Business Plan

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Updated: August 30, 2021

Custom Work Charges in Maryland

Introduction Financial and economic considerations such as limited capital, untimely cash flow, insufficient labor, small acreage or other reasons require farmers to hire custom service for field operations. Custom work charges are determined by demand and supply and are negotiated between farmers and custom operators. The purpose of this publication is to provide information on custom work charges in Maryland and to provide data to assist in decision-making regarding purchasing equipment.
Updated: June 11, 2021

How Much Does It Cost You to Produce a CWT of Milk?

What price are you getting per cwt of milk? Like most dairy farmers, you know the price or you can get it quickly by reviewing milk check receipts. How much does it cost you to produce a cwt of milk? Like many dairy farmers, you may not know. Dairy farming is complex, and determining your costs of production is sometimes difficult. Yet, your costs directly affect your profit, and it is important to understand them.
Dairy cows feeding
Updated: June 4, 2021

Can SMART Ever Be Dumb??

December is often a “Slam” month for most direct marketers. Holiday sales, year-end inventories to conduct, annual profit projections, and the final push of multiple last quarter marketing initiatives that were often launched even before Halloween. The major goal is to end the year in the financial black. Other goals now take a back seat.
Updated: February 17, 2021

Creating a Business of Continuity Plan

A continuity of business (C.O.B) plan is created to outline business functions in the event of a major disruption. It addresses issues such as loss of income, protecting employees and essential business activities. Businesses large and small should develop a plan and create a document that shares essential business operations in preparation, during and following a major disruption in business operations.
Woman in center of screen typing notes on a computer during a beginning farmer class
Updated: February 16, 2021

Farm Business Planning

Planning is essential to any business, no matter how large or small your inventory, payroll and bank account. To be sustainable and profitable a farm operation must have a clear understanding of production, marketing, finances and labor. Having these plans mentally is not enough! Taking time to formulate thoughts, evaluate your business, devise a strategy, and anticipate possible problems will help your business be successful. The Farm Business Planning tools on this page will help put you on the right track.
Cover image of the Farm Business Planning Workbook
Updated: February 11, 2021

Your Ag Business Venture: Dream, Plan, Implement!

Your Ag Business Venture: Dream, Plan, Implement is a guide designed to put you in the driver's seat while on the road to making your ag business idea a reality. There are many good tools and resources within this guide to help you along the way.
Road with white farm fencing
Updated: January 8, 2021

Developing a Forest Stewardship Plan: The Key to Forest Management (FS-625)

Forest stewardship is the management of forest resources in a way that meets the needs of the current owners, but does not adversely affect use by future generations. A forest stewardship plan is a working guide that allows the landowner to maximize the wildlife, timber, recreation, aesthetic value, and other benefits of owning woodland. A good plan combines the characteristics of the woodlot with the interests and objectives of the owner to produce a set of forest management recommendations.