NORWICH – Agriculture producers in Chenango County had the opportunity to begin turning their business dreams into reality on Sept. 10 as Jeff Perry, NY FarmNet business planning specialist, taught the basics of putting together a business plan.
This session was the first in a series of workshops planned by Cornell Cooperative Extension of Broome and Chenango Counties to provide business guidance for beginning and diversifying agricultural producers.
Refuting the myth that business plans are tedious and hard to prepare, Perry explained the ins and outs of business planning and how a business plan can be a useful tool for a producer.
Drawing upon personal experience, Perry walked participants through the steps of how to begin compiling goals, how to figure important financial ratios, and other information necessary for the business plan. His candid view allowed the diverse group of producers to feel more at ease about designing a plan while helping them with the starting points of construction.
For more information on business planning or other NY FarmNet services, contact the organization at 800-547-3276 or online at www.nyfarmnet.org.