Custom Agricultural Business: A Guide to Get You Started
As the agricultural industry consolidates and the need for higher efficiency increases, producers continually search for ways to increase the profitability of their operations. Custom agricultural businesses (CABs) provide services that replace the farm operator’s own performance of the specific task. Deciding whether to start a custom business or purchase an existing one is an extremely important decision. This publication will lead you through choosing a specialty (or specialties), determining a strategy, choosing a structure, developing budgets, and creating a business plan, and provide suggestions on how to approach this opportunity.
Farm owners, operators, and producers
- What it takes to be an entrepreneur
- Starting a business (specialty, strategy, structure, budget plan)
- Buying an existing business
- What you'll need after you’ve started the business (accounting, record keeping, human resource management, marketing/risk management, employee regulations, insurance)
Robert Crassweller, Ph.D.