NC State Extension

Organic Farm Business Planning

A successful business always includes a good business plan. A new agricultural enterprise needs to produce profits to be worthwhile for the farmer. In order to assess if a new crop or product, like organics, will work for your business you’ll need to “run your numbers” and flush out the details by preparing a sound plan. The process of developing a business plan allows entrepreneurs to spot risks and pitfalls in a new idea and determine the profitability of that idea. In addition, lenders and funders may require a business plan prior to financing your operation.

An agricultural enterprise budget acts as a financial decision-making matrix wherein the farmer inputs all costs and returns to determine the profitability of a crop or livestock enterprise. Although enterprise budgets are only estimates, they provide an idea of what a farmer can expect to make when producing and selling a new crop.

Business Planning Resources

Budgets, Pricing & Profitability (not all organic, but good information for all farmers)

Grants

Loans

Written By

Photo of Jeanine Davis, N.C. Cooperative ExtensionDr. Jeanine DavisExtension Specialist, Herbs / Organics / Specialty Crops / Vegetables (828) 684-3562 jeanine_davis@ncsu.eduHorticultural Science - NC State University
Page Last Updated: 2 months ago
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