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Takeaways - Farm Transfers - F2P Financing CCT

Takeaways & Next Steps 2/6/19 Farm Transfers Convening: Financing Sticking Points & Solutions Hosted by the VT Farm to Plate Network’s Financing Crosscutting Team

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Vermont Agriculture & Food System Plan 2020 / Farm to Plate Strategic Plan 2021-2030

In 2019, Farm to Plate and the VT Agency of Agriculture, Food & Markets collaborated with subject matter experts to produce the Vermont Agriculture & Food System Plan 2020 -- a set of 23 product, market and issue briefs -- which was delivered to the Legislature in January 2020. In 2020, Farm to Plate continued this effort by developing an additional 31 briefs and undertaking a stakeholder engagement process to further refine and prioritize strategies and recommendations to develop a shared vision for the Farm to Plate 2.0 Strategic Plan. A list of high priority recommendations identified through the stakeholder process will be completed by October 2020, with results shared at the 2020 Farm to Plate Network Annual Gathering. The final synthesized report, with high priority strategies, recommendations, and vision statement, will be delivered to the Legislature February 2021 to officially commence Farm to Plate’s next 10-year cycle.

Vermont Agriculture & Food System Plan 2020 / Farm to Plate Strategic Plan 2021-2030 Vermont Agriculture and Food System Plan 2020

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.

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Vermont Agriculture & Food System Plan 2020 / Farm to Plate Strategic Plan 2021-2030 Food System Financing Inventory

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 info@vtfarmtoplate.com and we will make corrections. Version 2021.2

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Farm Viability

A collection of resources aimed to aid farmers and technical assistance providers in strengthening the financial performance and viability of farm and food businesses.

Farm Viability 2016 Maple Business Benchmark

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.

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Farm Viability Mark-up and Margins to Set Prices

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.

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Farm Viability Crowd Funding

There is a lot of excitement about crowd funding these days. Rightfully so, most people get excited about the prospect of free money. But is this money free? What do we call this money?

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Farm Viability 'Business for Sale' Valuation

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’?

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Farm Viability Scaling-up Egg Production: Management, Markets, Regulation, and Finances

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.

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