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Free Agriculture Sample Business Plan PDF + How to Write
Elon Glucklich
6 min. read
Updated February 7, 2024
Free Download: Agriculture Business Plan Template
As a farmer, you’re in the business of putting food on the table. Agriculture is one of the world’s oldest professions.
Today it accounts for over 5% of U.S. Gross Domestic Product, and 1 in 10 American workers are in agriculture, food, and related industries.
But starting a new agriculture business requires intensive planning and upfront preparation. If you’re looking for a free, downloadable agriculture sample business plan PDF to help you create a business plan of your own, look no further.
Keep in mind that you don’t need to find a sample business plan that exactly matches your farm. Whether you’re launching a larger agricultural business outside a bustling city or a smaller organic operation, the details will be different, but the foundation of the plan will be the same.
Are you writing a business plan for your farm because you’re seeking a loan? Is your primary concern outlining a clear path for sales growth? Either way, you’re going to want to edit and customize it so it fits your particular farm.
No two agriculture farming businesses are alike.
For example, your strategy will be very different if you’re a dairy operation instead of a soybean farm. So take the time to create your own financial forecasts and do enough market research for your specific type of agriculture so you have a solid plan for success.
- What should you include in an agriculture farm business plan?
Your agriculture business plan doesn’t need to be hundreds of pages—keep it as short and focused as you can. You’ll probably want to include each of these sections:
1. Executive summary
An overview of your agriculture business, with a brief description of your products or services, your legal structure, and a snapshot of your future plans. While it’s the first part of the plan, it’s often easier to write your executive summary last.
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2. Business summary and funding needs
Details about your farming operation, including how much capital you will need and the types of funding you’re considering. Include your business history, your current state, and your future projections. It should also cover your business location, the equipment and facilities needed, and the kinds of crops or livestock you plan to raise.
3. Products and services
Provide details on the types of crops, farming methods, and any value-added products you plan to offer, such as finished goods or even agritourism offerings .
4. Marketing plan
Compile your market research findings, including the demand for your products or services, your target customers , and your competitors. It should also outline your marketing strategy—how you plan to attract and retain customers.
5. Financial plan
Your revenue projections, cost estimates, and break-even analysis. Your financial plan and forecasts should demonstrate that your business has a path to profitability.
- Building on your farm business plan sample
With a free agriculture business plan template as your starting point, you can start chipping away at the unique elements of your business plan.
As the business owner, only you can speak to aspects of your agriculture operation like your mission and core values.
You’re putting in the long hours to start a thriving farm business, so aspects of your mission – like a commitment to sustainable farming practices – will be best explained in your own words. Authenticity will help you connect with a growing market of consumers who value transparency and environmental stewardship in their food sources.
As for more conventional aspects of business planning , you will want to take on things like your marketing and financial plans one at a time. Here are a few specific areas to focus on when writing your business plan.
Invest time in market research
Starting an agriculture operation requires significant startup costs. When you throw in the unique land use considerations involved, it’s crucial to conduct thorough market research before investing hundreds of thousands – or even millions – of dollars into a farm business.
Start by researching the types of farms operating in your locality and wider region, and the specific crops or livestock they specialize in. You will need to understand seasonal trends, including crop yields and livestock productivity.
Note the demographics of the local community to understand their buying habits and preference for local produce. Also, be aware of the competitive landscape and how your farm can differentiate itself from others. All of this information will inform your service, pricing, marketing, and partnership strategy.
From there, you can outline how you plan to reach your target market and promote your farm’s offerings.
Craft your agriculture go-to-market strategy
One of the things that makes an agriculture farm business plan different from some service-based business plans is that you might decide to work only with one or two businesses that purchase your goods.
You may offer different tiers of products to different types of buyers, such as produce for an organic farmers market, and corn for another farm’s animal feed. If that’s the case, make sure you include ideas like setting aside land for organic growth and maintenance.
Discuss your advertising and promotional strategies, emphasizing channels relevant to your target market. Also, consider how partnerships with local businesses, farmers’ markets, and other industry stakeholders can enhance your visibility.
Include your pricing strategy and any special promotions or loyalty programs. Also, consider public relations and media outreach efforts that can raise awareness about your farm and its sustainable practices.
Prepare for unique farming challenges
Running an agricultural business comes with its own set of challenges, including weather-related disruptions and market volatility. Your business plan should identify these potential risks and present contingency plans to address them.
Include a plan to mitigate weather-related risks, such as crop diversification, employing weather-resistant farming practices, investing in appropriate infrastructure like greenhouses or drainage systems, or taking out insurance to cover weather-related losses.
Detail the operational aspects of your business , including land ownership, employee status, farm maintenance, and safety requirements. Also, illustrate your strategies for managing crop production, livestock care, land stewardship, and regulatory compliance.
Plan for the future
Contingency planning is important in all businesses.
But the unique challenges in agriculture of changing market dynamics, regulatory changes, and climate impacts make it especially necessary to plan for the future. Detail how you’ll measure success, and how you will be prepared to adapt your offerings if you need to change the focus of the business due to factors outside your control.
Also, be ready to discuss opportunities for scaling your business over time, such as introducing new crops, expanding farm operations, or opening additional locations.
- Get started with your farm business plan sample
There are obviously plenty of reasons farm owners can benefit from writing a business plan — for example, you’ll need one if you’re seeking a loan or investment. Even if you’re not seeking funding, the process of thinking through every aspect of your business will help you make sure you’re not overlooking anything critical as you grow.
Download this agriculture farm sample business plan PDF for free right now, or visit Bplans’ gallery of more than 550 sample business plans if you’re looking for more options.
Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.
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Feed and Farm Supply Business Plan
Published Jan.04, 2024
Updated Sep.14, 2024
By: Cynthia Turner
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Table of Content
A feed and farm supply business plan describes your business operations. A good business plan, like this farm business plan example , shows your vision, goals, strategies, and financial projections. A well-written business plan helps farmers, ranchers, hobbyists, or pet owners get investors and lenders and stand out from competitors.
This article provides a feed and farm supply business plan sample for you to use as a template. Customize it to fit your needs and situation.
Executive Summary
The executive summary is a brief overview of the business plan, showing key information and main points. It aims to engage the reader and motivate them to read the full business plan.
The executive summary for a farm supply and feed store business plan should have:
- Business name and location
- Mission and vision statements
- Business concept
- Products and services
- Target market
- Competitive advantage
- Implementation strategy
- Financial summary
To write an effective executive summary, follow these tips:
- Write it last, after finishing the other sections
- Use bullet points, headings, and subheadings
- Use clear and simple language, avoiding jargon
- Keep it to one or two pages as in our fruit and vegetable business plan example.
Company Overview
The company overview describes the business, its background and context. It should show the history, origin, and motivation of the business, and the current and future plans.
The company overview for a feed and farm supply business plan should include:
- Business history
- Ownership and legal structure
- Goals and objectives
- Current situation
- Future plans
- SWOT analysis
Some tips for writing the company overview are:
- Provide relevant and factual information, with evidence.
- Use charts, graphs, tables, and images to present data. See our organic farming business plan example.
- Structure the overview clearly and logically.
- Be realistic and honest about your business.
Industry Analysis
The industry analysis describes the feed and farm supply industry, its current state and trends, and how your business fits in. It shows your industry knowledge and understanding, and helps you identify opportunities and threats.
For example, here are some industry facts:
- The US Farm Supply Stores industry market size was $23.9 billion in 2022.
- The global livestock farm equipment market size was USD 21.4 billion in 2022 and is expected to reach USD 28.90 billion by 2032. (Source – IBISWorld )
The industry analysis for a feed and farm supply business plan should have:
- Industry definition
- Industry size and growth
- Industry trends
- Industry structure
- Industry competition
- Industry outlook
Some tips for writing the industry analysis are:
- Use credible sources of information.
- Use quantitative and qualitative data to support the analysis.
- Be critical and objective.
- Use charts, graphs, and tables to present and compare industry data. See our garlic farm business plan example.
Customer Analysis
The customer analysis defines and profiles your target market, and shows how you attract and retain your customers. It describes the characteristics, needs, preferences, and buying behavior of customers, and the strategies to reach, attract, and retain them.
The customer analysis for a feed and farm supply business plan should have:
- Market segmentation
- Customer needs
- Customer preferences
- Customer behavior
- Customer motivation
- Market positioning
Some tips for writing the customer analysis are:
- Do primary and secondary research
- Test and validate your assumptions and hypotheses about your customers
- Show how your products and services meet your customers’ needs (see our state farm business plan example)
- Use a customer-centric and empathetic tone
Competitive Analysis
The competitive analysis identifies and evaluates your direct and indirect competitors. You can understand your competitive advantage and develop your USP accordingly.
The items to be included in the competitive analysis are:
- Competitor identification
- Competitor analysis
- Unique selling proposition
Marketing Plan
The marketing plan shows how to promote and sell products and services. It details how the business will reach, attract, and retain its market and customers. It also outlines how to measure and evaluate marketing success.
The marketing plan for a feed and farm supply business plan should have:
- Marketing objectives
- Marketing strategies
- Marketing tactics
- Marketing budget
Some tips for writing the marketing plan are:
- Use market research and customer feedback for marketing decisions.
- Use SMART to set attainable marketing objectives.
- Use 4Ps to ensure a consistent marketing mix.
- Use marketing metrics to track and improve marketing performance and ROI.
Operations Plan
The operations plan describes how you run and manage your feed and farm supply business. It includes:
- Business location
- Business layout
- Business equipment
- Business processes
- Business suppliers
- Business inventory
- Business delivery
Writing tips for the operations plan:
- Use flowcharts to simplify and illustrate the operation process.
- Provide realistic and accurate estimates of the resources required.
- Demonstrate how you will optimize efficiency and effectiveness.
Management Team
The management team introduces the people responsible for leading your feed and farm supply business. It includes:
- Management team members
- Management team roles
- Management team qualifications
- Organizational structure
- Organizational culture
Writing tips for the management team section:
- Use photos and testimonials to showcase team members and highlight their credentials.
- Highlight the strengths and diversity of the team.
- Maintain a professional and confident tone.
Financial Plan
The financial plan shows the financial statements and projections of your feed and farm supply business. It shows your financial viability and sustainability, and helps get funding from investors or lenders.
The financial plan for a feed and farm supply business plan should have:
- Financial statements
- Financial ratios
- Financial analysis
- Funding requirements
- Funding sources
- Break-even analysis
- Sensitivity analysis
- Risk analysis
Some tips to improve your financial plan are:
- Use spreadsheets, charts, and graphs to present financial data.
- Use realistic and conservative assumptions and estimates, as in our FPO business plan .
- Follow consistent accounting methods and standards.
OGScapital for Your Feed and Farm Supply Business Plan
OGSCapital is a professional business plan writing and consulting service with 17 years of experience. We assist businesses by crafting well-written business plans that attract investors and partners.
Our Business Plan Services
- Customized business plan writing – We tailor business plans to each client’s needs and goals. Our consultants and writers collaborate with clients to understand and present their business.
- Consulting – We also offer consulting services to support clients in all stages and aspects of their business growth.
Our Approach
- Customer-centric – We adjust our process to each client’s requirements.
- Standards-meeting – Our business plans meet the standards and expectations of various funding sources.
Our Track Record
With over 5,000 satisfied customers and $2.7 billion in secured funding, we have a proven track record of delivering high-quality business plans.
Download Feed and Farm Supply Business Plan Sample in pdf
Frequently Asked Questions
How Do I Write a Business Plan for a Feed and Farm Supply Company?
To create a business plan for a feed and farm supply company, you have two options. You can use a free feed and farm supply business plan PDF template or software. Or you can hire our experts at OGSCapital who provide personalized and professional services with their experience and knowledge.
How to Start a Feed and Farm Supply Business?
A well-researched business plan is essential for starting a successful farm and feed supply business. A business plan helps secure funding along with identifying any potential obstacles and hindrances well in advance.
OGSCapital’s team has assisted thousands of entrepreneurs with top-rated document, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.
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How to Start a Farm: Plan Your Operation
Think about your operation from the ground up and start planning for your business. A good farm business plan is your roadmap to start-up, profitability, and growth, and provides the foundation for your conversation with USDA about how our programs can complement your operation.
Keep reading about planning your business below, get an overview of the beginning farmer's journey , or jump to a different section of the farmer's journey.
On This Page
Why you need a farm business plan.
A comprehensive business plan is an important first step for any size business, no matter how simple or complex. You should create a strong business plan because it:
- Will help you get organized . It will help you to remember all of the details and make sure you are taking all of the necessary steps.
- Will act as your guide . It will help you to think carefully about why you want to farm or ranch and what you want to achieve in the future. Over time, you can look back at your business plan and determine whether you are achieving your goals.
- Is required to get a loan . In order to get an FSA loan, a guarantee on a loan made by a commercial lender, or a land contract, you need to create a detailed business plan . Lenders look closely at business plans to determine if you can afford to repay the loan.
How USDA Can Help
Whether you need a good get-started guide, have a plan that you would like to verify, or have a plan you’re looking to update for your next growth phase, USDA can help connect you to resources to help your decisions.
Your state's beginning farmer and rancher coordinator can connect you to local resources in your community to help you establish a successful business plan. Reach out to your state's coordinator for one-on-one technical assistance and guidance. They can also connect you with organizations that specifically serve beginning farmers and ranchers.
It is important to know that no single solution fits everyone, and you should research, seek guidance, and make the best decision for your operation according to your own individual priorities.
Build a Farm Business Plan
There are many different styles of business plans. Some are written documents; others may be a set of worksheets that you complete. No matter what format you choose, several key aspects of your operation are important to consider.
Use the guidelines below to draft your business plan. Answering these kinds of questions in detail will help you create and develop your final business plan. Once you have a business plan for your operation, prepare for your visit to a USDA service center. During your visit, we can help you with the necessary steps to register your business and get access to key USDA programs.
Business History
Are you starting a new farm or ranch, or are you already in business? If you are already in business:
- What products do you produce?
- What is the size of your operation?
- What agricultural production and financial management training or experience do you, your family members, or your business partners have?
- How long have you been in business?
Mission, Vision, and Goals
This is your business. Defining your mission, vision and goals is crucial to the success of your business. These questions will help provide a basis for developing other aspects of your business plan.
- What values are important to you and the operation as a whole?
- What short- and long-term goals do you have for your operation?
- How do you plan to start, expand, or change your operation?
- What plans do you have to make your operation efficient or more profitable ?
- What type of farm or ranch model (conventional, sustainable, organic, or alternative agricultural practices) do you plan to use?
Organization and Management
Starting your own business is no small feat. You will need to determine how your business will be structured and organized, and who will manage (or help manage) your business. You will need to be able to convey this to others who are involved as well.
- What is the legal structure of your business? Will it be a sole proprietorship, partnership, corporation, trust, limited liability company, or other type of entity?
- What help will you need in operating and managing your farm or ranch?
- What other resources, such as a mentor or community-based organization , do you plan to use?
Marketing is a valuable tool for businesses. It can help your businesses increase brand awareness, engagement and sales. It is important to narrow down your target audience and think about what you are providing that others cannot.
- What are you going to produce ?
- Who is your target consumer ?
- Is there demand for what you are planning to produce?
- What is the cost of production?
- How much will you sell it for and when do you expect to see profit ?
- How will you get your product to consumers ? What are the transportation costs and requirements?
- How will you market your products?
- Do you know the relevant federal, state, and local food safety regulations? What licensing do you need for your operation?
Today there are many types of land, tools, and resources to choose from. You will need to think about what you currently have and what you will need to obtain to achieve your goals.
- What resources do you have or will you need for your business?
- Do you already have access to farmland ? If not, do you plan to lease, rent, or purchase land?
- What equipment do you need?
- Is the equipment and real estate that you own or rent adequate to conduct your operation? If not, how do you plan to address those needs?
- Will you be implementing any conservation practices to sustain your operation?
- What types of workers will you need to operate the farm?
- What additional resources do you need?
Now that you have an idea of what you are going to provide and what you will need to run your operation you will need to consider the finances of your operation.
- How will you finance the business?
- What are your current assets (property or investments you own) and liabilities (debts, loans, or payments you owe)?
- Will the income you generate be sufficient to pay your operating expenses, living expenses, and loan payments?
- What other sources of income are available to supplement your business income?
- What business expenses will you incur?
- What family living expenses do you pay?
- What are some potential risks or challenges you foresee for your operation? How will you manage those risks?
- How will you measure the success of your business?
Farm Business Plan Worksheets
The Farm Business Plan Balance Sheet can help gather information for the financial and operational aspects of your plan.
Form FSA-2037 is a template that gathers information on your assets and liabilities like farm equipment, vehicles and existing loans.
- FSA-2037 - Farm Business Plan - Balance Sheet
- FSA-2037 Instructions
Planning for Conservation and Risk Management
Another key tool is a conservation plan, which determines how you want to improve the health of your land. A conservation plan can help you lay out your plan to address resource needs, costs and schedules.
USDA’s Natural Resources Conservation Service (NRCS) staff are available at your local USDA Service Center to help you develop a conservation plan for your land based on your goals. NRCS staff can also help you explore conservation programs and initiatives, such as the Environmental Quality Incentives Program (EQIP) .
Conservation in Agriculture
Crop insurance, whole farm revenue protection and other resources can help you prepare for unforeseen challenges like natural disasters.
Disaster Recovery
Special Considerations
Special considerations for businesses.
There are different types of farm businesses each with their own unique considerations. Determine what applies to your operation.
- Organic Farming has unique considerations. Learn about organic agriculture , organic certification , and the Organic Certification Cost Share Program to see if an organic business is an option for you. NRCS also has resources for organic producers and offers assistance to develop a conservation plan.
- Urban Farming has special opportunities and restrictions. Learn how USDA can help farmers in urban spaces .
- Value-Added Products . The Agricultural Marketing Resource Center (AgMRC) is a national virtual resource center for value-added agricultural groups.
- Cooperative. If you are interested in starting a cooperative, USDA’s Rural Development Agency (RD) has helpful resources to help you begin .
Special Considerations for Individuals
Historically Underserved Farmers and Ranchers: We offer help for the unique concerns of producers who meet the USDA definition of "historically underserved," which includes farmers who are:
- socially disadvantaged
- limited resource
- military veterans
Women: Learn about specific incentives, priorities, and set asides for women in agriculture within USDA programs.
Heirs' Property Landowners: If you inherited land without a clear title or documented legal ownership, learn how USDA can help Heirs’ Property Landowners gain access to a variety of programs and services
Business Planning
Creating a good business plan takes time and effort. The following are some key resources for planning your business.
- Farm Answers from the University of Minnesota features a library of how-to resources and guidance, a directory of beginning farmer training programs, and other sources of information in agriculture. The library includes business planning guides such as a Guide to Developing a Business Plan for Farms and Rural Businesses and an Example Business Plan .
- The Small Business Administration (SBA) offers information about starting, managing, and transitioning a business.
SCORE is a nonprofit organization with a network of volunteers who have experience in running and managing businesses. The Score Mentorship Program partners with USDA to provide:
- Free, local support and resources, including business planning help, financial guidance, growth strategies.
- Mentorship through one-on-one business coaching -- in-person, online, and by phone.
- Training from subject matter experts with agribusiness experience.
- Online resources and step-by-step outlines for business strategies.
- Learn more about the program through the Score FAQ .
Training Opportunities
Attend field days, workshops, courses, or formal education programs to build necessary skills to ensure you can successfully produce your selected farm products and/or services. Many local and regional agricultural organizations, including USDA and Cooperative Extension, offer training to beginning farmers.
- Cooperative Extension offices address common issues faced by agricultural producers, and conduct workshops and educational events for the agricultural community.
- extension.org is an online community for the Cooperative Extension program where you can find publications and ask experts for advice.
Now that you have a basic plan for your farm operation, prepare for your visit to a USDA service center.
2. Visit Your USDA Service Center
How to Start a Farm with USDA
Get an overview of the beginning farmer's journey or jump to a specific page below.
Find Your Local Service Center
USDA Service Centers are locations where you can connect with Farm Service Agency, Natural Resources Conservation Service, or Rural Development employees for your business needs. Enter your state and county below to find your local service center and agency offices. If this locator does not work in your browser, please visit offices.usda.gov.
Learn more about our Urban Service Centers . Visit the Risk Management Agency website to find a regional or compliance office or to find an insurance agent near you.
IMAGES
COMMENTS
The new owners will share 50/50 ownership and they are as follows: Dennis Latheethen Kay Latheethen; 2.2 Company History. Latheethen Feeds was founded in 1989 as a privately held corporation registered in Midland County, owned and operated by Chris and Steve Latheethen.
Feed and Farm Supply Business Plan. Latheethen Feeds is a family-owned business which makes and sells custom livestock- and pet-food to local farmers and residents. The next generation will expand the business with new services.
Feb 7, 2024 · Building on your farm business plan sample. With a free agriculture business plan template as your starting point, you can start chipping away at the unique elements of your business plan. As the business owner, only you can speak to aspects of your agriculture operation like your mission and core values.
Feed and Farm Supply Business Plan - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Scribd is the world's largest social reading and publishing site.
Jan 4, 2024 · A feed and farm supply business plan describes your business operations. A good business plan, like this farm business plan example , shows your vision, goals, strategies, and financial projections. A well-written business plan helps farmers, ranchers, hobbyists, or pet owners get investors and lenders and stand out from competitors.
Farm Business Plan Worksheets. The Farm Business Plan Balance Sheet can help gather information for the financial and operational aspects of your plan. Form FSA-2037 is a template that gathers information on your assets and liabilities like farm equipment, vehicles and existing loans. FSA-2037 - Farm Business Plan - Balance Sheet; FSA-2037 ...