Female Producers Farming Entrepreneurially
for Better Risk Management
Historically, many farmers have exhibited agricultural production abilities that far
overshadow their business management expertise.
The 21st century has ushered in a world of:
• global food imports
• environmentally-focused regulations
• economic challenges
Research* shows that:
• 90% of lenders require a written plan to make a loan
• Less than 20% of farmers have business plans and
only ¼ of those having plans use them.
These factors have made it of equal importance that
farmers be excellent producers and proactive business
owners, with a well-researched business plan.
Farm Business Planning Class
* Source: Business Planning Blues Part I, Dr. David M. Kohl. Business and
Economy Trends. Ag Choice Farm Credit Website. February 18, 2011.
Bakery Enterprise -- Diversifying
Farm Revenues
USDA RMA Project Objectives:
• Educate female and beginning farmers about
the importance of having written goals and
strategies for their venture.
• Instruct farmers to be proactive in business
risk management to increase:
 Profitability
 Sustainability
Quality of Life
 Teach/assist farmers to develop a written
plan and complete/usable farm records.
Business Management Strategies/Tools and Educational Venues:
• Written business plan, record keeping & risk management -- Your Future in Focus
• Written risk management plan – Managing Risk for Food Businesses & Food for Profit
• Enterprise feasibility study & action plan – Exploring the Small Farm Dream
• Risk management for female farmers – Annie’s Project
All educational programming stresses proactive risk management and appropriate
liability and/or crop insurance coverage.
This project is supported by USDA’s Risk Management Agency,
Cooperative Partnership Agreements, Entrepreneurial Farm
Management Strategies for Women Farmers and New and Beginning
Producers