Flow Chart: Process Overview  view chart
Program Description

The BC Farm Business Advisory Services program (FBAS) has a farm self-assessment component and a consulting component. The self assessment is done by completing the “Taking Stock” workbook and developing a farm action plan. Once a farm action plan is completed producers can proceed with applying to the program after choosing a qualified consultant from the Ministry’s list of eligible Farm Business Advisors. The consulting component provides access to Tier 1- Basic farm financial assessment (100% support up to $1,900 with a $100 upfront fee paid by producers and Tier 2- Specialized business planning (85% support up to $3,000 - no fee) to adopt progressive farm business management practices and strategies.

Value of Planning

Farmers are no strangers to planning. You cannot have future crops without planting and pruning in advance. There would be no future livestock without a breeding plan. On a day to day basis, farmers keep an eye to the sky, making sure they are prepared with alternate work plans, come rain or snow. While excellent production is important to the farm business, there are also a number of business management skills required to help farmers successfully meet their business and personal goals.

The first step in an orderly planning process is a self assessment of farm business management practices. These practices include the nine identified areas listed below:

  1. Business Strategy
  2. Marketing Strategy
  3. Production Economics
  4. Human Resources
  5. Financial Management
  6. Social Responsibility
  7. Succession Planning
  8. Business Structure
  9. Risk Assessment

As you go through the workbook you will: Assess your farm management systems, knowledge, and skills; Understand how planning provides the framework for effective decision making; Set and Prioritize goals for the farm’s future; Identify resources that can help meet these goals; Build on your strengths; and Create a Farm Action Plan to improve your farm management skills and knowledge.

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Why Taking Stock

The Taking Stock workbook guides producers through a self-assessment of their current business management practices on the farm to identify strengths and weaknesses as well as establish priority actions required to address issues in association with both personal and business goals. The process results in the development of a farm action plan which is used to guide the farm consulting services projects and is required to access program funding for consulting services. Having a better sense of their overall situation, goals and priority actions will enable producers to work with advisors to target consulting support to meet the farm’s specific needs and opportunities. The intended result is greater value to the management team in developing business plans and strategies to improve the farm operation and meet business and personal goals.

Step 1: Complete your workbook There are 2 types of workbooks, one for New Farmers & One for Existing Farmers. Please select the appropriate box.
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