BF 202: Writing a Business Plan

Planning for Long-term Success

Whether you intend to borrow money or not, heading into a farm venture without a business plan is like setting out on a long-distance journey without a map. Arm yourself with a business plan and you will have a guide to aid your farm decision-making and demonstrate to yourself and your family that your ideas are feasible. This steady-paced course is designed to help you build your plan, including developing financial statements.

Target Audience

All levels – This course is geared for new farmers as well as those expanding or transitioning from one farm enterprise to another. Before enrolling in this course you should already know the type of farm you want, some short-term and longer-term farm business goals, and the geographic area or state where you intend to farm. You should have at least some first-hand experience with farming, including personal research into the type of farm you will operate.

NOTE: If you are new to farming or are still exploring ideas, it may be helpful to take BF 101: Starting at Square One before enrolling in BF 202.

Course Objectives

Upon completing this course, you will have a full business plan in a format ready to be implemented on the farm. The business plan may be used to guide you in decision-making in the course of running the farm business. Additionally, the business plan will be in a form ready to submit to a banker, private investor or grantor, in the event you are seeking outside funding.

Graduates of BF 202 have obtained equipment and operating loans, and mortgages, for start-up and expanding farms.

Webinars

The bulk of the course happens on your own time, with discussions, readings, and assignments in Teachable, our virtual classroom. To add to the experience, webinars will be woven into the online interface of the course to allow you to meet on a weekly basis to learn from outside presenters, ask questions, and collaborate with other participants and the instructor to address your farm issues in real time. If you miss one, they are always recorded and posted for later viewing.

Webinar Schedule

Live instruction for the 2021-2022 season will begin on Mon. Jan 10, 2022 from 6:00-7:30pm Eastern time, and continue for 6 weeks, with the final webinar on Mon. Feb 14. While we encourage live attendance so you have the opportunity to engage with the presenters and ask questions, all webinars we will be posted in our online classroom for students to watch anytime.