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October 25, 2018
Successful agricultural operations typically have a business plan to help them define their goals, show where they are financially, identify challenges and opportunities in upcoming seasons, and establish alternate plans as needed. By having this road map, these operations and businesses are able to successfully navigate any stumbling blocks and prepare for the future.
Farm Credit of the Virginias kicked off its' eighth consecutive Ag Biz Planner Program in August 2018. This six-month program is designed to help equip agricultural operations and businesses with financial and management knowledge to develop a business plan. The Farm Credit University Ag Biz Planner Program is a joint effort among several Farm Credit Associations in West Virginia, Virginia and North Carolina, and consists of ten online modules, business plan development, guided mentorship and countless networking opportunities.
This year the operations and businesses represented are just as diverse as the participants and include beef operations, poultry operations, sheep, goats, specialty crops, vegetables and agri-tourism ventures. The participants will work through the coursework and business plan development before completing the program in January 2019. During the next several months they will learn from Dr. Dave Kohl, professor emeritus of Virginia Tech and Dean of Farm Credit University, as well as network with their fellow classmates from several associations. Loan officers and program mentors will conduct farm visits with each of the participants to walk through their operation and listen to their ideas and vision for the future of their operations and businesses.
Farm Credit of the Virginias looks forward to the Ag Biz Planner Program each year. The future of agriculture is bright with participants like these who are taking the necessary steps to ensure their family farm operations are sustainable, reliable and successful for themselves and for the future generations. Good luck to the current Ag Biz Planner Program fellows!
For more information about Farm Credit Knowledge Center or the Ag Biz Planner Program, visit the website at www.farmcreditknowledgecenter.com or call Kyley Clevenger, Director at 540-434-7035 x5616.
ABOUT FARM CREDIT OF THE VIRGINIAS
Farm Credit of the Virginias provides over $1.8 billion dollars in financing to more than 11,000 farmers, agribusinesses and rural homeowners throughout Virginia, West Virginia and western Maryland. Farm Credit is a cooperative capitalized largely through investments made by farmers, ranchers and the rural homeowners and businesses that borrow from them. In fact, as part of a nationwide network they are the largest single provider of agricultural credit in the United States and have been for over 100 years. Farm Credit helps maintain and improve the quality of life in rural America and on the farm through its constant commitment to competitive lending, expert financial services and for facilitating and sharing knowledge and resources through the Farm Credit Knowledge Center. For more information, visit www.FarmCreditKnowledgeCenter.com or www.FarmCreditofVirginias.com.
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