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Digging into Farming: Planning Your New Farm Business
The Digging into Farming Course is intended for prospective farmers who are ready to stop dreaming and start developing realistic goals, clarify their farm vision, evaluate their options, and to begin identifying the resources and knowledge they already have and those they need to acquire. You will come out of this course with a greater understanding of the different assets, skills and resources needed to launch a new farm business, access to a range of available resources and learning opportunities, a broader peer group, as well as connections to local and technical coaches, mentors and advisors.
Digging Into Farming is a prerequisite course for those entering the Start Up Farm program and designed to follow FarmStart’s Exploring Your New Farm Dream course, where aspiring farmers are introduced to the opportunities and realities of farming and are asked to answer the question “Is Starting an Agricultural Business Right for Me?”
This course is right for you if:
- You are a new farmer who is actively committed to farming as a business and are looking for support in starting to plan your farm businesses and take those first steps.
- You would answer yes to most of the following questions
Do you feel that you:
- Have the personal traits and skills required for farming?
- Have the time, energy and commitment to run a farm business?
- Understand the financial risks and rewards of farming?
- Understand the capital investment you might need to make?
- Are aware of the regulatory environment that you would be working in?
- Know how to gain the necessary on-farm experience you may need?
What to Expect
Digging Into Farming is a 2-day course facilitated by farmers who have gone through a similar process of starting their own farm business. Key take-away lessons or tools that past participants have received include:
- a simple framework for understanding farm business planning.
- sharing lessons learned by experienced farmer facilitators and panelists.
- representatives in the banking and accounting sector, speak to questions of financing, taxation and business structure.
- completing an online Action Plan.
- access to a comprehensive website of business planning resources for new farmers.
- Note: you will not prepare a business plan during the course, however you will come out of the course prepared to do this.
- Farm Foundations (business goals)
- Choosing Farm Products & Services
- Business Planning
- Human Resources
- Business Start-up
- Financing Your Business
- Financial Management (including key financial documents i.e cash flow, income statement, statement of net worth)
- Action Plan
What past participants have said about Digging Into Farming
“Although I already have a background in farming, this course provided resources which I did not know were out there to help me set my goals in motion.”
“Great information from The Scotia Bank rep and BDO rep, and the farmer panel was fantastic!”
“It gave me more information than I could have hoped for, and helped me to focus on what to do next.” “Exceeded expectations on the amount of information shared.”
$200 (+HST) per person or $360 (+HST) for two people from the same “farm business ” (ex: family, business partners).