Cattle Business Plan Template

Backgrounding is a feeding program that targets weight gain in feeder cattle to develop the skeleton and muscle tissue of the animals while minimizing fat deposition.

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Compare: Statistics and market information (AAFC) Identify primary competitors within your target market.

List their strengths and weaknesses compared to yours.

Research: Industry, markets and trade (AAFC) Describe the ownership structure.

Include each owner’s qualifications, history and your management reporting structure.

You’ll also need to identify key employees, benefits, labour policy and a succession plan (if applicable).

Use: Agri HR Toolkit (Canadian Agricultural Resource Centre) For existing businesses: include financial statements from the past five years and a monthly cash-flow forecast covering at least 12 months.A business plan identifies risk factors for each operation, and allows producers to evaluate alternatives to 100-per-cent ownership of feeder cattle and manage their risk accordingly.Risk management strategies form a critical component of the business plan, and will be reviewed by lenders and other stakeholders when assessing the financial viability of backgrounding cattle.Completing a business plan is similar to planning for a road trip: business plans help you identify where you are going, and, similar to a road map, assist you in reaching your final destination.Similar to other agricultural endeavours, feeding cattle involves risk.Is there an aspect that’s not available in the marketplace?Watch: Three Farmers: 5 lessons to take your product from field to shelf Identify your industry and describe its overall size, growth stage and patterns.For start-ups: include projected financial statements for the first three years of operation and a monthly cash-flow forecast covering at least 24 months.Get: Ag Expert Analyst: Accounting software built for the farm Describe your product or service and what makes it marketable.Find: Canadian food supplier directories (AAFC) Describe your marketing plan and distribution channels.Include the steps for attracting and retaining customers (if applicable).