Develop financial, marketing, and risk management plans for the farm business.
Development should include
- risk management strategies
- marketing strategies
- strategic farm business planning, including financing options
- credit needs for farm businesses (i.e., operating loans, cost of loans, interest)
- operating and capital expenditures
- estate planning
- human resources
- leasing and insurance.
Process/Skill Questions:
- How can loan applications be analyzed?
- How would a business owner assemble a comprehensive credit plan?