Knowledge Center Blog

Welcome to the Farm Credit Knowledge Center Blog!  This blog is a combination of posts from industry experts, Knowledge Center staff and guest contributors covering all aspects of agriculture and life in the country.  We want you to participate in this blog, sharing your thoughts and comments about the topics posted here.

A New Ag Biz Planner Class Has Begun!

Fall is an exciting, if busy, time of year for the Knowledge Center, due in large part to the fact that fall brings the start of a new Ag Biz Planner class.  Helping new and existing farms take an honest look at their current and/or intended operation to develop a business plan and expand their financial knowledge is something we are passionate about, and we have been privilege to work with a variety of great farms and agribusinesses over the past 6 years.
Each new class of Ag Biz Planner participants brings new and innovative ideas and approaches, and so it was with great pleasure that we held our annual Ag Biz Planner Kick-Off at the Harrisonburg Farm Credit Office at the end of August.  This year’s participants had an opportunity to hear from a dynamic past participant, Courtney Umbarger of Laurel Springs Farm (she and her husband participated in last year’s program and have utilized the knowledge gained to continue to move their custom beef business forward).  They also had a chance to visit with each other, learning about their individual operations and what each participants’ goals were for the program.

Over the next 5 months, these four farms and agribusinesses will dive into 10 online modules, taught by Dr. Dave Kohl, learning more about agricultural financial planning and management – everything from megatrends in agriculture, to business planning, management factors, growth management and more.  Along with these online modules each participant will work at developing a customized business plan for their operation, with the assistance of mentors.  When they graduate in January of 2019, these farms and agribusinesses will walk away with their own business plans that they can use to help move their operations forward – and knowledge on how to continue to change and adjust that plan as their operations change and grow.  They will have also developed relationships with not only the other participants from Farm Credit of the Virginias, but also from other Farm Credit Associations which will provide a network of contacts they can use as they go back to their individual operations.
We are excited to be able to share about these participants and what they are doing as we go through the next 5 months with them…so be on the lookout for more coming soon, including Facebook posts to introduce you to each of this year’s participants.  And if this sounds like something you think would benefit your farm operation, please feel free to reach out to us; we send out application packets in May and June of each year!
Congratulations to this year’s class on taking the first steps towards building a strong financial foundation and a great business plan, we’re excited to see what the future holds for each of you!
Monday, September 10, 2018
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