If you’re considering joining the agricultural industry, you’re passionate about working the land and growing food. While starting a farm is much different than starting an office-based company, you still need to make a business plan. Use these questions to guide this document’s creation.
What Is Your Purpose?
Every business needs a mission statement, so you need to decide why you’re becoming a farmer. Are you passionate about organic farming, or do you want to break up agricultural monopolies? Perhaps you want to improve the quality of people’s food, or you want to stop unethical farming practices. Regardless, decide what your main reason for joining the industry is and craft your mission statement.
Who Are Your Suppliers?
Your business plan proves to your investors that you’ve thought through your idea, so you must demonstrate that you have suppliers. These include companies that sell you seeds and provide you with …