A business plan is like a road map. It helps you define your ag operation’s core objectives and build a detailed plan for how to achieve them.
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Most entrepreneurs are terrified of planning. But this can be a different scenario for you. A farming business can be more successful if you will develop a farm business plan . Not only will you set the steps that you need to follow to achieve your goals, but you can also become more prepared with the risks. More so, your strategic plans will help you develop a mission statement that will guide you through. So, are you ready for this? Below,we provide you a farm business plan examples that you can look into as a guide.
1. farm business plan template.
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A farm business plan is an excellent organizational and business material that you can use for a variety of purposes. All you must do is to be familiar with business plan guidelines and the basics of farm business management so you can already identify the specific business plan document that you need.
Have you ever been to a hotel where you can see each process’s organization from the welcoming of guests up to their check-out procedures? One of the planning documents that provide a contribution to that organization is a hotel operational business plan . This can be compared to the usage of a farm business plan if you want to ensure that the operations of your farm business are laid out properly. According to a gathered analysis published by Noble Research Institute, the advantages of a farm business plan includes an easy application to loans. It can also promote solidarity within the farm business’s stakeholders. This is relatively substantial, especially for every small business in the agricultural industry.
Creating your farm business plan can be easier if you will refer to helpful agriculture business plan examples. But aside from the items mentioned above, there are still some items that can make it more efficient for you to develop an outstanding, complete, and organized farm business plan . Some of these tips and guidelines are all listed below.
To begin with, always start by visualizing your ideas. After that, you can now proceed with outlining your goals and objectives. Remember to make it as realistic as possible. Come up with measurable and obtainable plans. This should include proposals , marketing , and budget . Truly, there is no easy business. So, plan long-term, and everything else will follow.
Next, you have to learn how to write an executive summary for your business plan. Especially for farm business startups, an executive summary is one of the parts of the farm business plan that will be first seen by your target audience. Make it as appealing and as presentable as possible so you can already get positive responses and impressions. But remember, don’t make it too long and invite confusion from readers. Make it precise as much as possible.
What could be the necessary steps to do in achieving your goals? Here, you have to outline your action plans . It should be relevant to your objectives. Therefore, they must align. You can also set a schedule to follow. This helps you cope with your daily tasks while keeping it on time. Another thing to remember is to make it attainable for everyone in the organization.
make sure that your farm business plan can present your business values. It should be a reflection of your identity, brand, mission statement , and image as a business. These characteristics can set you apart from your competition. It can promote memory retention, which is an excellent way for you to remain relevant and memorable in the marketplace where the farm business belongs.
Don’t propose it right away. But make sure that you check your content from the cover page down to the last pages. Is your budget for the business plan considerable? Can your members achieve success in no time? It is essential to check it first before using it for actual scenarios. This helps you come up with an excellent report later on.
How much is a typical business plan.
The price of a business plan depends on the agency that creates it. But in most cases, it reaches up to $15,000 for a complete plan.
A business plan is a necessity if you take a look at the bigger picture when it comes to finances and projects. This helps you accomplish more than what you imagine for your business.
Among the various elements of a business plan, the executive summary and market analysis are standard.
Again, feeling overwhelmed with everything that you need to consider when developing a farm business plan is normal. However, you should make sure that you will not be carried away so you can focus on the items that can help you give the farm business a boost in productivity, efficiency, sales, visibility, and leads. Be mindful of how you will develop farm planning strategies. Also, see how an effective one can improve your farm business’s overall operations . So, get ready with your document and follow the list of steps above.
Text prompt
Create a study plan for final exams in high school
Develop a project timeline for a middle school science fair.
By: Author Tony Martins Ajaero
Home » Business Plans » Agriculture Sector » Livestock Farming
Do you want to start a sheep farm and need to write a business plan ? If YES, here is a sample sheep farming business plan template & FREE feasibility report.
Sheep farming is a business that is becoming attractive and interested investors are channeling their monies in this industry. This is so because aside from the meat (mutton or lamb), products such as milk and wool and even the horns and hoofs are in high demand from related industries.
Another good news is that you can’t get it wrong because sheep meat (mutton or lamb) finds general acceptance in the world, especially among tribes that would rather not eat beef.
It is important to state that starting a sheep farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture. An aspiring entrepreneur can either choose to start it on a small or large scale depending on their financial status.
1. industry overview.
Sheep farmers primarily raise or fatten sheep and lambs for their wool, meat, milk or sale to other farmers. Meat derived from these animals is separated into two categories, which include lamb and mutton. Lamb is meat from sheep less than one year old, while mutton refers to meat from sheep more than one year old.
There is no single sheep farming company that has dominate market share in the industry hence smaller sheep farming business can successfully make profits.
Statistics has it that in the united states of America alone, there are about 50,144 registered and licensed sheep farming business responsible for employing about 48,966 people and the industry rakes in a whopping sum of $621 million annually.
The industry was projected to enjoy 2.5 percent annual growth between 2014 and 2019. It is important to state that the sheep farming in the US industry has no companies with major market shares.
A recent report published by IBISWorld shows that that industry revenue will decline at an average annualized rate of 6.5 percent to $385.6 million over the five years to 2010. Sheep farming operations are shrinking, as the result of low demand and diminished production levels.
Meat production has particularly been hurt by the high level of imports, with lamb imports being significantly affected. Since lamb is considered a high-end meat, the economic downturn has caused disposable income levels to drop, consequently hurting consumer demand. With demand remaining low, prices have been negatively affected.
Wool production, another aspect of sheep farming, is continuing to decline as well. Wool yields per animal have decreased marginally, though prices are expected to remain high because of concerns about the Australian wool supply and strong global demand.
Still, profits are expected to fall at a relatively strong rate over the last five years, with the cost of feed rising and drought conditions threatening production. In light of these negative trends, farm numbers are expected to fall, with enterprise, establishment and employment numbers all declining.
One thing is certain about sheep farming business, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to sell your sheep and its by products because loads of people out there eat mutton, drink milk and industries make use of byproducts from sheep in manufacturing their products.
Over and above there are few barriers to entry into the sheep farming industry. Usually, all inputs are readily available. In the nearest future, players in this industry may face the highest costs associated with accessing technology, especially in relation to genetic modification engineering in livestock breeding.
So also, intellectual property rights protecting new inventions and technology may mean that new entrepreneurs coming into the industry will need to pay license fees and this of course will cause increase in the startup fee for a sheep farming business.
AB Pedro® Sheep Farms, LLC is a registered and licensed sheep farming company that will be based in the outskirt of Des Moines, Iowa – United States of America. We have done our detailed market research and feasibility studies and we were able to secure twenty acres of land to build our cattle ranch and start our sheep farming business.
Our sheep farming business is a going to be standard one hence will be involved in commercial breeding of sheep. In the nearest future, hopefully within the first five years of officially running AB Pedro® Sheep Farms, LLC, we will start our milk and wool processing plant and also start exporting our mutton and other by products to other parts of the world.
We are in the sheep farming business because we want to leverage on the vast opportunities available in the industry, to contribute our quota in growing the U.S. economy, in national food (meat and milk) production, raw material production for industries, to export agriculture produce from the United States to other countries and over and above to make profit.
AB Pedro® Sheep Farms, LLC is well positioned to become one of the leading sheep farming businesses in the United States of America, which is why we have been able to source for the best hands and equipment to run the business. We have put process and strategies in place that will help us employ best practices when it comes to sheep farming.
AB Pedro® Sheep Farms, LLC is a private registered sheep farming company that is owned by Andy Bryan Pedro and his immediate family members.
Before starting AB Pedro® Sheep Farms, LLC, Andy Bryan Pedro has worked with some of the leading livestock farms in the United States of America. He has worked in the industry for over 20 years before resigning to start his own sheep farming business.
AB Pedro® Sheep Farms, LLC is a licensed sheep farming business that is committed to producing meat and products such as milk and wool and even the horns and hoofs of sheep. We are in this line of business to make profits and we will ensure that we do all that is permitted by the law to achieve our business aim and objectives.
These are the areas we will concentrate on in our sheep farming business. If need arises, we will definitely add more related services to our list;
Our Business Structure
AB Pedro® Sheep Farms, intends starting small in Des Moines – Iowa, but hopes to grow big in order to compete favorably with leading sheep farms in the industry. We are aware of the importance of building a solid business structure that can support the kind of world class business we want to own.
At AB Pedro® Sheep Farms, LLC, we will ensure that we hire people that are qualified, hardworking, dedicated, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders.
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the management of the farm. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions; Below is the business structure of AB Pedro® Sheep Farms, LLC;
General Farm Manager
Chief Operating Officer:
Administrator/Accountant
Sheep Farming Manager/Supervisor
Sales and Marketing Officer
Field Workers/Contract Staff
Client Service Executive/Front Desk Officer
AB Pedro® Sheep Farms, LLC do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis.
We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard sheep farming business that will favorably compete with leading sheep farming businesses in the United States of America.
Here is a summary from the result of the SWOT analysis that was conducted on behalf of AB Pedro® Sheep Farms, LLC;
Our strength as a sheep farming business is the fact that we have healthy relationships with loads of major players in the industry within and outside of the United States. We have some of the latest tools and equipment that will help us breed our sheep and generate milk and wool in commercial quantities with less stress.
Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Sheep Farming industry in our payroll.
Our weakness could be that we are a new sheep farming business in the United States and we may not have the required cash to pump into the publicity of our business. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business.
Red meat prices dictate the returns for American cattle ranches and feedlots. Increased prices generate an increase in returns per head for farmers.
Sheep and lamb yield red meat, and red meat prices dictate returns to sheep producers. As the price of red meat increases, so too does industry revenue. The price of red meat is expected to rise in the coming year, representing a huge potential opportunity for the industry.
Disease can reduce the national sheep flock and negatively affect industry operators. Additionally, consumer concerns about food safety following disease outbreaks can adversely affect downstream demand for lamb and mutton. While there is no way to anticipate an outbreak, the threat of disease in US livestock negatively affects the industry.
Despite the fact that commercial cattle rearing or better still sheep farming has been in existence since time immemorial, that does not in any way make the industry to be over saturated; commercial sheep farmers are exploring new technology to continue to improve cattle rearing processes and also meat and milk preservation and packaging process.
The fact that there is always a ready market for mutton and its by products makes the business ever green. With the recent advancement in technology, livestock farmers can now improve the various breeds of the animals they are breeding.
As a matter of fact, it is now easier for sheep farming businesses to comfortably import the kind of breed they want from any country of their choice.
The end consumers of mutton and its products and also those who benefit from the business value chain are all encompassing; it is far – reaching. Almost every household consumes produce from sheep farms be it meat, milk, wool, hoof, horns and the skin (leather) used for bags, belts and shoe production et al.
So also, a large chunk of manufacturing companies depends on sheep farming businesses for some of their raw materials.
In essence a sheep farmer should be able to sell his or her farm produce to as many people as possible. We will ensure that we position our business to attract consumers not just in the United States of America alone but also other parts of the world which is why we will be exporting some of our products to other countries of the world.
Our Competitive Advantage
AB Pedro® Sheep Farms, LLC is fully aware that there are competitions when it comes to selling mutton or lamb and its by products, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world.
We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are effective and reliable sheep farming processes that can help us sell our products at competitive prices, good network and excellent relationship management.
Lastly, our employees will be well taken care of, and their welfare package will be amongst the best in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and objectives.
AB Pedro® Sheep Farms, LLC is in the Sheep Farming industry for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives. Below are the sources we intend exploring to generate income for AB Pedro® Sheep Farms, LLC;
From the survey conducted, we were are able to discover that the sales generated by a commercial sheep farming businesses depend on the size of the ranch, the network of the business and of course the quantity of meat they can produce per time.
We have perfected or sales and marketing strategies and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income / profits from the year of operation and build the business from survival to sustainability.
We have been able to examine the Sheep Farming industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below are the projections that we were able to come up with for the first three years of running AB Pedro® Sheep Farms, LLC;
N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters, and unfavorable government policies .
We are quite aware that the reason why some sheep farming businesses hardly make good profits is their inability to sell off their produce to a larger market. In view of that, we decided to partner with some of the leading sheep merchants to help us maximize profits.
In summary, AB Pedro® Sheep Farms, LLC will adopt the following strategies in marketing our mutton and other products;
Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.
Below are the platforms we want to leverage on to boost our sheep farming brand and to promote and advertise our business;
Sale prices for sheep meat and products such as milk and wool and even the horns and hoofs of sheep are subject to fluctuation as part of the sheep cycle of financial markets. The relatively long period it takes sheep farmers to build up a sheep herd and raise new sheep and lamb to the desired weight tends to extend the length of such a cycle.
Generally speaking, a sheep will cost between $2,000 and $3,000. The actual cost depends on the weight of the sheep, the gender, and the breed. Yearlings usually sell for between $800 and $1,500. Sheep will also differ in price based on whether or not they are dairy sheep or wool sheep or meat sheep.
We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers is to sell our products at competitive prices.
One thing is certain, the nature of sheep farming business we are involved in makes it possible for farmers to place prices for their sheep based on their discretion without following the benchmark in the industry. The truth is that it is one of the means of avoiding running into loss. The easier you sell off your sheep when they are mature the better for your business.
The payment policy adopted by AB Pedro® Sheep Farms, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
Here are the payment options that AB Pedro® Sheep Farms, LLC will make available to her clients;
In view of the above, we have chosen banking platforms that will enable our clients make payment of sheep purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.
Below are some of the basic areas we will spend our startup capital in setting up our sheep farming business/cattle ranch;
Going by the report from detailed research and feasibility studies conducted, we will need an average of four hundred and fifty thousand dollars ($450,000) to start a standard sheep farming business in the United States of America.
Generating Funds/Startup Capital for AB Pedro® Sheep Farms, LLC
No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a business such as sheep farming business.
No doubt raising startup capital for a business might not come cheap, but it is a task that an entrepreneur must go through.
AB Pedro® Sheep Farms, LLC is a family owned business and it will be financed by Andy Bryan Pedro and his immediate family members. These are the areas where we intend sourcing for fund for Jonah Livingston and Family Farms Ltd;
N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $250,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
Part of the plans we have in place to sustain AB Pedro® Sheep Farms, LLC is to ensure that we continue to make available in commercial quantities sheep meat (mutton or lamb), and products such as milk and wool and even the horns and hoofs of sheep, deliver quality services, improvise on how to do things faster and cheaper.
We are not going to relent in providing conducive environment for our workers and also the required trainings that will help them deliver excellent services at all times.
From our findings, another factor that kills new businesses is financial leakages. In order to plug financial leakages, the management of AB Pedro® Sheep Farms, LLC adopted the use of payment machine and accounting software to run the business.
We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better. We will not waste time in adopting new technology, and international best practices as it relates to the production of sheep meat and its by products such as milk and wool and even the horns and hoofs of sheep.
AB Pedro® Sheep Farms, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.
We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List/Milestone
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Start your own agriculture farm business plan
Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, opportunity.
The health and vitamin industry is growing at a very quick pace. Customers want to have natural and plant alternatives to medication. They are starting to believe the body is a temple. They don’t want to pollute with chemicals. The industry needs botanical plants that are ready to process as well as give to nurseries for the “do it yourselfers”.
Botanical Bounty is working hard to become a leading producer of botanical plants for the natural supplement industry as well as plant nurseries.
Botanical Bounty has three distinct customers: supplement companies, processors of botanicals for supplement companies, and nurseries that resell the plants.
The first two customers purchase the plants for use in their products which they ultimately sell to the end consumer.
The market for natural supplements is quite exciting. Surveys show that over 158 million consumers (over 55% of U.S. population) use dietary supplements. An estimated 115.3 million consumers buy vitamins and minerals for themselves, and 55.8 million purchase them for other members of their family, including children. Consumer surveys consistently find that nearly half of all Americans now use herbs – a statistic that is particularly remarkable when we realize that today’s herbal products industry is just over a quarter century old.`
Competition takes two forms, farms similar in size and production capacity to Botanical Bounty and megafarms. The similarly sized farms range in size from 5-30 acres. The number of different herbs grown varies from a handful to upwards of 50. The choice of plants grown is based on owner preference as well as location and the ability of the local growing conditions to support the different plants.
It is Botanical Bounty’s mission to become the leading provider of botanical perennials to the health/vitamin industry. This will be accomplished by providing quality plants at fair prices while exceeding customer’s expectations.
To finance our growth and full-time production, we need to purchase $35,000 worth of new equipment as long-term assets taking that total up to $53,800. To that end, we are seeking a $100,000 10-year loan. Sales forecasts conservatively indicate that $190,000 revenue will be generated in year two, rising to over 400,000 by year 4.
Financing needed.
We need to have a $100,000 10 year loan. We will use our $35,000 of cash from our current operations.
Problem worth solving.
There is a growing trend towards plant cures to common diseases or health issues.Consumers care about getting a natural supplement to make them feel better and take care of their body. Because of this the natural market has grown exponentially in the last few years. The market needs high quality botanicals to keep up with demand.
Botanical Bounty has identified three keys that will be instrumental in their success. The first is the implementation of strict financial controls. By having the proper controls, production efficiency will be maximized. The second key will be the never ending pursuit for the industry’s highest concentration levels of botanical ingredients in each plant. The third key is the recognition and implementation of the philosophy that 100% customer satisfaction is required to ensure a profitable business. Profits are a by product of satisfying customers, not the other way around.
Market size & segments.
Botanical Bounty has identified three different target market segments:
Supplement Companies This customer group manufactures botanical supplements for their own label products. The companies purchase the plants and extract the active ingredients and transform them into sellable products for their own brand. There are a handful of large companies that operate in this market space. Ten years ago there were many different ones but through consolidation the industry has grown in size but decreased in the number of different players.
Processors These customers purchase the the plants, extract the botanicals and either sell the concentrated botanicals to the end producers or they themselves produce the supplement and sell the final product to other companies for their private label products. In essence they are the subcontractor for the supplement companies. These companies therefore are one layer within the manufacturing system and do not sell to the end consumer. They act as a supplier/processor for the retail brands.
Other Nurseries/Garden Centers This customer group purchases the plants which they in turn sell at retail to the individual end consumer. The typical consumer is a health conscious individual who is interested in either extracting the botanical from the plant immediately or growing the plant in their own garden for future use.
As mentioned previously, competition takes two forms, farms similar in size and production capacity to Botanical Bounty and megafarms. The similarly sized farms range in size from 5-30 acres. The number of different herbs grown varies from a handful to upwards of 50. The choice of plants grown is based on owner preference as well as location and the ability of the local growing conditions to support the different plants.
On the other end of spectrum is the megafarm. These farms have a similar range of species cultivated, however they differ greatly in production capacity. These farms are huge, typically not less than 100 acres, peaking at 300 acres. These growers however are few number.
The buying patterns of the different customers are typically based on these variables:
Botanical Bounty has a dual competitive edge:
Healthy Plants The healthier the plant, the faster it will grow, the more botanicals that can be extracted from it. This means an increase in production efficiency due to a larger percentage of plants that are sellable. Other characteristics of healthy plants which are important on the production side is: lower pest counts, more established root structures, and high biomass.
High Concentration of Active Botanicals This is beneficial to the purchaser because they are buying the plants precisely for the active botanicals. High concentration levels are valuable to Botanical Bounty because they increase the amount of botanicals produced per plant or per acre, increasing the production capacity of a given amount of land, thereby increasing their return on investment and increasing the attractiveness of Botanical Bounty’s plants relative to the competition.
Our keys to success are:
Marketing plan.
Botanical Bounty’s sales strategy efforts will focus on identifying qualified leads and turning them into paying customers. The main sales effort that Botanical Bounty will undertake is the reinforcement of the fact that Botanical Bounty’s plants have the industry’s highest percentage of botanicals. This will be quite appealing to the buyers as this is exactly what they want, more botanicals per plant. In addition to selling the buyers on Botanical Bounty’s competitive edge of potent plants, there will be an emphasis on Botanical Bounty’s ability to perform on long-term contracts.
Botanical Bounty recognizes that the transactions should not be thought of as individual sales, but as long-term relationships. This is a reasonable assumption based on the fact that the customers are in the business of utilizing botanicals, that they will continually have the need for the botanicals, and that it is far less expensive to establish a relationship with one vendor than to continually have to find new vendors that can meet their needs.
Botanical Bounty is a 10 acre farm that concentrates on the growing of botanical medicinals. Botanical Bounty has chosen five plant species that have significant market demand as well being well suited for growth in the Willamette River Valley. Botanical Bounty will feature: Echinacea – an immune system booster; Ginseng – a source of energy; St John’s Wort – for mild depression; Skullcap- for inflammation; and Ginger – a stomach soother.
Milestones table.
Milestone | Due Date | |
---|---|---|
Jan 09, 2020 | ||
Jan 15, 2020 | ||
July 23, 2020 | ||
Dec 05, 2020 |
Our key metrics are:
Botanical Bounty is an Oregon L.L.C. owned by David and Susan Nealon. The L.L.C. business formation has been chosen as a strategic way to shield the Nealons from personal liability.
Botanical Bounty has been in operation for two years. Initially it was started as a hobby where Susan could use her plant biology skills while covering some of the costs. The Nealon’s were able to achieve this lifestyle due to a windfall that David received as a result of exercised stock options. After the second year, the Nealon’s decided that although they had the money to live on for many years, it would be irresponsible to needlessly spend it so they got serious about the business and made a concerted effort to become profitable.
Botanical Bounty has chosen the Willamette River Valley as an ideal place to grow perennials. Botanical Bounty has 10 acres of land which they use for production. During several of the winter months, production is moved into their green house for propagation. Botanical Bounty employs a drip irrigation system for all of the plants.
Botanical Bounty will be lead by the husband and wife team of David and Sue Nealon. David brings a wealth of business and project management skills to the company. While working at Yahoo!, David was responsible for the successful launch and market lead capture of Yahoo!s driving directions section. Utilizing these skills, David will be responsible for the business operations of the farm. Sue, with a background of plant biology will be the driving force of the operation, growing the highest active ingredient content plants in the country. Additionally, because of her wealth of knowledge, she will be the leader of the sales department.
2020 | 2021 | 2022 | |
---|---|---|---|
David | $25,200 | $25,704 | $26,218 |
Sue | $26,400 | $26,928 | $27,467 |
Grower | $21,600 | $22,032 | $22,473 |
Laborers (3.08) | $40,500 | $55,080 | $74,908 |
Totals | $113,700 | $129,744 | $151,066 |
Key assumptions.
Our key assumptions
Expenses by month, net profit (or loss) by year, use of funds.
We will be using the loan to purchase machines and to expand our farm and our personnel to grow the highest quality botanicals and process them so they can be turned into vitamins or other products that give the customer a natural cure.
We are leveraging our business to get an $100,000 10-year loan. We will also be using the cash on hand from our current business.
2020 | 2021 | 2022 | |
---|---|---|---|
Revenue | $208,590 | $307,600 | $419,600 |
Direct Costs | $62,577 | $92,280 | $125,880 |
Gross Margin | $146,013 | $215,320 | $293,720 |
Gross Margin % | 70% | 70% | 70% |
Operating Expenses | |||
Salaries & Wages | $113,700 | $129,744 | $151,066 |
Employee Related Expenses | $22,740 | $25,949 | $30,213 |
Sales and Marketing | $10,500 | $5,400 | $5,500 |
Rent | $24,000 | $24,000 | $24,000 |
Utilities | $6,000 | $6,000 | $6,000 |
Insurance | $3,000 | $3,000 | $3,000 |
Total Operating Expenses | $179,940 | $194,093 | $219,779 |
Operating Income | ($33,927) | $21,227 | $73,941 |
Interest Incurred | $7,129 | $7,238 | $6,631 |
Depreciation and Amortization | $5,830 | $5,830 | $5,830 |
Gain or Loss from Sale of Assets | |||
Income Taxes | $0 | $0 | $2,730 |
Total Expenses | $255,476 | $299,441 | $360,850 |
Net Profit | ($46,886) | $8,159 | $58,750 |
Net Profit/Sales | (22%) | 3% | 14% |
2020 | 2021 | 2022 | |
---|---|---|---|
Cash | $24,463 | $29,034 | $87,541 |
Accounts Receivable | $0 | $0 | $0 |
Inventory | $7,690 | $10,490 | $10,490 |
Other Current Assets | |||
Total Current Assets | $32,152 | $39,524 | $98,030 |
Long-Term Assets | $58,300 | $58,300 | $58,300 |
Accumulated Depreciation | ($5,830) | ($11,660) | ($17,490) |
Total Long-Term Assets | $52,470 | $46,640 | $40,810 |
Total Assets | $84,622 | $86,164 | $138,840 |
Accounts Payable | $2,722 | $3,422 | $3,424 |
Income Taxes Payable | $0 | $0 | $1,850 |
Sales Taxes Payable | |||
Short-Term Debt | $7,318 | $7,925 | $8,583 |
Prepaid Revenue | |||
Total Current Liabilities | $10,040 | $11,347 | $13,857 |
Long-Term Debt | $86,468 | $78,543 | $69,961 |
Long-Term Liabilities | $86,468 | $78,543 | $69,961 |
Total Liabilities | $96,508 | $89,891 | $83,818 |
Paid-In Capital | $35,000 | $35,000 | $35,000 |
Retained Earnings | ($46,886) | ($38,727) | |
Earnings | ($46,886) | $8,159 | $58,750 |
Total Owner’s Equity | ($11,886) | ($3,727) | $55,023 |
Total Liabilities & Equity | $84,622 | $86,164 | $138,840 |
2020 | 2021 | 2022 | |
---|---|---|---|
Net Cash Flow from Operations | |||
Net Profit | ($46,886) | $8,159 | $58,750 |
Depreciation & Amortization | $5,830 | $5,830 | $5,830 |
Change in Accounts Receivable | $0 | $0 | $0 |
Change in Inventory | ($7,690) | ($2,800) | $0 |
Change in Accounts Payable | $2,722 | $700 | $2 |
Change in Income Tax Payable | $0 | $0 | $1,850 |
Change in Sales Tax Payable | |||
Change in Prepaid Revenue | |||
Net Cash Flow from Operations | ($46,023) | $11,889 | $66,432 |
Investing & Financing | |||
Assets Purchased or Sold | ($58,300) | ||
Net Cash from Investing | ($58,300) | ||
Investments Received | $35,000 | ||
Dividends & Distributions | |||
Change in Short-Term Debt | $7,318 | $607 | $658 |
Change in Long-Term Debt | $86,468 | ($7,925) | ($8,583) |
Net Cash from Financing | $128,786 | ($7,318) | ($7,925) |
Cash at Beginning of Period | $0 | $24,463 | $29,034 |
Net Change in Cash | $24,463 | $4,571 | $58,507 |
Cash at End of Period | $24,463 | $29,034 | $87,541 |
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Veterinarians – You will need to have appointment with a veterinary Doctors near you for periodic check-up and vaccination.
Other livestock farming.
For LIVESTOCK FARMING – FREE BUSINESS PLAN TEMPLATE, do you desire a functioning business plan with financial projections for startups and competitive analysis in business plan. These are only obtainable from Completefmc.com. There are various types of lean startup business plan, medium scale and large scale business plans. So, you can have your transportation business plan, dropshipping business plan, salon business plan examples and cleaning business plan. Then there are liquor store business plan and microgreens business plan for investors. Contact us on [email protected] or +234 8034347851
Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
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Download this agriculture farm sample business plan PDF for free right now, or visit Bplans' gallery of more than 550 sample business plans if you're looking for more options. Brought to you by. Create a professional business plan Using AI and step-by-step instructions Create Your Plan. Secure funding.
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.
Five-year plan. Year One: 20XX. Create a legal business entity. Apply for necessary licenses and permits. Finalize farm layout. Procure additional equipment. Establish social media profiles. Build a small farm stand. Attend farmer's markets.
combinepdf(3).pdf. This example beginning farmer business plan is written by staff from the Intervale Center with funding from the USDA Beginning Farmer and Rancher Development grant in partnership with Vermont Land Trust and the Vermont Farm and Forest Viability Program. Nikki Lennart, Farm Business Specialist Sam Smith, Farm Business Director ...
AgPlan from the University of Minnesota helps rural business owners develop a business plan for free, while also offering sample business plans for ideas, and a way to print or download your plan. Developing a Farm Business Plan includes several helpful resources from the USDA National Agricultural Library's Rural Information Center.
Here are a few tips for writing the market analysis section of your small farming business plan: Conduct market research, industry reports, and surveys to gather data. Provide specific and detailed information whenever possible. Illustrate your points with charts and graphs. Write your business plan keeping your target audience in mind. 4.
Sample Business Plan For Farms & Agricultural Businesses. Executive Summary - The Executive Summary is the most important part of your business plan. It is a brief description of your farm, its products and services, potential market opportunity, and competitive advantage. Company Overview - Also called the Company Analysis, here, you will ...
Find the right agriculture business plan template for your business. If you're not sure where to begin, check out our farms, food growers, food production facilities, and other agriculture-related sample business plans for inspiration. Explore our library of Farm and Agriculture Business Plan Templates and find inspiration for your own business.
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 ...
Follow these tips to quickly develop a working business plan from this sample. 1. Don't worry about finding an exact match. We have over 550 sample business plan templates. So, make sure the plan is a close match, but don't get hung up on the details. Your business is unique and will differ from any example or template you come across.
Our team has helped develop over 100,000 business plans over the past 20 years, including thousands of farm business plans. The following farm business plan template and example gives you the key elements you must include in your plan. In our experience speaking with lenders and investors, the template is organized in the precise format they want.
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 ...
Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the farm business industry. Discuss the type of farm business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan.
The purpose of this section is to -. - Establish what is important to your farm business (values) - Establish a vision to work towards. - Set goals to guide your plans. - Create the base for your decision making. - Describe your current situation. your businessValues, Mission and Goals Values - What are they and.
A business plan is a roadmap for your small farm. It is both process and product. During the writing of a farm business plan, you'll develop an overall vision and mission for your business. You ...
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 ...
The FCC business plan bundles were designed specifically for Canadian producers, food and beverage entrepreneurs or anyone involved in Canadian agriculture and food. The bundle includes: Bundle includes: Word documents and pdfs. By accessing, downloading, and using the FCC Business Tool Template, you acknowledge and agree that any use of the ...
Produce Farm Business Plan. Mixed Greens Salad Gardens specializes in exotic salad field greens for local restaurants. When you run a farm, you've got to know all about growing things, including your business. A business plan will help. This selection of farm-related sample business plans will give you a head start on writing a business plan ...
This should include proposals , marketing, and budget. Truly, there is no easy business. So, plan long-term, and everything else will follow. 2. Provide an Executive Summary. Next, you have to learn how to write an executive summary for your business plan. Especially for farm business startups, an executive summary is one of the parts of the ...
A Sample Sheep Farming Business Plan Template. 1. Industry Overview. Sheep farmers primarily raise or fatten sheep and lambs for their wool, meat, milk or sale to other farmers. Meat derived from these animals is separated into two categories, which include lamb and mutton. Lamb is meat from sheep less than one year old, while mutton refers to ...
Poultry Farming Business Plan Template - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. This document provides a sample business plan template for starting a poultry farm. It includes sections on the business overview, market analysis, competitive advantage, and sales/marketing strategy. The business overview describes the large market for ...
Cash at End of Period. $24,463. $29,034. $87,541. Download This Plan. Explore a real-world agriculture farm business plan example and download a free template with this information to start writing your own business plan.
LIVESTOCK FARMING - FREE BUSINESS PLAN TEMPLATE. 2. Pig Farming in Nigeria: Pig farming has began to become popular among livestock farmers in Nigeria in the recent time. Pork, the by-product of the farm, is said to be fetching huge billions of Naira annual revenue in Nigeria.