Class Title: Developing a Business Plan for Sustainable Farming
Class Book: “Building a Sustainable Business: A Guide to Developing a Business Plan for Farms and Rural Businesses” Minnesota Institute for Sustainable Agriculture (MISA).
Class Periods: 1 ½ hour class periods conducted each week.
Class overview: Business planning is an important part of owning and managing a farm. Producers traditionally go through the business planning process to:
Evaluate production alternatives;
Identify new market opportunities; and
Communicate their ideas to lenders, business partners and family.
This class helps producers or beginning farmers consider innovative management practices and analyze immature markets. Class members will develop a business plans to map out strategies for taking advantage of new opportunities such as organic farming, on-farm processing, direct marketing and rural tourism. A series of worksheets will be used to develop a business plan which helps the students demonstrate that they have fully researched their proposed alternative; they know how to produce their product, how to sell what they produce, and how to manage financial risk.
Class Fees: $250 plus books