Business planning is about planning for your future in farming.
Planning focuses on the medium to long term. It aims to position the farm business to meet long term goals and protect the business from known risks.
Business Planning can be one of the most important and useful exercises involved in ensuring that your farm enterprise is sustainable and economically viable. It can also be essential in obtaining funding and other necessary resources from lending institutions, investors, or grant making agencies.
Farmers need to plan to make sure their farm business will continue to support them through good times and bad. Our counsellors can help you to develop a business plan to meet your individual needs and will work with you, right from inception through to the implementation of the plan to help you achieve positive outcomes.
We use a tool called the Enterprise Action Plan to help you plan for your future in farming. The EAP is a business planning tool developed in conjunction with DAFF (Department of Agriculture, Fisheries and Forestry) and the Rural Financial Counselling Service (RFCS) to help in creating a structured and consistent method of planning for your future that takes into consideration your individual needs and circumstances.
The EAP considers a myriad of options in areas such as management practices, climate variation, cash flow planning, farm business training and development, as well as supporting succession planning and much more. It has been designed to assist you in developing plans, and then implementing the results into the future.
Succession planning is also an important component of a Farm Business Plan and is essential to the process of passing a farm on to the next generation as smoothly and successfully as possible. Our counsellors can assist you in this process. See our section on "
Succession Planning".
Plan to succeed, plan for the future.