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Land monitoring practices and plans for mitigating soil erosion or noxious weeds are among the many important elements that can be added to this section over time. Farmers may want to describe their cropping rotations on various properties and why they use them.
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If livestock and perennial pastures are involved in the operation, a grazing management plan would fit into this section. This section should describe the land resources involved in the operation, including maps if you have them available. The introduction section should also provide an overview of the history of the operation and three to five goals you wish to accomplish in the next five years.įarmers and ranchers rely on the land to make a living.
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Follow this summary with a mission statement for your operation that captures why you are in the farming or ranching business. Provide brief information on the key products or services producing revenue, the qualifications of the people involved in the operation, the land resources and any competitive edge built up over the years. Even though you may finish writing it last, you should start your document with an executive summary paragraph or two that captures the essence of your business. Before long, you will find yourself with a good business plan taking shape and a document you can share with your lender as well as use on a day-to-day basis to help guide your farm or ranch in the direction you want it to go.Ī good introduction contains several key subcomponents of information that summarizes what your business is all about. Make these six components your headings and start filling in the details as described below. So, my goal with this article is to get you started by providing six key components to include in your farm or ranch business plan.
Putting the best business plan together software#
While there is business planning software out there, much of it isn’t well suited for putting together a complete farm or ranch business plan and starting with a blank sheet of paper can be intimidating. However, getting started on it can seem like a daunting task. This is a great time of year to get started on putting together a written business plan for your farm or ranch operation. In summary, putting together a written business plan increases the likelihood of your business achieving success (Scarborough 2011). It also helps you organize your thoughts, clarifying the goals and objectives you wish to achieve. It lets your lender know you have a plan to succeed, which opens up your access to capital. It helps to get your business organized and moving in the right direction. In an earlier Cornhusker Economics article, I outlined six good reasons to develop a business plan (Parsons 2015). This includes costs related to staffing, development, manufacturing, marketing, and any other expenses related to the business.Developing a good farm or ranch business plan can have many benefits.