Business Planning

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Is your farm business facing an upcoming transition? Transitions take many forms including retirement, changes in family members’ involvement, illness, injury, or death, new enterprises, and more. The best conversations about farm transition begin early!

Thinking about starting or expanding an agricultural or food-related business but not sure where to start? Book an entrepreneurial coaching session with The University of Maryland’s Entrepreneurial Coaching Team for farm and food entrepreneurs.

Whether a new farmer/food entrepreneur, or an established operation, you’re probably going to need to finance some aspect of your business. There are various loan programs for farmers and food entrepreneurs. There are also some specific grant programs, but these are very specific and very competitive to obtain. Obtaining grants require a lot of work, often have delayed payments or require up-front investment, and are not a reliable source of income. This article provides guidance for evaluating if your needs qualify for the grant’s targeted outcomes and how best to apply for a grant.

Discover the importance of financial planning for entrepreneurial success on our webpage. Whether you're starting a new venture or expanding your current operation, understanding your financial health is essential. Learn how to develop a solid business plan, make informed borrowing decisions, and prioritize your investments for long-term sustainability. Visit Financial Matters for valuable insights and resources that will help you navigate your financial journey effectively!