Information on developing agricultural or forestry business plans

Information on developing agricultural or forestry business plans

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New UT Extension publication series can help producers with agribusiness management

Experts with the UT Centre of Farm Management assist producers with developing farm and economical management strategies by means of just one-on-a single consultations. A check out with producer Steve Harrison was showcased in a UTIA online video information launch. (Image courtesy UTIA)

KNOXVILLE, Tenn. — A composed company program is a critical danger administration tool for company house owners for creating educated selections, and this kind of a approach is usually expected to secure financing or grant funding. College of Tennessee Extension professionals have made a new collection of publications designed to assistance agricultural and forestry companies produce robust company programs.

“The procedure of acquiring a enterprise prepare is helpful in pinpointing procedures to use methods proficiently and improve profitability,” suggests Rachel Painter, UT Extension worth-additional agriculture promoting expert with the Heart for Rewarding Agriculture. Painter co-authors the publications. “A organization approach is a comprehensive doc that defines and summarizes how assets and funding will be used to understand money, advertising and marketing and operational plans. A strategy can assistance appraise option enterprises, discover current market chances, and converse options, targets, and requests to lenders and organization stakeholders,” she explained.

Painter labored with Les Humpal, UT Extension farm administration professional with the Heart of Farm Administration, to build the publication sequence in collaboration with the Tennessee Division of Agriculture Enterprise Development Division. Professionals with equally UT facilities assist producers statewide with building farm and financial administration programs and advertising and marketing designs via just one-on-just one consultations and instructional courses.

Tennessee Agriculture Commissioner Charlie Hatcher, D.V.M., reported, “TDA’s employees will use these equipment to help producers who look for to enhance their functions and those people who use for one of our value share programs. No matter if they have to have support with company, economical or advertising programs, the publications supply the framework for robust apps.”

UT Extension Dean Ashley Stokes adds that aiding producers thrive is between Extension’s core missions. “UT Extension is dedicated to assisting producers with their operations. A sturdy agricultural and forestry neighborhood aids all the citizens of Tennessee,” she said.

The business planning publications can be uncovered online at the internet site for UT Extension publications: Search for every a single by title:

Organization Organizing for Agricultural Operations
Organization Arranging for Agricultural Operations: Enterprise Description
Business Preparing for Agricultural Functions: Advertising Program
Business Scheduling for Agricultural Functions: Fiscal Prepare

For extra information about the Middle of Farm Management, visit To find out about the Heart for Successful Agriculture, visit

By way of its land-grant mission of study, teaching and extension, the College of Tennessee Institute of Agriculture touches lives and delivers True. Daily life. Answers.

–Rachel Painter, UT