Top Menu

Frequently Asked Questions:

Does my farm really need a business plan?

To be truly sustainable, farmers need to meet their financial goals for farming. Being unaware of, or unrealistic about, the budget of your farming business can lead to serious cash flow problems that interfere with the viability of your business and of pursuing farming as a career. The business planning process is used to refine that estimate to create more realistic projections of what the farm business will look like. The process of developing a farm business plan will help you determine the capacity of your farm business to support your family living and the costs of securing farmland. There are many programs, services, and resources to help existing and prospective farmers develop strong business plans.  (To learn more about farm business plans and how they affect your farming operation, check out the “Financial Assessment” lesson in our Acquiring Your Farm online tutorial.)

Posted in: Farm Seekers