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For livestock operations, an inventory of animals would be included here.Details regarding genetics, breeding plans, nutrition plans, animal handling protocol, and animal health plans including vaccination schedules should be added.Farmers may want to describe their cropping rotations on various properties and why they use them.
If you don’t have a business plan, now is the time to start one.
Use these basic sections to help define your farm or ranch business.
However, if you want to attract and keep good employees (including relatives) you need to have a plan in place to do it.
This section should describe the people involved in ownership as well as the people managing the operation on a day-to-day basis, including their roles and responsibilities.
Having pages of this section readily available to print out and show potential landlords or new employees is a great resource for those communications. Equipment and Animal Management Equipment resources and animal resources are the tools that turn land resources into profits.
This section should provide an inventory of equipment resources along with a general overview of maintenance plans and replacement decisions.
However, getting started on it can seem like a daunting task.
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.
It lets your lender know you have a plan to succeed, which opens up your access to capital.
It also helps you organize your thoughts, clarifying the goals and objectives you wish to achieve.