Thursday, February 26, 2009

Free business planning software

A few months ago, the Center for Farm Financial Management (CFFM) at the University of Minnesota released free online software for creating business plans.

AgPlan™ helps rural business owners develop business plans. It includes templates for commodity-based agriculture, value-added agriculture, small businesses, and commercial fishing. The software is suitable for both large and small operators.

Business planning is an important part of successful farming, especially during these difficult economic times. According to anecdotal evidence, those who prepare a business plan are 10 to 20 times more profitable.