Tips On How To Write A Cattle Farm Business Plan

A cattle farm business plan will serve as your
overall guide to starting up a cattle farm
business. Below are several tips on how to write
your business plan.

1. Consider your goals and objectives

Before you lay out your cattle farm business
plan, start brainstorming. Think about what your
specific goals are. Write them out. The more you
are able to envision what your particular
objectives are, the more able you will be to
come up with strategies to reach those
objectives.

2. Do a SWOT analysis

SWOT stands for Strengths, Weaknesses,
Opportunities, and Threats. SWOT analysis is an
important tool used in business and economics.
Before you write out your cattle farm business
plan, figure these four planning strategy
factors out. Remember that you have to analyze
two kinds of forces: internal forces that you
can control, such as what cattle breed you
choose and what kind of feed you give your
cattle, and external forces that you cannot
control, such as market prices and the type of
soil your pasture is on.

Perform an internal SWOT analysis of yourself
and your farm. Think about what you are good at
and what you need to work on. Consider asking
other people or professionals to help you in the
areas where you feel you are lacking knowledge or
skill. Perform this same analysis on your farm,
your herd, and your cattle farm operation.

Perform an external SWOT analysis of the cattle
industry. Read the news about the livestock
industry. Consult local agricultural magazines.
Scan the Internet for information on the cattle
market. The more informed you are about what you
are getting yourself into, the more prepared you
will be for any surprises, challenges, and
pitfalls there may be.

3. Figure out where you are at and where you
need to be

You need to know where you are at now, where you
want to be, how to get there, and how to know if
you have arrived. Asking yourself these
questions and then defining each as a
performance indicator will help you visualize
your business plan as a journey. When doing
this, remember that you have to differentiate
between your personal goals and your business
goals.

4. Start outlining your Cattle Farm Business
Plan

It should have three main sections: the
Strategic Plan, the Operating Plan, and the
Succession Plan. The Strategic Plan portion of
your Cattle Farm Business Plan should include
the Vision Statement, Mission, Values,
Situational Analysis, Goals, Objectives,
Critical Success Factors, and Plan of Action.
The Operating Plan needs to have the Production
Plan, Marketing Plan, Financial Plan, Human
Resources Plan, and Quality Plan. The Succession
Plan is basically a continuity plan for your
business in case it is sold or in inherited in
the event that its owner dies.

5. Determine the type of farm ownership

There are several types of ownership:
proprietorship, co-ownership, general
partnership, limited partnership, trust,
corporations, and joint ventures. Determine what
kind of business organization your cattle farm
will be and indicate this in your cattle farm
business plan.


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