Business Planning Agricultural producers provide the sustenance for human life. In addition to food, fiber and fuel they also provide a vital role in the sustainability of rural communities. They are wealth builders who provide the economic stimulus that support the communities' livelihood. They are the leaders of the local organizations. They must be successful else local infrastructure fades into the sunset with little hope of returning. The success of agricultural producers depends heavily on their individual ability to plan properly for the many perils inherent to production agriculture. Extreme weather and price volatility are the new normal. Planning how the farm business will navigate through these challenges is paramount to the future success of the business. Developing a written business plan requires considerable time and thought. It requires communication and continuing dialogue with all stakeholders of the business. The business plan has a standard list of components beginning with a mission or vision statement and ending with a financial plan. This presentation will discuss the different components of the business plan and the relevance of each component.
Oral presentation and poster titles, abstracts, and authors from the Society for Range Management (SRM) Annual Meetings and Tradeshows, from 2013 forward.