Business Plan

For

Business Name:  
Mailing Address:  
   
    Zip  
Business Telephone:    
  Area Code and Number e-mail Address
This business was established in _______________________ by
Year
Names(s)

 

 

 

 

 

 

Complete only the parts of these forms that apply to your own farm/ranch operation. Make no entries in the blanks that do not apply.

Name, address, and percent ownership interest for the present owner(s) are (attach a list if more than six owners):

Exp. John Doe    
PO Box 1111    
Boothill, SD 55555    
Percent ownership
100%
  Percent ownership
     
     
     
Percent ownership
  Percent ownership
     
     
     
Percent ownership
  Percent ownership

 

 

 

 

 

 

 

 

 

This farm/ranch business is organize as (check all that apply):

X
a sole proprietorship
Z
a partnership
?
a limited liability company
Y
an "S" corporation
?
a "C" corporation
?
a joint venture

 

 


FARM/RANCH BUSINESS PLAN

of

DOE Ranch
Farm/Ranch Name (Business Name)
PO Box XXX
Mailing address
Doe City, SD 11111
City, state, and zip code
(000) 000-0000
Business telephone
(000) 000-1111
Home telephone
doe@city.net
E-mail address
Jane & John Doe
Owner's (corporation officer's) name & EIN or social security number
None
Second owner's (corporation officer's) name & EIN or social security number
January 1, 20XX
Date prepared

 

 

 

 

 

 

 

 

 

 

 

 

 

Complete if this is a part of a credit application

Important: Read, mark the appropriate statement, and sign before submitting this Business Plan.

X
This document supports an application for credit for a business unit organized as a sole proprietorship and the individual signing below is the proprietor.
Y
This document supports an application for credit for a business unit organized as a formal or informal partnership of the individuals signing below. They are applying for a loan for which they will be jointly and severally responsible.
or Z
This document supports an application for credit for a corporate business unit. The individuals signing below are authorized to conduct business including borrowing on behalf of the corporation.
Jane Doe
1/1/XX
Signature
Date
Signature
Date
John Doe
1/1/XX
Signature
Date
Signature
Date

 

Summary

of

Business Plan for

DOE Ranch

Ranch name

In this area write a short summary of your business plan.

One or two paragraphs.

 

 

 

Our 10-year vision of the future for this farm/ranch operation is:

Our highest priority long-term goals (10 years or more) for our farm/ranch operation are:

1. List your first goal here:
Exp. Own a 10,000 A bison ranch.
Exp. Own a profitable livestock ranch on the Pine Ridge Reservation.
2.List your second goal here:
Exp. Increase my bison herd by 50%.
Exp. Increase the profitability of my ranch operation by 10%.
3.List your third goal here:
Exp. Reduce my business expenses by 5%.
Exp. Increase the productivity of my range by 10%.
4.List your fourth goal here:
Exp. Improve the wildlife habitat on my south east range.
Exp. Improve the water delivery system in my north east range.

Our "action plan" for business activities (a summary of where are we going, how we intend to get there, and when we intend to arrive) during the nest three years ----- it identifies our short term goals and our approach to be used in attaining them ----is summarized here:

The DOE ranch plans to accomplish goal one by:
List activities here that you plan to do to meet your 10 year goals.

Our plan for marketing sales animals ---- it identifies the type(s) of animals to be sold, the method(s) to be used in pricing each type of sales animals, the intended timing of sales and the intended location of sales ---- is briefly described here:

Exp. The DOE ranch will market its livestock at the local sale barn every fall during the month of October.

A beginning balance sheet ( a current or very recent balance sheet) and a projected ending balance sheet for the three-year action plan period are included in the attachments to this business plan. A summary tabulation comparing these financial statements is provided here:

Summary Tabulation of Beginning and Projected Ending Balance Sheets

Present (beginning)

balance sheet

 

Projected ending

balance sheet

 
Total current assets   Total current assets  
Total intermediate assets   Total intermediate assets  
Total long-term assets   Total long-term assets  
Total assets
 
Total assets
 
       
Total current liabilities   Total current liabilities  
Total intermediate liabilities   Total intermediate liabilities  
Total long-term liabilities   Total long-term liabilities  
Total liabilities
 
Total liabilities
 
Net worth   Net worth  
Total liabilities & net worth   Total liabilities & net worth  

 

A three-year projection of cash flows, including projected debt extensions, debt repayments, and yearly beginning and ending cash balances also in cluded in the attachments to this business plan. A summary tabulation with comparisons to last year's actual cash flows is provided here:

Summary Tabulation of Three-Year Cash Flow Projection

 
Past Year Actual
1st Year Projected
2nd Year Projected
3rd Year Projected
Beginning cash balance        
Total operating inflows        
Total borrowed during year        
Total funds available        
Total operating expense        
Total capital purchases        
Family living withdrawals        
Income & self-employment taxes        
Total debt principal paid        
Other cash outflows        
Ending cash balances        
         

The manager(s) of our business are (attach a list if more than four managers):

     
     
     
Responsible for:     Responsible for:  
     
     
     
Responsible for:     Responsible for:  

Our business headquarters are located in _____________________________ County, about ___________________________ miles ________________ of ____________________in Sec._________, Township. _________, Range___________

 

 

 

Our land holdings are in these locations (list one or more counties and states as applicable):

County
 
State
     
     
     
     

Schedules supporting the balance sheet are included in the attachments to this business plan. They provide data on land holdings and livestock numbers owned by our business. Copies of leases and other business agreements in the attachments provide specific information on assets used by our business, but owned by others. Inventory data below indicate the scope of the land resources and livestock numbers for our farm/ranch operation.

By type of production, the land used for our farm/ranch enterprises is:

Meadows--grazing & hay   acres owned   acres leased   none
Irrigated pasture:   acres owned   acres leased   none
All other grazing land:   acres owned   acres leased   none
Dryland hay:   acres owned   acres leased   none
Irrigated hay:   acres owned   acres leased   none
Cropland:   acres owned   acres leased   none
Cropland residues grazed;   acres owned   acres leased   none
Other:   acres owned   acres leased   none

 

 

(If a map with the layout of this land and improvements is available insert it as the next page.)

In a typical year, our hay production for our use is _____________________tons.

In a typical year, grazing available for our livestock enterprises totals __________________AUM's.

 

 

The number and value of our current livestock inventory is reported in the "Beginning Balance Sheet" (see attachments). Livestock numbers by type of animal are:

Owned Livestock
Leased Livestock
Registered
Commercial
Registered
Commercial
First calf heifers
xx
xx
xxx
xx
Cows - less than 5 years
xx
xx
xx
xx
Cows - 5 years and older
xx
xxx
xx
xxx
Bulls
xx
xx
xx
xx
Yearling heifers
xx
xx
xx
xx
Yearling steers
xx
xxx
xx
xxx
Calves
xxx
xxx
xxx
xxx
Retained ownership fats
xx
xx
xx
xx
Other
xx
xx
xx
xx

By dollars of total gross sales, our most important type of sales animal is:________________________

By dollars of total gross sales, our second most important type of sale animal is:___________________

By type of sales animal, the average numbers of animals marketed annually for the last five years are:

  pounds steer calves   raised   purchased and resold
  pounds heifer calves   raised   purchased and resold
  yearling heifers   raised   purchased and resold
  yearling steers   raised   purchased and resold
Registered yearling heifers   raised   purchased and resold
Registered cows   raised   purchased and resold
Yearling bulls   raised   purchased and resold
Two-year old bulls   raised   purchased and resold
Cull heifers   raised   purchased and resold
Cull cows   raised   purchased and resold
Cull bulls   raised   purchased and resold
Retained Ownership fats   raised   purchased and resold
Other:   raised   purchased and resold
    raised   purchased and resold
    raised   purchased and resold
    raised   purchased and resold

As this three-year "game plan" is implemented, we will receive legal and accounting advice form these professional advisers (name, address, & telephone):

Legal
 
Accounting
     
     
     
Telephone #:   Telephone #:
e-mail:   e-mail:

We will secure advice on insurance coverage and purchase appropriate insurance policies from these insurance agencies and insurance agents (name, addresses, & telephone numbers):

Agency
 
Agent
     
     
     
Telephone #:   Telephone #:
e-mail   e-mail
     
     
     
Telephone #:   Telephone #:
e-mail:   e-mail:

Our principal loans and deposit accounts are in these financial institutions:

Type of account:
Exp. Checking
  Type of account:
Exp. Savings
Account number:     Account number:  
Bank:     Bank:  
         
         
Telephone:     Telephone:  
Account number:     Account number:  
Bank:     Bank:  
         
         
Telephone:     Telephone:  
e-mail:     e-mail:  

Owner's Resume'

Short Resume' of work experience of owner's

Should be attached here

One page (no more than two typed pages)

Manager's Resume

Short Resume' of the farm/ranch manager's work experience

Should be attached here

One page (no more than two typed pages)

Listing of attachments to Business Plan

Financial statements and other documents listed below are attached if a check mark appears on the line to the left of the document listing.

X
  Beginning business balance sheet*
X
  Three-year cash flow projection
X
  Projected ending ranch balance sheet**
X
  Copies of federal income tax returns for most recent three years
X
  Copies of written lease agreements
X
  Copies of contracts and purchase agreements
X
  Other:
X
  Exp. : Resume'
X
   
X
   
X
   

* If available, use a balance sheet you prepared by your accountant, or use the forms provided above. A balance sheet prepared for a lender usually will be adequate as a substitute. If a prospective lender identifies the type of balance sheet(s) your prospectus and credit file should contain, use the form that best responds to the request. (Exp. USDA Farm Service Agency record books.)

**Prepare using the same form as the beginning balance sheet and reflecting your best estimates of ending assets, liabilities, and net worth as of the end of the year projection period covered by your three-year cash flow projection.