Search ResultsCategories: Financing
This project was developed to assess the potential viability of increased pasture-based egg production in Vermont. Topics include: • Best Management Practices recommendations based on current producers experience and industry recommendations. • Market analysis and recommendations for local and regional markets. • Legal analysis of egg regulations and potential structures for an aggregation entity. • Financial analysis of budgets and start-up costs for 1,000 and 3,000 layer enterprises. • Resources for developing or expanding a layer enterprise.
The following pages detail options and considerations for crafting unconventional financial arrangements that have been used in other sectors of the economy, but might be new to the agricultural sector. We guide the reader through basic legal issues relevant to farmers and community members when pursuing these arrangements.
Following is a discussion on ‘Business for Sale’ valuation models to assist farms, value added businesses, and agricultural business planning consultants assist farms in planning for eventual farm/business transfer. Primary questions: How to determine the value of the business? How to present the ’Business for Sale’?
Agricultural products are subject to various mark-ups and expected margins as they pass through the distribution chain. These mark-ups and margins reflect the increased price that a distributor or retailer assigns to a product to cover their own costs and achieve the financial targets for their own business.
The 2016 Maple Business Benchmark is the fourth year of financial record analysis for a small group of commercial syrup producers. The University of Vermont Extension worked with seventeen maple producers to complete financial analysis of their maple enterprise but only eleven financial records were deemed suitable and accurate enough for inclusion in the 2016 group analysis.
In 2009 the Vermont Legislature tasked the Vermont Sustainable Jobs Fund (VSJF) with administering the Farm to Plate Investment Program (10 V.S.A. § 330), to “create a strategic plan for agricultural and food system development, which may be periodically reviewed and updated.” The Farm to Plate Network formed in 2011, and set about implementing the first statewide Farm to Plate Strategic Plan. We came together out of a love for good food, strong communities, and our working landscape, to intentionally support the farmers, food entrepreneurs, and farm and food workers who provide nutritious, delicious food for us all. Over the past ten years, Vermont’s food system economic output expanded 48%, from $7.5 billion to $11.3 billion, which includes $3 billion (26.5%) from food manufacturing—Vermont’s second-largest manufacturing industry. The food system added 6,560 net new jobs (11.3% increase), and more than 64,000 Vermonters were directly employed by over 11,500 farms and food-related businesses. Local food purchases rose from $114 million (5%) to $310 million (13.9%) of the total $2.2 billion spent on food in the state annually, and Vermont farms sold $781 million worth of product per year. Recognizing the success of the first Plan and the continued importance of agriculture and food to Vermont’s economy, environment, and culture, the Vermont Legislature and Governor Scott reauthorized the Farm to Plate Investment Program in 2019.
A listing of capital providers who help to finance farm and food businesses, including debt, equity, and royalty financing, as well as various grant programs. The inventory is a supplemental document to the Vermont Agriculture & Food System Strategic Plan 2021-2030 as requested by the Vermont Legislature as part of Act 83/S.160 (2019). The full Plan can be found here: https://agriculture.vermont.gov/document/vermont-agriculture-and-food-system-plan-2020 If any of the information contained in this directory needs to be updated or is missing, please email relevant information to firstname.lastname@example.org and we will make corrections. Version 2021.2
In response to the ongoing dairy crisis and other significant changes happening within Vermont’s agricultural and food sector, and a desire to stimulate more rural economic development as well as regional market access for Vermont products, the Legislature passed and Governor Scott signed Act 83 (S.160), an act relating to agricultural development, in May 2019. Section 1 of this Act calls for the development of a report with recommendations to stabilize and revitalize Vermont’s agricultural industry. This report was delivered to the Vermont Legislature in January, 2020. As part of a planned update to the 2011 Farm to Plate Strategic Plan, a second set of 31 product, market and issue briefs, along with a vision for Vermont's food system, a new set of goals, objectives and indicators of progress will be published in February 2021. Titled the Vermont Farm to Plate Strategic Plan 2021-2030, it will serve as our guiding implementation document over the next 10 years.
A collection of resources aimed at providing support for farmers, businesses and organizations in the food system during COVID-19.