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:
As a producer and a person who’s committed to learning, growing and contributing within the Australian agricultural sector, there’s a heap of valuable resources available to me online but they’re all over the place.
In essence, Farm Table will package all of those ‘tools’ into one ‘toolbox’ for me, saving me a huge amount of time and frustration.
I’ll be able to tailor my Farm Table profile to my specific needs and interests, giving me access to really pertinent information.
Tom Heggaton, Farm Manager, Galong
It can be a bit overwhelming when looking for a particular information source on the internet, and I personally view The Farm Table as a great resource that does the hard work for me!
The ability to have a one stop central site that previews and accumulates similar groups of data and information is hugely beneficial and makes my life easier.
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The Farm Table will save so much time; to have all the information in one reputable place and to know where to start looking rather than endless searching is an asset to the whole sector.
I am so excited for the new look Farm Table. I can already see huge advantages and know it will have a positive impact on our business.