Tags: Jane Tompkins EssayNy Bar Exam EssaysFamily Law Court Case StudiesSmoking In Public Places Essay OutlineWhy This College Essay Example3rd Standard English EssaysPhd Dissertation AbstractMagnesium Essay PaperEssays On Alex Haleys Early LifeSamples Of Argumentative Essay
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.
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).