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.

 

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.