Farm Management Canada (FMC), the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA), and the PEI Department of Agriculture and Fisheries (PEIDAF) are pleased to announce the recent launch of the Growing Your Farm Profits (GYFP): Planning for Business Success Online Farm Business Self-Assessment Tool. This tool will provide producers across Ontario and Canada with the first step in the business planning process. Producers will come away with a comprehensive assessment of their farm business practices, priorities, key goals and ultimately, an Action Plan as a starting point towards the farm’s business plan.
“Less than 25% of our farmers have a written business management plan for the farm,” says Heather Watson, Executive Director of FMC. “Creating a plan is essential for every farm – it means setting goals, figuring out the best ways to achieve them and finding the right resources and actions to get there. Most important, when you write it all down, you can invite others to share in creating the farm dream – your family, staff, lenders, business partners, and advisors, who will help realize your vision.”
More detail at farmbusinessassessment.com.