Do you develop farm business plans and farm budgets? Why are they important?
“Failing to plan is planning to fail” – Alan Lakein.
Business planning and farm planning arevital ingredient and drivers of farm business profitability and sustainability. Inside this toolkit, producers can access resources on whole farm planning, business planning, budgeting and gross margin and enterprise planning.
Taking time to make goals, having a whole farm plan and analysing and monitoring enterprise profitability are recommended processes to implement in your business.
Business planning provides a chance to farm the future of your farm and business and is a first important planning step. A plan is effectively a blueprint that sets out your vision, your current state and how to plan to reach your goals. It is not a static document and should be revisited regularly.
The resources within this guide can assist with your goal setting, provide business plan templates, and help guide you to prepare your own business plan. For budgeting specific resources head over to our Farm Budgeting Hub.
This Farm Business Plan Guide can help if the following questions are on your mind: