Assessing Your Farm Business Plan
The plan is designed to help appraise a new or additional farm business enterprise to determine how well the plan has been completed, the practicality of the plan, and the likelihood of achieving business success. This tool provides a series of statements about farm strategies, product development, human and farm resources, financial needs, and implementation strategies. The tool does not ask every possible question, but rather a sampling of questions about the different sections of your plan‐ the goals you have for the business, product development and marketability, implementation strategies, resource inventories including finances and labor, budgets, and marketing plans. The tool is designed for and targets you, farmers and agri-entrepreneurs, who have thoughtfully researched and written a business plan and want an assessment of the probability of having your business succeed. The assessment will not be as accurate if it is conducted on just your business ideas or if it is completed on a plan written for you by someone else. Use it on the formal business plan that you have written using the Farm Business Planning workbook (Beale, Dill, & Johnson) posted on the mredc.umd.edu site.
- Mission and Goals
- Do You Have a Marketable Product?
- Farm Strategy
- Marketing Strategy and Plan
- Enterprise Analysis and Plan
- Financial Plan
- Implementation Strategy
- Human Resources Plan
- Resource Inventory
