n this video, Andy Larson, farm financial consultant with the Food Finance Institute and also the Wisconsin Small Business Development Centers, talks about financing options for a rural food or farm business. We’re going to spend most of our time talking about traditional banks and traditional lending, but also bring up a number of options that are more non-traditional, if you don’t want to use a bank or you can’t.
Getting Started in Your Food or Farm Business video series highlights the key components of food and farm entrepreneurship and introduces you to the tools, skills, and resources you need to successfully start your own food or farm business.
In this video,Katie Wantoch, Extension Farm Management Outreach Specialist, talks about considerations when filing an income tax return for the food or farm business.
Take the next step by checking out the Farmers’ Guide to Business Structures Guide UW Center for Cooperatives Farm Commons Starting a Business – WI Department of Revenue Wisconsin One Stop Business Registration Portal Starting and Running a Business – Legal Food Hub Start Your Business – Small Business Development Center IRS – Nonprofit Resources […]
In this video, Katie Wantoch, Extension Farm Management Outreach Specialist, talks about the importance of financial statements and how they impact the future of the business.
In this video, Katie Wantoch, Extension Farm Management Outreach Specialist, talks about the importance of recordkeeping and introduces the farm business financial model.
This guide was developed jointly by UW-Madison Extension, USDA agencies, and DATCP to provide producers just getting started in agriculture with a well-rounded resource. Set up as a road map, it walks beginning farmers through a variety of resources available to support them through their journey of starting an agriculture operation, farm, or food business.
This article is one of a series of articles about worksheets in Cultivating Your Farm’s Future: a workbook for farm succession planning in Wisconsin. Cultivating Your Farm’s Future: a workbook for farm succession planning in Wisconsin was developed as a companion piece for Extension farm succession programs. It is designed to help family members and […]
This article is one of a series of articles about worksheets in Cultivating Your Farm’s Future: a workbook for farm succession planning in Wisconsin. Cultivating Your Farm’s Future: a workbook for farm succession planning in Wisconsin was developed as a companion piece for Extension farm succession programs. It is designed to help family members and […]
Some takeaways for today’s presentation include accessing land where do you begin, navigating lease agreements, negotiation for success, and resources to get you connected?
How would you describe your attitude or emotions to the words “farm succession planning”? Excited, hopeful, motivated? Or maybe the words that come to mind are apprehensive, stressed, or conflicted. Perhaps at different times all these words can be used to describe your attitude about farm succession.
Setting a price for a new food product in the marketplace is no easy task. In this video, we’re going to help you think about all the different facets that you need to consider to do it right.
Market characteristics is who typically makes the decision to purchase your product, this may or may not be the person who has ultimately consumed the food product that you have. As an example, a product may be appealing to young kids, but they’re not the ones purchasing the product, so you want to reach their parents.
Take the next step by exploring the Edible-Alpha® Learning Center Getting Expert Advice When Starting a Farm Business Extension Food Business Development Creating a Value-Added Business Model That Works
The possibility of a next-generation joining the farm can be an exciting time; yet change, even positive change, can be stressful. Farm succession and its many components is sometimes overwhelming for farm families.
The takeaways of this video are: What is a business model? How can you use the business model canvas to flesh out your business idea? And how do you explain the value that you bring?
Entrepreneurship supports the overall higher GDP for cities and counties, and it’s an opportunity to support underserved and marginalized populations to get out of poverty and reduce their dependence on welfare. Entrepreneurs tend to also be able to provide a lot of innovative products as well as services. Often they will fill niches that may not exist in the community, such as ethnic grocery stores.
The first step in determining the feasibility of a business idea is objectively defining what success looks like, preferably using measurable numbers. Unsurprisingly, time and money tend to be most people’s biggest constraint.
Take the next step by Establishing Your Values and Purpose – Strategic Thinking for the Farm Business Getting Expert Advice When Starting a Farm Business Set Your Farm Strategy with Daily Habits What is Strategic Thinking? Extension Food Business Development
