SCORE “Counselors to America’s Small Business” | SCORE is a nonprofit organization offering free business advice and training by experienced volunteers. Check the website for chapters in your area. | |
Federal Small Business Administration | Federal agency with offices throughout the state providing counseling services and loan guarantees. They have a special emphasis area to work with women, minorities, veterans, and businesses involved in international trade. | |
AgPlan | AgPlan is powerful website developed by the Center for Farm Financial Management at the University of Minnesota to help rural businesses develop a business plan. | |
USDA New Farmers Website | USDA’s New Farmers Website provides a portal to various sites providing technical assistance for planning a business. | |
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Farming Business Plan
Agriculture is the one industry that consistently does well, irrespective matter the economic conditions of the world. So, for a stable income and career farming business is a great option.
Are you looking to start writing a business plan for your farming business? Creating a business plan is essential to starting, growing, and securing funding for your business. We have prepared a farming business plan template for you to help in start writing yours.
Free Business Plan Template
Download our Free Farming Business Plan Template now and pave the way to success. Let’s turn your vision into an actionable strategy!
- Fill in the blanks – Outline
- Financial Tables
How to Write a Farming Business Plan?
Writing a farming business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:
1. Executive Summary
An executive summary is the first section of the business plan intended to provide an overview of the whole business plan. Generally, it is written after the entire business plan is ready. Here are some components to add to your summary:
- Start with a brief introduction: Start your executive summary by introducing your idea behind starting a farming business and explaining what it does. Give a brief overview of the idea that how will your farming business will be different.
- Market opportunity: Describe the target market in brief, and explain the demographics, geographic location, and psychographic attributes of your customer. Explain how your agriculture business meets its needs. Clearly describe the market that your business will serve.
- Mention your services: Describe in detail the products and crops your agriculture farm produces. Also, incorporate all the details about the tools and equipment you will use keeping quality in mind.
- Management team: Name all the key members of your management team with their duties, responsibilities, and qualifications.
- Financial highlights: Provide a summary of your financial projections for the company’s initial years of operation. Include any capital or investment requirements, startup costs, projected revenues, and profits.
- Call to action: After giving a brief about your business plan, end your summary with a call to action, for example; inviting potential investors or readers to the next meeting if they are interested in your business.
Ensure you keep your executive summary concise and clear, use simple language, and avoid jargon.
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2. Business Overview
Depending on what details of your business are important, you’ll need different elements in your business overview. Still, there are some foundational elements like business name, legal structure, location, history, and mission statement that every business overview should include:
- The name of your farming business and the type of business you are running or will run: organic farming, agricultural farming, dairy farming, commercial farming, or something else.
- Company structure of your farming business whether it is a proprietorship, LLC, partnership firm, or some other.
- Location of your farm and the reason why you selected that place.
- Mission statement: Add a mission statement that sums up your farming business’s objectives and core principles. This statement needs to be memorable, clear, and brief.
- Business history: Include an outline of the farming business history and how it came to be in its current position. If you can, add some personality and intriguing details, especially if you got any achievements or recognitions till now for your incredible services.
- Future goals: It’s crucial to convey your aspirations and your vision. Include the vision of where you see your agriculture in the near future.
This section should provide an in-depth understanding of your farming business. Also, the business overview section should be engaging and precise.
3. Market Analysis
Market analysis provides a clear understanding of the market in which your farming business will run along with the target market, competitors, and growth opportunities. Your market analysis should contain the following essential components:
- Target market: Identify your target market and define your ideal customer. Know more about your customers and which products they prefer: meat, crops, vegetables, or some other products.
- Market size and growth potential: Provide an overview of the agriculture industry. It will include market size, trends, growth potential, and regulatory considerations.
- Competitive analysis: Identify and analyze all other agricultural farms nearby, including direct and indirect competitors. Evaluate their strengths and weaknesses, and explain how your farm can offer qualitative products.
- Market trends: Analyze current and emerging trends in your industry, such as changes in technology, fertilizers, or customer preference. Explain how your farming business will cope with all the trends.
- Regulatory environment: Describe any regulations or licensing requirements that affect the agricultural farm, such as safety codes, or hiring any agricultural engineer or food safety employee.
Some additional tips for writing the market analysis section of your business plan:
- Use a variety of sources to gather data, including industry reports, market research studies, and surveys.
- Be specific and provide detailed information wherever possible.
- Include charts and graphs to help illustrate your key points.
- Keep your target audience in mind while writing the business plan
4. Products And Services
The product and services section of an agriculture business plan should describe the specific services and products that will be offered to customers. To write this section should include the following:
- List the products you will produce or sell, such as crops, fruits, flowers, livestock, or value-added products like cheese or jams.
- Describe each product: Explain the features of your products, such as their quality, variety, and uniqueness. Also, discuss how your products will be packaged and marketed.
- Emphasize safety and quality: In all descriptions of services and products, emphasize the importance of safety and quality. Explain how your farming business will ensure that all services and products are delivered with the highest standards of safety and efficacy.
Overall, the product and services section of a business plan should be detailed, informative, and customer-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.
5. Operations Plan
When writing the operations plan section, it’s important to consider the various aspects of your business operations. Here are the components to include in an operations plan:
- Operational process: Explain the steps taken to produce your crops or raise your livestock. This can involve planting, fertilizing, watering, harvesting, looking after animals, and other activities.
- Technologies: Make a list of the tools and equipment you’ll need to run your farm, including tractors, harvesters, greenhouses, barns, and processing machinery. Describe your plans for purchasing and maintaining your farming business.
By including these key elements in your operations plan section, you can create a comprehensive plan that outlines how you will run your farming business.
6. Management Team
The management team section provides an overview of the individuals responsible for running the farming business. This section should provide a detailed description of the experience and qualifications of each manager, as well as their responsibilities and roles.
- Key managers: Describe the key members of your management team, their roles, and their responsibilities. It should include the owners, senior management, and any other farm manager, soil and plant scientist, agricultural salesperson, or someone else.
- Organizational structure: Describe the organizational structure of the management team, including reporting lines and how decisions will be made.
- Compensation plan: Describe your compensation plan for the management team and staff, including salaries, bonuses, and other benefits.
- Board of advisors: If you have a board of advisors for your business, then mention them along with their roles and experience.
Describe your company’s key personnel and highlight why your business has the fittest team.
7. Financial Plan
When writing the financial plan section of a business plan, it’s important to provide a comprehensive overview of your financial projections for the first few years of your business.
- Profit & loss statement: Create a projected profit & loss statement that describes the expected revenue, cost of products sold, and operational costs. Your farm’s anticipated net profit or loss should be computed and included.
- Cash flow statement: Estimate your cash inflows and outflows for the first few years of operation. It should include cash receipts from clients, payments to vendors, loan payments, and any other cash inflows and outflows.
- Balance sheet: Prepare a projected balance sheet, which shows the business’s assets, liabilities, and equity.
- Break-even point: Determine the point at which your farming business will break even, or generate enough revenue to cover its operating costs. This will help you understand how much revenue you need to generate to make a profit.
- Financing needs: Estimate how much financing you will need to start and operate your farming business. It should include both short-term and long-term financing needs, such as loans or investment capital.
Remember to be realistic with your financial projections, and to provide supporting evidence for all of your estimates.
8. Appendix
When writing the appendix section, you should include any additional information that supports the main content of your plan. This may include financial statements, market research data, legal documents, and other relevant information.
- Include a table of contents for the appendix section to make it easy for readers to find specific information.
- Include financial statements such as income statements, balance sheets, and cash flow statements. These should be up-to-date and show your financial projections for at least the first three years of your business.
- Provide market research data, such as statistics on the size of the agriculture industry, consumer demographics, and trends in the industry.
- Include any legal documents such as permits, licenses, and contracts.
- Provide any additional documentation related to your business plans, such as marketing materials, product brochures, and operational procedures.
- Use clear headings and labels for each section of the appendix so that readers can easily find the information they need.
Remember, the appendix section of your farming business should only include relevant and important information that supports the main content of your plan.
The Quickest Way to turn a Business Idea into a Business Plan
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This farming business plan sample will provide an idea for writing a successful farming business plan, including all the essential components of your business.
After this, if you are still confused about how to write an investment-ready agriculture business plan to impress your audience, then download our farming business plan pdf .
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Frequently asked questions, why do you need a farming business plan.
A business plan is an essential tool for anyone looking to start or run a successful farming business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your farming business.
Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your farming business.
How to get funding for your farming business?
There are several ways to get funding for your agriculture business, but one of the most efficient and speedy funding options is self-funding. Other options for funding are!
- Bank loan – You may apply for a loan in government or private banks.
- Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
- Crowdfunding – The process of supporting a project or business by getting many people to invest in your farming business, usually online.
- Angel investors – Getting funds from angel investors is one of the most sought options for startups.
- Venture capital – Venture capitalists will invest in your business in exchange for a percentage of shares, so this funding option is also viable.
Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.
Where to find business plan writers for your farming business?
There are many business plan writers available, but no one knows your business and idea better than you, so we recommend you write your farming business plan and outline your vision as you have in your mind.
What is the easiest way to write your agriculture business plan?
A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any farming business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software.
About the Author
Vinay Kevadiya
Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more
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Urban Farm Business Plan Handbook
The Urban Farm Business Plan Handbook (this document) provides guidance for developing a business plan for the startup and operation of an urban farm. It focuses on food and non-food related cultivated agriculture. The information provided is applicable regardless of whether the farm is to be operated as a non-profit or for-profit business.
- Urban Farm Business Plan Handbook (pdf) (1.7 MB)
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IMAGES
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Here is the download link to Integrated Farming Business Plan Pdf. Integrated Farming System (IFS) Model: Integrated Farming System (IFS) is a holistic approach to farming that combines various agricultural components and practices to optimize resource utilization, increase productivity, and enhance sustainability. It involves integrating crop ...
Financial Summary. Down in the Dirt Farm grossed $66,370 in sales from the 2018 season ($28,675 through their CSA offering whole and half shares, $25,800 through farmers market sales, $8,645 through wholesale, and $3,250 from on-farm pork share sales). The agreed-upon sale price for the new farm is $315,000.
Integrated Farm Management (IFM) is a whole farm business approach that delivers more sustainable farming. IFM uses the best of modern technology and traditional methods to deliver prosperous farming that enriches the environment and engages local communities. With IFM attention to detail is key. Appropriate and efficient use of inputs, smarter ...
Sample from Growthink's Ultimate Farm Business Plan Template: The following industry statistics bode well for [Company Name]. According to the recent report entitled, "Vegetable Farming in the U.S." by the National Agricultural Statistics Service, the industry's annual revenue is approximately $19.4 billion, with an estimated gross ...
The han dbook is a guide that will assist you in writing a business plan for your farm. The. handbook will explain each step in the farm business plan and provide you with support and help. at ...
The Farm Business Resilience Program is supporting farmers to build stronger, more productive agricultural businesses. DJPR_13999_0423 After completing your Farm Business Plan, have a go at prioritising your goals using the Action Plan template. The Action Plan template can be accessed on the Farm Business Resilience Program webpage:
You'll probably want to include each of these sections: 1. Executive summary. An overview of your agriculture business, with a brief description of your products or services, your legal structure, and a snapshot of your future plans. While it's the first part of the plan, it's often easier to write your executive summary last. Brought to ...
Step 2: Analyzing the external and internal components of your business using the S.W.O.T. analysis. Step 3: Creating plans of action and identifying areas of competitive advantage. Step 4: Selecting the best plan that fits your overall farm mission. Step 5: Implementing and evaluating the strategy.
This training manual will assist farmers in becoming food secure by providing guidance on how to set up an Integrated Farming System (IFS), which produces a range of foods including local crops and vegetables, livestock (chicken and pigs) and fish. These foods are important for a healthy, balanced diet and income generation.
ision is and how you will make it happen. The goal of this Business Farm Plan Workbook is to provide a s. raightforward approach to writing a plan. If more in-depth planning is desired, there are many other resources available. The focus of this workbook is to help you think through your vision and goals and get detail.
Instructions: Use this Budget template to predict your income and expenses by each quarter of the year, in order to plan when major expenses will take place, when you will start making sales, and in order to plan your cash inflow and outflow. *Note that in making your budget for the year, you should take into account your ending cash balance ...
Introduction to integrated farming system: Integrated farming means combining crop production with livestock management that complement each other in a way that is a well-symbiotic relationship that is currently economically viable and profitable, environmentally friendly, and benefiting from the diversity of production. In the integrated farming system, agriculture can be integrated with ...
The Farm Business Plan Balance Sheet can help gather information for the financial and operational aspects of your plan. Form FSA-2037 is a template that gathers information on your assets and liabilities like farm equipment, vehicles and existing loans. FSA-2037 - Farm Business Plan - Balance Sheet. FSA-2037 Instructions.
An effective farm business plan should start with an executive summary of what your business plan will include. The rest of the business plan should speak to the goals and objectives, company history, the background of the owners and operators, products and services to be offered, target market, industry analysis, and projections for the first few years of operation.
ing Business Plan Sample Pdf By Agrolearner.ComAbstract:The integrated farming business plan for Agrolearners.com aims to establish a sustainable and profitable agricultural venture that combines crop production, estock management, and value-added product development. This business plan outlines the market analysis, farm selection process, farm ...
July 2021. This training manual will assist farmers in becoming food secure by providing guidance on how to set up an Integrated Farming System (IFS), which produces a range of foods including local crops and vegetables, livestock (chicken and pigs) and fish. These foods are important for a healthy, balanced diet and income generation.
Honey Bee Farm Business Plan Template. Hydroponics Business Plan Template. Livestock Farm Business Plan Template. Microgreens Business Plan Template. Mushroom Farm Business Plan Template. Pig Farm Business Plan Template. Poultry Farm Business Plan Template. Solar Farm Business Plan Template. Tree Farm Business Plan Template.
This business plan is for a general integrated farming business located in Kaduna, Nigeria. The owner, Shehu Alhaji, is requesting a loan to expand operations. The farming business engages in various agricultural activities and has been in operation for 7 years. The loan funds will be used to purchase additional farm equipment costing 7 million naira and working capital of 3 million naira for ...
Cornell Small Farms Program Online Course BF 202: Business Planning. The Cornell Small Farms Program offers 20+ online courses every year on many topics related to the production and business sides of farming. Most are taught by Cornell Cooperative Extension educators. BF 202 is a 6-week course that will guide you through the process of writing ...
PDF | On Mar 3, 2016, Dhia Alchalabi published Integrated Farm Project (IFP) Plan, for 2500-10000 m2 of land. | Find, read and cite all the research you need on ResearchGate.
Writing a farming business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan: 1. Executive Summary. An executive summary is the first section of the business plan intended to provide an overview of the whole business plan. Generally, it is written after the entire ...
This business plan document provides a workable framework for starting a piggery farm with a capacity for 80 pigs, including 30 gilts and 50 growers sourced from a genetically superior source.
It focuses on food and non-food related cultivated agriculture. The information provided is applicable regardless of whether the farm is to be operated as a non-profit or for-profit business. Urban Farm Business Plan Handbook (pdf) (1.7 MB) Contact Us to ask a question, provide feedback, or report a problem. Last updated on August 5, 2024.