A 2018 Exploration of the Future of Vermont Agriculture: Ideas to Seed a Conversation and a Call to Action
"A 2018 Exploration of the Future of Vermont Agriculture” is an attempt to capture an assessment that emerged from several conversations amongst a small group of organizations grappling with how to respond to ongoing negative trends in Vermont agriculture. The hope for this report is that it will serve as a launching point for any number of conversations across the state. In summary, the analysis of the report is that a variety of factors are combining that threaten Vermont’s economy, community, and culture. We see existing activities (e.g., land conservation easements and technical assistance) as highly valuable, but not sufficient to fully address anticipated trends. Therefore, we believe new approaches must be identified, evaluated, and implemented, in addition to sufficiently investing in existing high-impact approaches. We invite feedback on how to undertake such a process, and how to fund, administer, and coordinate implementation across our networks.
A collection of resources detailing how to plan for land management, and land and business succession strategies, to ensure a smooth transition from one owner to the next.
America’s farmers are aging. Not all farmers have family members willing to operate the family farm, leaving them searching for creative ways to transition off the farm, but ensure its continued success. One of these ways is through land use tools, specifically Accessory Dwelling Units. This paper examines the different tools and how they’ve been implemented across the country, and locally.
A collection of resources aimed to aid farmers and technical assistance providers in strengthening the financial performance and viability of farm and food businesses.
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.
The hiring and management of employees presents an opportunity for farm businesses to expand operations, increase efficiency and create jobs from the working landscape. Managing employees comes with not only the responsibility to promote a safe and desirable workplace, but it also comes with the responsibility to make sure everything is in compliance with state and federal labor standards and laws.
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.
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’?
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.