Farm Business
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MSU Extension releases new series on grain marketing
Published on May 3, 2023
The series provides a walk through on marketing fundamentals for beginning farmers. -
Introduction to Grain Marketing Video Series
An Introduction to Grain Marketing: Video Series will aid you in understanding the fundamental principles involved in grain marketing.
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Accurate production records can benefit farm profitability
Published on April 21, 2023
How reconciling production can help manage risk and improve farm decisions. -
New bulletin on renting farmland available from MSU Extension
Published on April 6, 2023
Bulletin E-3427 offers guidance on navigating the land renting process. -
Bulletin E-3427 Introduction to Renting Farmland
Published on March 30, 2023
Whether you raise crops or livestock, all production activities can be traced back to the need for land. This publication offers guidance about how to navigate through the rental process for farmland and how to reduce the anxiety that often comes with it. -
National Institute of Food and Agriculture awards MSU Center for Regional Food Systems $3.45 million to Expand Culturally Relevant Support for Farm and Food Business owners
Published on March 30, 2023
Over the next five years, MSU CRFS will work with MSU Extension, Michigan Food and Farming Systems (MIFFS), and the Julian Samora Institute to develop resources for inclusive farm business engagement. -
Gaining & Demonstrating Farm Management Experience
Management experience is a phrase often heard in a farm business, especially as a new decision-maker. It helps identify you as a beginning farmer and provides opportunities for added support in establishing your farm. However, common obstacles are gaining and demonstrating enough management experience to be eligible for support. In this session, Jon LaPorte provides some helpful tips on how to gain and demonstrate your farm management experience.
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Building the Right Succession Plan for Your Farm
Farming is a complex business, and succession planning can be a daunting proposition. Luckily, there are many tools and techniques available for transferring the farm’s assets, operations, and management to the next generation. In this presentation, Corey Clark discusses how farmers can customize a plan that utilizes these tools and techniques to meet the unique needs of their family business.
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Producing a Value-Added Product on the Farm Series
Published on March 13, 2023
Producing a value-added product on your farm can be a great way to generate additional revenue. The information on this sheet may help you decide if adding a product is right for your farm business and take you through the major steps involved. -
The Anatomy of a Soil Test Report
Published on March 9, 2023
A summary of how to understand a soil test report to help you best understand and analyze the results to make effective farm management and soil fertility decisions. -
Gaining & Demonstrating Farm Management Experience - Tips for New Farm Managers
Management experience helps provide support in establishing your farm. There's oftentimes obstacles with gaining and demonstrating enough management experience. Jon LaPorte will share tips on how to gain and demonstrate your farm management experience.
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Statement of Cash Flows Template
Published on March 6, 2023
The statement of cash flows is a financial statement that summarizes the movement of cash coming in and going out of a farm business. -
MSU Income Statement Template
Published on March 3, 2023
The MSU Income Statement Template assists farms in creating an income statement for their farm operation. An income statement measures farm profitability by summarizing revenue and expenses for an accounting or production period. -
Mentors matter for new farmers
Published on February 28, 2023
Michigan Sustainable Farm Mentors program connects 42 beginning and aspiring farmers with experienced farmers. -
Funding Your Farm: Selling Your Story in a Business Plan - Financial Section
Explore the importance of a financial plan and how to use it to outline your farm’s financial situation.
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Funding Your Farm: Selling Your Story in a Business Plan - Human Resources and Operations
Explore how to consider developing your farm's operation and human resource strategies.
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Funding Your Farm: Selling Your Story in a Business Plan - Marketing Section
In this session, participants learn how to assess market opportunities and develop a successful marketing strategy.
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Funding Your Farm: Selling Your Story in a Business Plan - What a Lender Wants to See
The 2023 webinar series kicks off with an overview of business planning and a panel of lenders and a producer sharing their perspectives on how business plans benefit obtaining farm financing.
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New video series shares tips for farmers selling to local restaurants, retailers and institutions
Published on January 24, 2023
Hear insights from 14 farmers, food entrepreneurs and marketing experts. -
Third annual MI Ag Ideas to Grow With virtual conference focuses on food and animal production
Published on January 19, 2023
The MI Ag Ideas to Grow With virtual conference offers an array of free educational sessions on food and animal production from February 27 through March 10.