employees, and financial institutions . It ensures that everyone involved understands the farm’s mission, strategies, and financial expectations.

Furthermore, a business plan for farms enables farmers to identify potential risks and develop strategies to mitigate them. By conducting a thorough market analysis, farmers can anticipate market trends, assess consumer demands, and identify potential competitors. This information allows them to tailor their products and marketing strategies to meet the needs of their target audience effectively. Additionally, a farm business plan helps farmers plan their operational processes, including production schedules, supply chain management, and quality control, ensuring efficiency and productivity.

Key Components of a Comprehensive Farm Business Plan

Break down the essential sections that make up a comprehensive farm business plan. Provide an overview of each component and explain their significance in convincing investors.

farm business plan

The executive summary is a concise overview of the entire farm business plan. It provides a snapshot of the farm’s mission, goals, strategies, and financial projections. This section should be compelling enough to capture the reader’s attention and generate interest in the rest of the plan.

In this section, you will provide detailed information about your farm, including its location, size, infrastructure, and history. Describe the type of farming you engage in (crop cultivation, livestock production, organic farming, etc.) and highlight any unique selling points or competitive advantages your farm possesses.

Conducting a thorough market analysis is crucial to understanding the demand and competition in your target market. Identify your target customers, analyze their preferences and purchasing power, and evaluate the market trends that may affect your farm’s operations.

Detail the range of products and services your farm offers. Include information about the specific crops or livestock you produce, their quality, and any value-added products or services you provide, such as organic certification or agritourism activities.

Outline your marketing and sales strategies for promoting and selling your farm products. Identify the channels you will use to reach your target customers, such as direct sales, farmers’ markets, online platforms, or partnerships with local restaurants or grocery stores.

In this section, explain how you will manage the day-to-day operations of your farm. Outline the production processes, equipment and machinery required, labor needs, and any other relevant operational considerations.

Develop comprehensive financial projections for your farm business. Include information on the initial investment required, projected revenue and expenses, cash flow statements, and profitability forecasts. This section will help you assess the financial viability of your farm and attract potential investors or lenders.

Identify the potential risks and challenges your farm may face, such as weather-related events, disease outbreaks, or market fluctuations. Describe the strategies and contingency plans you will put in place to mitigate these risks and ensure the continuity of your farm’s operations.

Steps to Create a Farm Business Plan

Creating a farm business plan may seem overwhelming, but breaking it down into manageable steps can simplify the process. Follow these steps to develop a comprehensive and effective farm business plan:

Start by clarifying your long-term goals and objectives for your farm. What do you want to achieve in terms of profitability, sustainability, and growth? Having a clear vision will guide your decision-making throughout the planning process.

Thoroughly research your target market to identify consumer demands, market trends, and potential competitors. This information will help you tailor your products and marketing strategies to meet the needs of your customers effectively.

Evaluate the resources and infrastructure available on your farm. Consider factors such as land availability, water sources, equipment, storage facilities, and labor availability. Assessing these resources will help you determine the scale and type of farming practices you can undertake.

Based on your market research, develop a comprehensive marketing strategy that outlines how you will promote and sell your farm products. Consider different marketing channels, such as online platforms, farmers’ markets, community-supported agriculture (CSA) programs, or direct sales to local businesses.

Describe the day-to-day operational processes required to run your farm. Include details about cultivation techniques, livestock management practices, quality control measures, and supply chain management. Consider any necessary certifications or licenses required for your specific farming practices.

Develop realistic financial projections for your farm business. Calculate the initial investment required, projected revenue streams, and anticipated expenses. Consider factors such as production costs, marketing expenses, equipment maintenance, and labor costs. Regularly monitor and update these projections to track your farm’s financial performance.

Review and refine your farm business plan regularly. Seek feedback from trusted advisors, industry experts, or experienced farmers. Continuously monitor market trends and make adjustments to your strategies and projections accordingly.

A well-developed farm business plan offers several benefits:

Guidance and Direction : A farm business plan provides a roadmap for your farm’s operations, helping you make informed decisions and stay focused on your goals.

Effective Communication : It facilitates communication and collaboration with stakeholders, including partners, employees, lenders, and investors, ensuring everyone is aligned with the farm’s vision and objectives.

Risk Mitigation : By identifying potential risks and developing contingency plans, a farm business plan helps you proactively manage risks and navigate unforeseen challenges.

Opportunity Identification : A thorough market analysis and competitive assessment enable you to identify emerging trends and opportunities in your target market, allowing you to adapt and seize new business prospects.

Financial Planning and Investment : A well-crafted financial projection helps you understand the financial feasibility of your farm business, attract potential investors or lenders, and secure the necessary funding for your operations.

Operational Efficiency : By outlining your operational processes, a farm business plan enables you to streamline your operations, improve productivity, and optimize resource allocation.

Long-Term Sustainability : A farm business plan encourages sustainable farming practices, ensuring the long-term viability of your agricultural enterprise while minimizing environmental impact.

Challenges in Farm Business Planning

While developing a farm business plan, farmers may encounter several challenges. It’s important to be aware of these challenges and develop strategies to overcome them:

Agricultural markets can be volatile, with unpredictable price fluctuations and changing consumer preferences. Farmers must stay updated on market trends, consumer demands, and potential disruptions to make informed decisions and adjust their strategies accordingly.

Farmers are highly dependent on weather conditions and environmental factors, such as rainfall, temperature, and soil quality. Climate change and extreme weather events can significantly impact crop yields, livestock health, and overall farm productivity. It’s important to incorporate climate resilience strategies into your farm business plan.

Securing adequate financing for farm operations can be challenging, especially for small-scale or new farmers. Limited access to capital and funding sources may restrict the implementation of growth strategies or necessary investments in equipment, infrastructure, or technology. Exploring alternative funding options, such as grants, loans, or partnerships, can help overcome this challenge.

Looking at examples of successful farm business plans can provide valuable insights and inspiration for your own planning process. Take the time to study the approaches and strategies adopted by established farmers in your industry or region. Understand their marketing tactics, operational processes, and financial management techniques, and adapt them to suit your own farm’s unique circumstances and goals.

Ready to Create a Solid Farm Business Plan? Get Started Today!

Creating a well-crafted farm business plan is crucial for the success and sustainability of your agricultural venture. Whether you’re a small-scale farmer, a family-run farm, or an aspiring agribusiness entrepreneur, our team at Easy Capraise is here to help. We specialize in assisting businesses like yours in finding investors and securing the capital raising you need to bring your farm business to new heights.

Don’t miss out on the opportunity to maximize your farm’s potential. Contact us today and let our experts guide you through the process of creating a comprehensive farm business plan that will attract investors and set you on the path to success.

A farm business plan provides a roadmap for your farm’s operations, helping you set goals, make informed decisions, secure funding, and adapt to market conditions.

The time required to create a farm business plan depends on various factors, such as the farm’s complexity and your familiarity with the planning process. It can range from several weeks to a few months.

Using a template as a starting point can be helpful, but ensure that you customize it to reflect your specific farm’s goals, strategies, and financial projections.

Financial projections should include initial investment requirements, projected revenue streams, anticipated expenses, and cash flow statements. It’s crucial to regularly monitor and update these projections to track your farm’s financial performance.

A farm business plan should be regularly reviewed and updated, at least annually or whenever significant changes occur in your farm’s operations, market conditions, or financial situation.

Here’s a guide on how to start a farm business and where to find a sample farm business plan: Identify your farm’s purpose and goals: Determine the type of farming you want to engage in and the specific goals you wish to achieve. This could include crop farming, livestock production, organic farming, or specialized farming practices. Conduct thorough market research: Understand the demand and market potential for your chosen farming niche. Identify your target market, competitors, pricing trends, and any regulatory requirements specific to your area. Determine your farm’s resources: Assess the resources you have available, such as land, capital, equipment, and labor. Determine if you need to acquire additional resources or secure financing for your farm business. Develop a farm business plan: Create a comprehensive business plan that outlines your farm’s mission, vision, and strategies. Include sections on market analysis, production methods, operational plans, marketing and sales strategies, financial projections, and risk management. Seek out sample farm business plans: There are various resources where you can find sample farm business plans to use as templates or references. Consider the following options: a. Online resources: Many agricultural organizations, government agencies, and agricultural universities provide sample farm business plans on their websites. Search for “sample farm business plan” and explore the available resources. b. Local agricultural extension offices: Visit your local agricultural extension office or cooperative extension service. They often have resources, workshops, and sample farm business plans tailored to your specific region.

Seek professional advice: If you need guidance in developing your farm business plan or need assistance customizing a sample plan, consider reaching out to Easycapraise.com.

Developing a comprehensive farm business plan is a vital step toward the success and sustainability of your agricultural venture. By outlining your goals, conducting thorough market research, assessing resources, and creating financial projections, you can create a roadmap that guides your farm’s operations and positions you for long-term success. Remember to regularly review and update your plan to adapt to changing market conditions and seize new opportunities. With a well-developed farm business plan in hand, you can navigate the challenges of the agricultural industry and achieve your desired outcomes.

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How to Write a Farming Business Plan: Template and Guide

americanfarmfi

May 22, 2023

farm and agriculture business plan

Starting and running a successful farming business requires careful planning and strategic decision-making. One essential tool that every farmer should have is a well-crafted farming business plan. A comprehensive business plan serves as a roadmap for your agricultural venture, guiding you through the various stages of development and ensuring that you stay focused on your goals. We will provide you with a step-by-step guide on how to write an effective farming business plan and start you off with a template. 

Overview of a Farming Business Plan

Before diving into the specifics, let’s take a moment to understand what a farming & agriculture business plan entails. Essentially, a farm business plan is a written document that outlines your farming objectives, strategies, and financial forecasts. It serves as a blueprint for your farm’s operations, helping you make informed decisions and communicate your vision to potential investors, lenders, or partners.

The Purpose of a Farming Business Plan

The farming business plan is going to define and communicate your farm’s mission and goals. It helps provide a clear direction for your operations, resources, and ensures that everyone involved in the business is on the same page. Additionally, a well-crafted business plan is often required when seeking financing or partnerships. Lenders and investors use it to evaluate the viability and profitability of your farming venture.  

Key Elements of a Farming Business Plan

Let’s explore the elements that make up the Farming Business Plan. 

Executive Summary

The executive summary is a brief overview of your entire plan. It should summarize your farm’s mission, goals, target market, and competitive advantage. While it appears at the beginning of your plan, it is often written last to ensure that it accurately reflects the content of the document.

Market Analysis

A thorough market analysis is crucial for understanding your target market, identifying potential customers, and evaluating your competition. This section should provide detailed information about market trends, customer demographics, and demand for your products or services. Conducting market research and gathering data from reliable sources will strengthen the credibility of your analysis.

Products and Services

In this section, describe the specific products or services your new farm will offer. Provide details about their features, benefits, and how they meet the needs of your target market. Discuss any unique selling points or competitive advantages that set your offerings apart from others in the industry.

Marketing and Sales

Outline the strategies for promoting and selling farm products. Explain how you plan to promote your farm and reach your target market. Include information about your pricing strategy, distribution channels, and any partnerships or collaborations that may enhance your marketing efforts. Developing a comprehensive marketing plan will help you attract customers and generate sales. 

Describe the operational processes and workflows involved in running the farm, including land preparation, planting, harvesting, livestock care, and post-harvest handling. Highlight the management structure, key personnel, and their roles and responsibilities.

Financial Plan

The financial plans are a critical component of your farming business plan as it demonstrates the financial viability and sustainability of your farm. It should include projected income statements, cash flow statements, and balance sheets for the next three to five years. Additionally, outline your funding requirements and any existing or potential sources of financing. 

American Farm Financing offers many financing options to fit your needs: operating loans, cash rent loans, farm mortgages, refinances, and equipment loans. See all AFF loan options .

Setting Financial Goals

Forecasting expenses is critical when starting a farming operation. List out the main buckets of expenses (inputs, machinery, labor, land, interest, and consulting services). Where possible, get pricing quotes to formalize your expenses as much as possible for what you would like to grow.

After you’ve forecasted expenses, you can set a goal for how much profit, or margin, you intend to make. Use futures sales prices to project what you can sell your crop for. The difference between your sales price and your expenses will become your profit. Ensure that this income matches your expectations and can cover any personal expenses you hope the money will be used for.

While a one-year operating plan is critical to get started, remember that farming is a long-term pursuit. Depending on how many upfront expenses you need to make, it may take multiple farming seasons to turn a significant profit. 

Conducting Market Research

Before you can develop a solid business plan for a farm, it is essential to conduct detailed market research. Conduct an analysis of the target market, including its size, growth potential, and trends. Identify the target customers, their needs, preferences, and buying behavior. This assessment will allow you to be an expert on the market and differentiate you from the rest of the competition. 

Writing a Farming Business Plan

Now that we have covered the key elements of a farming business plan, let’s dive into the process of writing one.

Creating a Timeline for Implementation

This timeline can be as specific to your needs as possible. You want to make sure that every necessary box is checked before launching your farming operation. This is a suggested timeline for implementing your plan, but coordinate as you see fit and adapt to things that may pop up:

Preparation: 1-6 Months 

  • Complete all sections of the farming business plan, including market analysis, financial projections, and operational strategies.
  • Seek funding options, such as loans, grants, or investors, and secure the necessary financing for your farming venture.
  • Identify suitable land for your farm and negotiate the purchase or lease agreement.
  • Conduct necessary soil testing and prepare the land for farming activities.
  • Source and purchase farming equipment, machinery, and inputs (seeds, fertilizers, livestock, etc.) required for your chosen agricultural activities.
  • Hire key personnel, such as farm managers, laborers, and administrative staff, as per your business plan’s organizational structure.
  • Establish relationships with suppliers and vendors to ensure a steady supply of inputs.

Operations: 6-12 Months

  • Initiate planting or livestock management based on the farming plan.
  • Implement appropriate cultivation techniques, crop rotation, or livestock management practices.
  • Monitor and adjust farming operations to optimize production.
  • Develop marketing strategies to promote farm products to target customers.
  • Implement sales channels, such as direct sales, farmers’ markets, online platforms, or partnerships with retailers or small restaurants.

Below is a helpful template from fsa.usda.gov to get you started. Download your farming business plan template here.

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The importance of strategic planning for farmers and ranchers.

Men look at phone in front of grain silos

“God will not suffer man to have a knowledge of things to come; for if man had a foresight of his prosperity, he would be careless; and if he had an understanding of his adversity he would be despairing.”  This quote by St. Augustine contains the essence of why managers plan. The future is uncertain, and planning is a process for developing a stratagem for taking an offensive position regarding the future.

Planning, or more specifically, strategic planning, is a process of defining long-term goals and objectives of an organization and determining the best course of action to achieve them. It involves such steps as defining the current situation, identifying strengths, weaknesses, opportunities, and threats, and developing a plan of action to take advantage of opportunities and overcome challenges. Parsons (2018) outlined six key components of a business plan and why a farm or ranch should make the effort to develop a business plan (Parsons, 2015).

In this Center for Agricultural Profitability article , CAP Director Larry Van Tassell discusses two steps that make planning strategic: defining the mission of the business, and assessing the external environment and its implications for the farm business.

Read the full article

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‘America is a factory farming nation’: key takeaways from US agriculture census

Small farms and Black farmers are going out of business, while corporate-controlled farms are booming, raking in subsidies

R ecord numbers of US farms are going out of business with small farms and Black farmers the hardest hit – again, according to the 2022 agriculture census, a comprehensive snapshot of the state of America’s farms and farmers published every five years by the Department of Agriculture (USDA). Yet industrial factory farms rearing thousands of livestock in confinement have further expanded into rural America, acquiring smaller farms, raking in taxpayer subsidies and generating environmental harms.

The agriculture census is a mammoth data collection effort involving more than a million farmers, which tracks the number, size and types of farm across sectors, as well as the farmers and the financials – at the national, state and county levels. It provides insights into the impact – good and bad – of government programs on farmers, workers, land use, animals, waterways and the climate, and should inform future policy. The latest data set includes the Covid pandemic – an extraordinary time when global food prices, government farm subsidies and food insecurity all surged.

There is a lot to digest in the 700-page report, but here are some of the key takeaways:

The number of farms and quantity of farmland continues to decline steeply – but mega farms are thriving

The number of farms fell 7% over the past five years to 1.9m – compared with a peak of almost 7m in the mid-1930s, and 2.2m in 2000. Around 20m acres of farmland were lost over the same period, as fields made way for urban sprawl, solar farms and other industrial development.

The decline is by no means steady across the board. The steepest decline – 17% – was among the smallest farms with less than 10 acres. The US globalized agricultural system favors large and corporate-owned operations, as smaller farms struggle more with boom and bust prices, extreme weather linked to the climate crisis and access to government subsidies and other credit.

Large farms – which includes mega operations with hundreds of thousands of acres – account for only 4% of the total number of farms, but control two-thirds of US agricultural land. The largest – with sales of $5m or more – accounted for fewer than 1% of all farms but 42% of all sales. The consolidation of American agriculture continues, despite a commitment by the USDA secretary, Tom Vilsack, a former big dairy executive, to shore up small and midsize farm operations.

Another steep decline in Black farmers

The number of Black farmers fell by 8% in the past five years, the largest decline among all ethnic and racial groups. This is another setback for Black farmers, who have been forced out of agriculture by decades of discriminatory USDA policies that systematically denied them access to low-interest loans, grants and other assistance. The number of Black farmers has dropped from a peak of almost 1m in 1910 to 41,807 in 2022.

It’s perhaps too early to judge the Biden administration, which has enacted policies aimed at helping Black and other “underserved” farmers, but so far Black farmers have little to cheer. The white domination among farmers has grown from 89% in 2017 to 95% in 2022.

In some good news, the number of Hawaiian and Pacific Islander farmers increased by 13%, with a whopping 50% (1,509 in 2022 compared with 1,007 in 2017) rise in new producers. This may partly reflect a resurgence in Native Hawaiian farming practices and the land back movement.

Climate smart agriculture and conservation remain rare among American farmers – despite government programs

The number of farms enrolled in USDA conservation programs that pay farmers to leave environmentally important areas such as wetlands fell by 7% between 2017 and 2022. Smaller farms saw the steepest decline, which is likely due to high commodity prices on the global market that offered short-term economic gains, according to Anne Schechinger from the Environmental Working Group (EWG). Increasing financial support – USDA rents – for long-term conservation projects such as 30-year wetland preservation could attract more farmers and would maximize climate and environmental benefits, said Schechinger.

An incentives scheme to encourage cover crops – a regenerative agro-ecology technique that helps reduce synthetic fertilizer use, improves soil health and conserves water – shows mixed results. The number of farms enrolled in the program has stagnated at around 153,000, but there was a 17% rise in cover crops overall, which was mostly down to larger farms planting more nutrient rich cover crops between growing periods for cash crops.

Large farms and corporations benefit most from taxpayer dollars

Government payments to farmers rose 17% since the last agriculture census to $10.4bn – thanks in large part to Covid era subsidies, which boosted income for some farmers to record levels between 2020 and 2022. But the number of farms receiving taxpayer subsidies fell dramatically by 25%, and it was the larger, wealthier – not struggling small farms – that benefited most. Farms with the highest sales (at least $50,000) received 64% of the total subsidies – despite accounting for only 11% of the beneficiaries. The smallest farms account for almost half (48%) of those that got some financial assistance, but only 4% of the total money.

America’s industrial agriculture complex is raising more animals on factory farms than ever before

In the past five years, the US lost 34% of dairy farms, 9% of hog farms and 7% of beef cattle farms but the livestock numbers stayed more or less constant. That means fewer, but much larger, concentrated lots – which are linked to an array of harms including water and air pollution, poor animal welfare, labor abuses and climate impacts. As it stands, 1.7 billion animals – mostly pigs, cattle, chickens and sheep – were reared on US factory farms in 2022 – a 6% increase since the last census in 2017 and a 47% rise since 2002. This includes 7,406 chicken farms with half a million of more birds in 2022 – a 17% rise in the past decade.

According to analysis by Food and Water Watch (FWW), 24,000 factory farms are producing a staggering 940bn lb of manure each year – double the amount of sewage produced by the entire US population. This is 52bn lb more greenhouse gas emitting concentrated manure than in 2017, the equivalent to creating a new city of 39 million habitants in the past five years.

Small and medium dairy farms have fared worst. Almost 7 million dairy cattle – 75% of the total – are now reared in confinement on factory farms, each with 2,000 or more cows. “As industrial confinements drive family-scale farmers off their land … the benefits flow to private coffers while our communities and environment are left holding the bag,” said Amanda Starbuck, FWW research director.

“America today is truly a factory farming nation.”

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Canadian farm sector income expected to reach new records

From: Agriculture and Agri-Food Canada

News release

Agriculture and Agri-Food Canada has completed its farm income forecast for 2023 and 2024, with results showing that overall Canadian farm income is expected to have reached a new record in 2023.

February 16, 2024 – Ottawa, Ontario – Agriculture and Agri-Food Canada

The agriculture sector continued to show very strong overall economic performance in 2023, despite numerous challenges, including droughts in western Canada and other extreme weather events, Russia’s continuing war on Ukraine, and other global conflicts. While every farm is unique and will have experienced the last year differently, this continued growth of overall farm income shows that despite the uncertainty and volatility of the past year, the sector remains resilient.

For 2023, Net Cash Income (NCI), the main metric Agriculture and Agri-Food Canada uses to measure farm income, is forecast to have increased 13% to a new record of $24.8 billion . While growth in both expenses and receipts is forecast to have been much more modest than what was seen in 2021 and 2022, growth in receipts for 2023 is still forecast to have outpaced that of expenses, resulting in a new record for NCI.

The largest driver of this expected increase is a forecasted increase in livestock receipts of almost 10%, to $37.3 bill ion. Cattle receipts saw impressive price-driven growth that, combined with moderate growth in receipts from the supply-managed sector, more than offset an expected decline in hog receipts. Crop receipts are also forecast to have grown 4% to $56 .0 bill ion, as improved grain marketings have largely mitigated the impact of declining prices. Operating expenses are forecast to have increased only 2% to $ 74.9 billi on, well below the 20% increase seen in 2022. While some key inputs, such as labour and interest expenses, are forecast to have continued increasing, others, such as fertilizer and fuel expenses, are expected to have come down.

Similar results are expected for average Net Operating Income (NOI) per farm, which is forecast to have increased by 17% in 2023 to $155,000, compared to $132,000 in 2022. This increase is 34% above the 2018-2022 average. Average farm family income, which includes income earned off-farm, is forecast to have increased by 11% to $239,000 in 2023. Increases in average NOI are expected for all farm types except for hog farms and poultry and egg farms.

Looking ahead to 2024, NCI is forecast to decline 14% to $21 .3 bil lion, as cash receipts are forecast to fall slightly with expenses modestly increasing, although NCI would still be 28% above the 2018-2022 average. Under the assumption of a normal production year, crop receipts are expected to decline 5% as prices continue to fall. Livestock receipts are forecast to continue increasing, but at a much less aggressive rate of 2%, as growth in cattle prices is forecasted to slow down. Average farm-level and farm family incomes are expected to follow a similar trend to the aggregate measures of income.

Statistics Canada will be releasing fourth quarter receipts for 2023 on February 29, 2024 , and estimates of farm income for 2023 on M ay 29, 202 4. Agriculture and Agri-Food Canada’s next forecast will build on these releases and provide an updated forecast for 2024, as well as a new forecast for 2025.

“Canadian farmers work hard every day to provide healthy, nutritious and sustainable food to people right across the country, and around the world. The results of the farm income forecast show us just how resilient our sector is, with continued growth of overall farm income. As Minister of Agriculture and Agri-Food, I recognize the vitally important role our farmers play in growing the economy and sustaining our country, and I will continue to do everything I can to support them.” - The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food

Associated links

  • Farm Income Forecast results for 2023 and 2024

Francis Chechile Press Secretary Office of the Minister of Agriculture and Agri-Food [email protected]

Media Relations Agriculture and Agri-Food Canada  Ottawa, Ontario  613-773-7972  1-866-345-7972   [email protected]   Follow us on  Twitter ,  Facebook ,  Instagram , and  LinkedIn    Web:  Agriculture and Agri-Food Canada

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New virtual quicken course for farm and ranch record-keeping offered by nebraska extension.

Quicken graphic.

A new online Quicken course is being offered by Nebraska Extension for farmers, ranchers and agricultural business managers who want to learn more about the program and financial record-keeping.

The course is led by the University of Nebraska-Lincoln’s Center for Agricultural Profitability and was first developed by Oklahoma State University. It leads users through hands-on sessions to develop a simple set of financial records and reports using Quicken. Exercises based on scenarios from a case farm allow participants to practice many of the steps that they might use to keep records on their farm or ranch.

The course is available through NU Advance, the University of Nebraska’s non-credit and professional development learning system. Course elements include videos, engaging learning activities, quizzes, a Q&A board as well as access to content experts. The course is divided into seven modules which can be completed at your own pace. The total class time is approximately 3 ½ hours. Participants have 60 days to complete the course.

“Strong financial management is the backbone of any successful farm or ranch,” said Jessica Groskopf, an extension educator with the Center for Agricultural Profitability. “Our course empowers farmers and ranchers with the necessary tools to come away with a strong foundation in Quicken, tailored for the demands of the agricultural industry.”

Course development was funded by a grant from the Southern Risk Management Education Center. To register, visit the Center for Agricultural Profitability’s website, https://cap.unl.edu/quicken .  

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When you run a farm, you’ve got to know all about growing things, including your business. A business plan will help. This selection of farm-related sample business plans will give you a head start on writing a business plan of your own.

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Katie Micik Dehlinger

Lower commodity prices and falling farm incomes took center stage at USDA's recent Agricultural Outlook Forum with the agency forecasting season-average corn and soybean prices of $4.40 and $11.20 per bushel, respectively.

Many farmers will be unable to turn a profit at those prices, which contributed significantly to USDA's projection that farm incomes will drop 25% from last year. Compared to 2022's record, farm incomes are expected to be nearly 45% lower when adjusted for inflation.

"First of all, it's not surprising that commodity prices are falling," Agriculture Secretary Tom Vilsack replied to a DTN question at a news conference during the event. "The past three years combined have been the best incomes in 50 years. I think what we're looking at potentially is probably incomes around relatively historic levels, getting back to sort of a normal pattern."

Nathan Kauffman, senior vice president of the Federal Reserve Bank of Kansas City, also urged the industry to think of 2024 incomes in long-term historical context.

"Yes, incomes are lower. Profit margins are tighter. Credit conditions are still strong but weakening a bit," he said. "If by chance we were to get another year -- maybe not 2024 but in 2025 -- where you see another reduction in farm income and a similar percentage decline in working capital, now we're starting to get into the territory that we were in agriculture between 2016 and 2019, and we know that those were not strong years."

It's why Vilsack then made the case for "more, new and better markets ... ways to generate more income from nontraditional sources," such as credits for sustainable agriculture practices.

But the secretary also leaned into using the Commodity Credit Corporation (CCC), pointing to USDA's recent purchase of $100 million of pork, to support producers. He touted the expansion of crop insurance as important support for the farm economy, noting that USDA has released 12 new policies and 15 modifications in the last three years.

"If you look at the history of RMA (Risk Management Agency), over the course of the last 20 years or so, there's been a rather dramatic increase in the number of policies sold, in the number of modifications and the number of varieties that are now covered that weren't covered in the past."

A panel of former USDA chief economists took issue with both of those and suggested that Congress may need to reign in the popular programs as the federal deficit climbs.

Robert Thompson, who served as USDA assistant secretary of economics from 1985-87, advocated most strongly for Congress passing new limitations on the use of the CCC.

"The CCC is simply a license to steal," he said. He added that Congress would never approve its creation today because it essentially amounts to giving an agency "a blank check or line of credit at the Treasury. You don't have appropriated funds up front and you just go press the replenish button on your checking account when you spend it down. You couldn't create it if you wanted to."

Rob Johansson, who served as USDA chief economist from 2014-20, disputed the notion that the CCC is a blank check and said it allowed USDA to respond quickly to events outside of the purview of the farm bill, like the trade war with China and the pandemic. USDA's Market Facilitation Program payments in 2018 and 2019 were intended to offset the impact of reduced trade with China, and in 2020, the payments accounted for 39% of net farm income.

Johansson said that by comparison, the congressional appropriations process is slow.

Whether it's slow or not, Joe Glauber, who served as USDA chief economist from 2008-2014, said Congress needs to put more controls on the use of CCC. "If they want a supplemental bill or whatever, make them pass it."

While Vilsack touted the expansion of crop insurance programs over recent years to cover more producers and more crops, the group of economists raised warning flags over the additional costs of the program. Typically, USDA subsidizes farmers' premiums around 60%, and as insured liabilities go up, so does the government's outlay. According to the Congressional Budget Office, premium subsidies cost nearly $12 billion in 2023.

"I think I've spent most of my career writing about crop insurance, and every time I turn around, it's grown a few billion dollars in premium volume," Glauber said.

The economists generally made two arguments. First, many producers could accomplish the same risk protection goals using non-subsidized options markets, and second, the program has grown beyond insurance into pure price support.

The popularity of livestock insurance programs has boomed in recent years, and Johansson said that with no caps on the size of producers that can enroll in the programs, "you can get aggregators out there that are going to cause problems."

Dan Sumner, who served as USDA Assistant Secretary of Economics from 1992-93, was the most direct.

"It's not insurance, it's a subsidy program and let's just call it that," he said. "A dollar invested in crop insurance, on average, gets you back a couple of bucks. So that's a better investment than almost anything I know."

The expansion of crop insurance to try to serve the broader industry, and not just a few select commodity crops, is a part of the problem. As a professor at the University of California-Davis, he highlighted the expansion of the program into the wine grape industry. Prices for grapes can vary as much as 1,000% from one county to the next, depending on the variety.

"There's no way an insurance company would ever deal with that," he said. "And yet, these so-called specialty crops are pretty big industries, so I don't know how you justify not covering them given that you're going to cover everything else including livestock."

Glauber said the popularity of the crop insurance program makes it a particularly sensitive topic with farmers. "To me, I think it's time to start trimming back subsidies to some of these programs and really questioning why we're insuring price when there are private instruments available."

Thompson said agriculture's hand could be forced by the ballooning federal deficit. "I think in the next five to 10 years, agriculture may actually have to decide how to weed out redundancies between the commodity support programs and the crop insurance programs."

"USDA Outlook: Growing Supplies, Lower Prices in First Look at 2024-25 Crops" https://www.dtnpf.com/…

"USDA Expects Farm Profits to Fall 25% in 2024"

https://www.dtnpf.com/…

"Vilsack Says CCC Fund Offers a Creative Solution to Raise Reference Prices in Farm Bill" https://www.dtnpf.com/…

Katie Dehlinger can be reached at [email protected] .

Follow her on X, formerly known as Twitter, at @KatieD_DTN.

(c) Copyright 2024 DTN, LLC. All rights reserved.

Agriculture Secretary Tom Vilsack touts the importance of the CCC and crop insurance, but a panel of former USDA economists raises questions about those programs' futures. (DTN file photo by Chris Clayton)

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Togliattiazot to start construction works at the new urea unit

Togliattiazot and Casale Project a.s. have finished pre-construction activities and ready to start the construction works on its 3th urea unit in Togliatti – the  company reported  on its website.

This will be the 3 rd  urea line for the giant Russian fertilizer producer and one of the largest in the world, and it will be located in their site in Togliatti, Samara region, near 2 existing plants. With the new line, the total urea production will increase by 70%.

Currently the project EPC-contractor Casale Project a.s. is finishing pre-construction activities on the site where the unit will be located.

The new unit design was developed in collaboration with Casale S.A. (Lugano, Switzerland). After the commissioning the unit will allow TOAZ to increase the share of ammonia processed into a product with a higher added value, create about 100 new jobs and make additional payments to budgets of all levels. The unit was designed using the latest industrial and environmental safety technologies to ensure a substantial decrease in air emissions when providing a urea purity degree of 93%. To date, the project has successfully passed the public hearings and state expertise and received a construction permit. The unit is expected to be commissioned in 2020.

Togliattiazot signed a loan agreement with a consortium of the banks Commerzbank AG (Zurich, Switzerland) and Landesbank Baden-Wuerttemberg (Stuttgart, Germany) of EUR 180 million for a period of 9 years. The interests are payable after a two-years grace period, at a rate of ca. 2% p.a.. The agreement shall be backed by Swiss Export Risk Insurance (SERV).

The borrowings are intended to finance the design of the third urea production unit with a capacity of 2,200 metric tons per day at PJSC TOAZ site and supplies of equipment and technologies for its construction. The unit is more cost effective and efficient than its existing equivalents.

It is for the first time in its history that Togliattiazot gets such complex financing, so the entire process required thorough and concerted efforts of the financial and economic department and many other services of the company. Indeed, we appreciate the duration and interest rate of this loan, which are now the new benchmark for Togliattiazot. The decision by reputable international financial organisations to support TOAZ’s project is a quality mark, a confirmation that our strategy is correct and a display of confidence in its success. – Petr Ordzhonikidze, Chairman of the Board of Directors of PJSC Togliattiazot, commented

An independent audit was conducted as a part of preparations for receiving the loan. The audit confirmed Togliattiazot’s compliance with the requirements of the International Financial Corporation (IFC, a member of the World Bank Group), including in the areas of environmental and occupational safety, and social policy.

Togliattiazot currently operates two urea units, each producing 480,000 tonnes yearly.

Photo source:  Togliattiazot

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This indoor farming company is trying to win workers over to agriculture — through desk-job benefits

  • Eden Green uses high-tech systems to grow greens indoors and reduce the unpredictability of farming.
  • The company also aims to draw workers by offering health insurance, paid leave, and a 401(k).
  • By moving agriculture closer to urban centers, it can find workers and distribute food more easily.

The first time Stacia Lewis stepped into the massive greenhouse with 18-foot-high walls of romaine and butterhead lettuce, they knew they had to work there. 

"It was just like I'm walking into Willy Wonka's factory or something," Lewis told Business Insider. "It looked like everything I had ever wanted." 

That was three years ago at Eden Green Technology, and Lewis got the job. They'd never considered a career in agriculture even after having grown up wandering through the hoop houses that dot their aunt's homestead. But Eden Green, which uses a high-tech system for growing staples like arugula lettuce and cooking greens like kale and chard in Cleburne, Texas, where Lewis was raised, won them over.

One of Eden Green's aims is to remove some of the unpredictability of farming by doing it indoors in soaring greenhouses stacked with rows of greens. The company is also trying to take on another challenge many farms face: finding enough workers . To do that, Eden Green wants to make agriculture feel like other careers. It offers health insurance, paid leave , and it recently introduced a 401(k) — benefits not always available to traditional farm workers.

Part of the idea is to pull in workers like Lewis. Finding employees who might not have thought of ag is important because it's an industry that, like healthcare or retail, often faces trouble drawing enough workers . 

Eden Green's playbook involves going where the people are. Cleburne, with a population of about 34,000, sits on the edge of the sprawling Dallas-Fort Worth region. That means Eden Green can truck produce to nearby grocery distribution centers and operate in an area with a large enough population to attract job candidates. It's a far cry from traditional US farms, which on average span hundreds of acres in rural areas where fewer than one in four Americans live.

"By solving the distribution problem, we've actually solved the labor problem, too," Eddy Badrina, the company's CEO, told BI. It's a location that's already a draw for workers. There's a Walmart distribution facility less than half a mile down the road — that Eden Green also supplies its produce to — and an Amazon warehouse about 10 miles away, he said. 

"If you could work with plants and work in something that is, you know, environmentally and economically sustainable, and it's feeding your local community, or you could work at an Amazon warehouse, what would you do?" he said, adding that one isn't necessarily better than the other.

When Lewis, 24, came across the job listing for an entry-level role on Eden Green's production team, they were managing a Starbucks. "I just really wanted something more. I wanted to feel like I was doing something good," they said. 

At its facility of nearly 83,000 square feet, Eden Green does its growing without soil, a process called hydroponics . Eden Green said it uses 98% less water and 99% less land than traditional farming. The company is adding greenhouses in Cleburne that will triple its growing capacity. In the next five years, it plans to build 20 greenhouses across the US.

The idea of producing basics like lettuce in a different way appealed to Lewis, who'd long been interested in environmental sustainability but wasn't sure how to make that fit with their job. Lewis, who's also a writer, tried college for a while, but they said it didn't feel right.

Now, Lewis has moved up and currently holds the job of grower. They spend about half their time at a computer placing orders, monitoring some of the systems used to run the greenhouses, and communicating with vendors. The predictability of the work is part of the appeal for Lewis. 

"You can still have that agriculture job and have a full-time, steady position," they said. 

Eden Green has 13 harvests a year, so there aren't the ups and downs for demand in labor as is often the case with traditional growing methods, Badrina said. That changes the foundational assumptions of agriculture . 

Their workers have to "be in there every single day to plant, to tend, to harvest, to pack," Badrina said.

Eden Green pays $14 to $25 to its hourly workers, who do things like seeding, tending to plants, harvesting, and putting goods into clamshell packaging, he said. There are more than half a dozen roles within a greenhouse that someone can specialize in. "Someone with a high school degree can start at the base and then work their way up," Badrina said. And often, in his experience, younger workers like the idea of doing something meaningful to society.

That, he said, helps Eden Green hang onto workers. And it's not just young workers with high school diplomas. The company employs people with advanced degrees in controlled-environment agriculture, horticulture, and plant biology. Eden Green's retention rate has been above 80% for the past nine months, the company said.

Room to advance — and the work itself — has kept Lewis at the company, they said. "I do love working with people, but plants have always been a passion of mine. So to be able to join a passion with a career has just been a dream for me," Lewis said.

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  1. Plan Your New Farm Operation

    1. Plan 2. Visit 3. Fund 4. Build 5. Sell 6. Maintain On This Page Why You Need a Farm Business Plan Build a Farm Business Plan Farm Business Plan Worksheets Planning for Conservation and Risk Management Special Considerations Resources Next Steps Why You Need a Farm Business Plan

  2. Farm and Agriculture Business Plans

    Farm Machinery Manufacturer Business Plan. Farming and agriculture are complicated businesses. To be successful, you need more than a green thumb and the willingness to get your hands dirty. You need to know how to operate your agricultural enterprise efficiently and not just forecast your crop rotations, but your cash position and revenue.

  3. Farm Business Planning

    It helps beginning farmers: Plan for the economic sustainability of a new farm enterprise. Obtain funding to purchase land, equipment and other resources from lending institutions, investors and/or grant making agencies. Articulate what their farm will look like.

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

    Updated February 7, 2024 Free Download: Agriculture Business Plan Template As a farmer, you're in the business of putting food on the table. Agriculture is one of the world's oldest professions. Today it accounts for over 5% of U.S. Gross Domestic Product, and 1 in 10 American workers are in agriculture, food, and related industries.

  5. 12: Business Plans

    280 pages of education and practical exercises to guide you through the financial, management, and interpersonal skills needed to start a successful farm business. Order hard copy for $17 or download PDF online for free. Cornell Cooperative Extension Publications for Specific Commodities: Landscape Business Planning Guide

  6. Agricultural Business Plan Template [Updated 2024]

    Your agricultural business plan is a living document that should be updated annually as your company grows and changes. Sources of Funding for Agricultural Businesses With regards to funding, the main sources of funding for an agricultural business are personal savings, credit cards, bank loans, and angel investors.

  7. Free Farm Business Plan Template

    A farm business plan is an essential document for new farm start-ups or farms seeking funding. Farm business plans give an overview of the business, including company history, owner/operator backgrounds, products/services, projections, and more. Use this template to quickly create your farm business plan. Executive Summary Operators

  8. Beginning Farmers and Ranchers

    Coordinators and Service Centers. Beginning Farmer and Rancher Coordinators are USDA team members in each state that can help you understand the USDA process and find the right assistance as you are starting out. Reach out to your state's coordinator for one-on-one technical assistance and guidance. They can also connect you with organizations ...

  9. How to Write a Small Farm Business Plan

    A business plan is a roadmap for your small farm. It is both process and product. During the writing of a farm business plan, you'll develop an overall vision and mission for your business. You ...

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

    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

  11. Farm Business Plan Template & Sample (2024)

    Starting a farm 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 A Farm Business Plan - The first step in starting a business is to create a detailed farm business plan that outlines all aspects of the venture. This should include potential market size and target customers ...

  12. 11 Steps to a Whole-Farm Plan

    Marrison suggests taking the following 11 steps to write a whole-farm plan. 1. Take stock of the family. Look at the history of your family and its farm, and identify family values and family goals. "It is valuable for the business to begin the planning process by reflecting on family and farm history," he says.

  13. Agriculture Farm Business Plan Example

    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.

  14. Cultivating Success with a Comprehensive Farm Business Plan

    Developing a comprehensive farm business plan is a vital step toward the success and sustainability of your agricultural venture. By outlining your goals, conducting thorough market research, assessing resources, and creating financial projections, you can create a roadmap that guides your farm's operations and positions you for long-term ...

  15. How to Write a Farming Business Plan: Template and Guide

    Essentially, a farm business plan is a written document that outlines your farming objectives, strategies, and financial forecasts. It serves as a blueprint for your farm's operations, helping you make informed decisions and communicate your vision to potential investors, lenders, or partners. The Purpose of a Farming Business Plan

  16. Building a Farm Business

    Write a farm business plan. A farm management specialist can assist you with this and publications are available. ... Farming Fundamentals is an online program that provides producers who are beginning a new venture in agriculture with resources and information on the essential principles needed to build a successful operation. Register online ...

  17. Agriculture Products & Retail Business Plan Examples

    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. If you're looking to develop a more modern business plan, we recommend you try LivePlan.

  18. The Importance of Strategic Planning for Farmers and Ranchers

    Parsons (2018) outlined six key components of a business plan and why a farm or ranch should make the effort to develop a business plan (Parsons, 2015). In this Center for Agricultural Profitability article , CAP Director Larry Van Tassell discusses two steps that make planning strategic: defining the mission of the business, and assessing the ...

  19. Sample Business Plans

    Oregon Flower Farm Business Plan Example. Interval Farm Business Plan Sample. Peach Farm Business Plan Sample. USDA FSA Sample Microloan Application. Small Farms Program Oregon State University Send E-mail Phone: 541-713-5009. OSU College of Agricultural Sciences 430 Strand Agriculture Hall Corvallis, Oregon 97331. Contact Us ©2022 Oregon ...

  20. (PDF) Improvement Of The Development Management Process ...

    A viable solution is the FAST (Farm Ambience Sensing Tool) - a multi-sensor tool which detects the conditions of the agricultural area and notifies the farmer. Read more Article

  21. 'America is a factory farming nation': key takeaways from US

    R ecord numbers of US farms are going out of business with small farms and Black farmers the hardest hit - again, according to the 2022 agriculture census, a comprehensive snapshot of the state ...

  22. Navigating Agriculture Grants and Farm Energy Opportunities

    Join us for an insightful webinar hosted by the Southeastern Kentucky SBDC. This event is a unique opportunity for farmers and agricultural entrepreneurs to gain valuable insights into upcoming Agriculture Grants and Farm Energy Grants. We will discuss: Agriculture Grants: Cara Stewart from the Kentucky Center for Agriculture and Rural Development will share crucial information about upcoming ...

  23. Canadian farm sector income expected to reach new records

    For 2023, Net Cash Income (NCI), the main metric Agriculture and Agri-Food Canada uses to measure farm income, is forecast to have increased 13% to a new record of $24.8 billion. While growth in both expenses and receipts is forecast to have been much more modest than what was seen in 2021 and 2022, growth in receipts for 2023 is still forecast ...

  24. New virtual Quicken course for farm and ranch record-keeping offered by

    A new online Quicken course is being offered by Nebraska Extension for farmers, ranchers and agricultural business managers who want to learn more about the program and financial record-keeping. The course is led by the University of Nebraska-Lincoln's Center for Agricultural Profitability and was first developed by Oklahoma State University.

  25. Farm Business Plan Examples

    This selection of farm-related sample business plans will give you a head start on writing a business plan of your own. If you're looking to develop a more modern business plan, we recommend you try LivePlan. It contains the same templates and information you see here, but with additional guidance to help you develop the perfect plan. Explore ...

  26. World Bank

    Of note, the company's ability to expand its export base and increase access to affordable, quality fertilizers that help farm crops grow will make a direct difference in the lives of millions, especially in famine-prone countries that rely on agriculture to feed their people.

  27. Ag Census Shows Midwest Farms Face Steeper Challenges

    Ben Brown, senior research associate and agricultural economist at the University of Missouri Food and Agricultural Policy Research Institute, said consolidation -- big farms continued getting ...

  28. CCC and Crop Insurance Backstop Farm Incomes But Could Face Challenging

    Lower commodity prices and falling farm incomes took center stage at USDA's recent Agricultural Outlook Forum with the agency forecasting season-average corn and soybean prices of $4.40 and $11.20 ...

  29. Togliattiazot to start construction works at the new urea unit

    Togliattiazot and Casale Project a.s. have finished pre-construction activities and ready to start the construction works on its 3th urea unit in Togliatti - the company reported on its website.. This will be the 3 rd urea line for the giant Russian fertilizer producer and one of the largest in the world, and it will be located in their site in Togliatti, Samara region, near 2 existing plants.

  30. This Indoor Farming Firm Is Trying to Attract Workers to Agriculture

    Eden Green is changing how staples like lettuce are grown. And unlike many farm jobs, it offers workers benefits like health insurance and a 401(k).