Farm Business Plans

— Written By
en Español

El inglés es el idioma de control de esta página. En la medida en que haya algún conflicto entre la traducción al inglés y la traducción, el inglés prevalece.

Al hacer clic en el enlace de traducción se activa un servicio de traducción gratuito para convertir la página al español. Al igual que con cualquier traducción por Internet, la conversión no es sensible al contexto y puede que no traduzca el texto en su significado original. NC State Extension no garantiza la exactitud del texto traducido. Por favor, tenga en cuenta que algunas aplicaciones y/o servicios pueden no funcionar como se espera cuando se traducen.

English is the controlling language of this page. To the extent there is any conflict between the English text and the translation, English controls.

Clicking on the translation link activates a free translation service to convert the page to Spanish. As with any Internet translation, the conversion is not context-sensitive and may not translate the text to its original meaning. NC State Extension does not guarantee the accuracy of the translated text. Please note that some applications and/or services may not function as expected when translated.

Collapse ▲

VegetablesAs 2021 comes to a close, many farmers are planning for 2022. Did you grow your first garden and want to take it to the next level? Many beginning farmers lack basic business planning and management tools that can greatly improve their chances for success.

A formal business plan is necessary for getting a farm start-up loan from any commercial institution. Even if you don’t need to borrow money to start your farm business, working through a formal business plan can be a valuable way to provide structure and focus your efforts at the beginning and over the years. Any good business plan should include the following:

  1. Your experience in your new business adventure
  2. Your business vision and a mission statement
  3. Information on your legal structure (corporation? LLC? partnership?)
  4. A current balance sheet
  5. Production plans
  6. Marketing plans
  7. Projected balance sheet (combine information from 4, 5, and 6 above)
  8. Start-up costs

These steps will assist you with planning for the future.

Calculator and pen

If you have questions or need more information, contact Bryan Hartman at bkhartman@ncat.edu or (336) 593-8179.

Learn More Using the Resources Below

Written By

Bryan Hartman, N.C. Cooperative ExtensionBryan HartmanExtension Agent, Agriculture and Natural Resources Call Bryan Email Bryan N.C. Cooperative Extension, Stokes County Center
Posted on Nov 16, 2021
Was the information on this page helpful? Yes check No close
Scannable QR Code to Access Electronic Version