Many small-scale and part-time farms may increase income by offering agritainment opportunities.
Whether you are currently in business or deciding to start an agricultural business, insurance should be part of your risk management strategy. Risk management can take many forms, including insurance, production diversification, and business structure. Insurance shifts some of the risk from the business to the insurance carrier.
Budgets are an invaluable tool for farm managers. Agricultural businesses and potential businesses should use budgets to project how profitable an enterprise may be or to analyze existing enterprises. The various types of budgets are used for different purposes and this publication provides information covering the most commonly used budgets in agriculture.
An important task in starting a new venture is to develop a business plan, which is a "road map" to guide the future of a business or venture. A business plan should influence daily decision-making and provide direction for the expansion, diversification, and evaluation of the business.
Tens of thousands of households throughout Pennsylvania cherish the unique lifestyle of small-scale farming. With newcomers to farming in mind, this publication explores the available options for planning and financing a small-scale or part-time enterprise.
Most small-scale and part-time farms will require some equipment to complete the necessary tasks of producing crop(s) or raising animals. For those just beginning, many tasks may be completed using custom operators, working with neighbors, or renting. However, you may still need to purchase a few items to complete tasks in a timely manner. Matching the equipment to your operation can be difficult on a limited start-up budget. Efficient machinery management means having the right size and type of equipment available to do the job at the right time for the least cost.
Land is the basic resource that distinguishes agriculture from most other types of businesses because it is required for the production of crops and livestock. Land is the most valuable asset on the balance sheet of most farmers.
Due to a diversity of production conditions and marketing opportunities, Pennsylvania readily lends itself to small-scale production. Small-scale farming can be a very satisfying lifestyle, but to be financially successful you also need to view your operation as a business.
As a farm business owner or someone who leases land for your farming operation, you face liability issues. As soon as someone enters your property, whether invited or not, you have some form of responsibility for that person’s safety.
Basic concepts and applications of federal income tax law for farmers.
Publicaciones en español que cubre los aspectos del negocio de comenzar una información agrícola de la gerencia del negocio y de riesgo.