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For livestock operations, an inventory of animals would be included here.
Farmers may want to describe their cropping rotations on various properties and why they use them.
Land monitoring practices and plans for mitigating soil erosion or noxious weeds are among the many important elements that can be added to this section over time.
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.
So, my goal with this article is to get you started by providing six key components to include in your farm or ranch business plan.
Make these six components your headings and start filling in the details as described below.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, 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.Whereas other sections of your business plan may not need to be updated more than every few years, this section needs updating on a regular basis.This section will be the section your lender will be most interested in seeing, but that doesn’t diminish the importance of the other five sections preceding it. Business plans need regular updating after they are developed and are never really done.Like the land resource management section, this is a section where having pages ready to print out and share with employees is a great communication resource.It can also make it easy to share information with your veterinarian or nutritionist to get his or her feedback on the management plans you have in place for your livestock. Marketing Plan A good marketing plan can take some time to build but starting one is easy.Populate each of them with some information now and then build in more detail as you go focusing on a few sections at a time. Business plans are best done as a team as it helps get the best ideas into written form, speeds up the process of getting them done, and helps create buy-ins from everyone to follow through with the plan once it is developed. Getting a business plan down in writing gets you moving in the right direction toward reaping the full benefits of running a successful farm or ranch business.