Over the course of the 2016 season, 30 organic farms in Vermont, New Hampshire, and Massachusetts tracked and analyzed their crop-specific costs of production. This factsheet presents lessons learned from their successes (and failures) in tracking the data needed to perform cost of production analysis.
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.
In the fall of 2012 University of Vermont Extension distributed a survey to independent grocers and cooperatively-owned grocery stores asking about chicken and egg demand in their stores with a focus on regionally- produced products. Follow-up phone interviews were conducted through the fall of 2013 to get additional feedback from the buyers in these stores. The goal of this work is to understand the demand for local poultry products and to also provide guidance for poultry farmers preparing to conduct their own market research.
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 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.
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.
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.