BUSINESS NAME
PREPARER’S NAME
PREPARED DATE

BUSINESS OVERVIEW

Explain your plans and goals for your operation (both short-term and long-term).

Click or tap here to enter text.

Describe your background in agriculture. What skills, knowledge and passion do you bring to your operation?

Click or tap here to enter text.

Share information on your business’s history. How long has it been in operation, who were previous owners, etc.?

Click or tap here to enter text.

Describe the strengths of your operation.

Click or tap here to enter text.

Describe the weaknesses of your operation.

Click or tap here to enter text.

How do you evaluate risk on your operation? What is your risk appetite and how do you mitigate risks associated with your operation?

Click or tap here to enter text.

What is the ownership structure of your operation?

Click or tap here to enter text.

OPERATIONS AND PRODUCTIONS

Describe your products and services provided.

Click or tap here to enter text.

How and where do you produce your products and services? Describe any production techniques, inventory control, key suppliers, etc.

Click or tap here to enter text.

MARKETING STRATEGY

Describe the industry you serve and your target market for your products or services.

Click or tap here to enter text.

Describe how your product is sold.

Click or tap here to enter text.

How will you remain competitive in the marketplace? Describe anticipated obstacles and plans for overcoming these obstacles.

Click or tap here to enter text.

CONTINGENCY PLAN

What happens if you become sick or disabled? List any alliances, relationships or networking arrangements.

Click or tap here to enter text.

How will you adapt your operation or family living costs if you have extenuating circumstances such as crop failure, weather or other disasters?

Click or tap here to enter text.

Describe your operation’s support system. List any family or informal partnerships, networks or alliances.

Click or tap here to enter text.

FINANCIAL INFORMATION

Balance Sheet – Please provide a current balance sheet with your business plan. A template balance sheet is available at agchoice.com.

Cash Income Statement – Please complete the information below or provide the most recent year’s income statement.

YEAR
FARM REVENUE	FARM EXPENSES
ITEM	$	ITEM	$
Crops	Car and truck
Livestock	Chemicals
Cull breeding livestock	Conservation
Government payments	Custom hire
Custom work	Depreciation
Other farm income	Employee benefits
Feed
Fertilizer
Freight and trucking
Gas, fuel, oil
Insurance
Interest
Labor
Rent
Repairs, maintenance
Seed
Storage
Supplies
Taxes
Utilities
Vet, breeding, medicine
Other farm expenses
TOTAL REVENUE	TOTAL EXPENSES
NET FARM INCOME (TOTAL REVENUE – TOTAL EXPENSES)