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Production Enterprises: The Business Plan

 

If you are raising meat goats to make money, even as a supplement to your regular income, you are in a business. As with all successful businesses, you need a sound business plan. Business planning will not be complete without conducting a feasibility study that will provide useful information for your business plan. I believe this is the very first step for any farm operation.
The feasibility study will enable you to relate the process of production to prices paid for marketable products and the available markets.

A business plan will also help you understand your competition, the market, capital and operating expenses, management and staffing needs, and meat processing, etc. For more information and assistance, refer to the USDA/Rural Business and Cooperative Development Service (http://www. rurdev.usda.gov/rbs/).A business plan is also a necessity if loans are needed
to start a goat farming business.

 

 

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