Financial analysis

Knowing where a business stands financially is a critical step in identifying options for a brighter future. As a result of financial analysis and planning, you will have accurate information to make decisions that impact the future of your business. Moreover, one-on-one meetings with a NY FarmNet financial consultant can uncover options for the future that may not have been thought of before.

  • Analyzing the present profitability of your farm
  • Identifying options for improving farm viability
  •  Helping create useful cash flow budgets
  • Evaluating proposed business changes and their impact on profitability
  • Working with others to provide options for debt restructuring

Business Planning

A farm business plan is now required by most lenders. A business plan lets you know where you are, where you want to go, and how to get there. We offer free assistance with farm business analysis and planning. Our experienced consultants understand farm business and can provide you with the detailed map you need to move forward.

  • Financial and production analysis
  • Feasibility studies
  • Business plans
  • Budgets and cash flow projection

Farming with family

It is critical that farm families maintain both positive business and family skills in order to be successful. NY FarmNet consultants provide free, confidential assistance in strengthening the communication skills required for farm families to make the most of their dynamic structure that is filled with daily opportunities and challenges.

  • Setting goals
  • Conflict management
  • Management principles
  • Conducting family meetings
  • Financial management
  • Business decision making
  • Time management
  • Farm succession planning

Personal Well Being

The pressures and challenges of running a farm

can affect every aspect of your life. NY FarmNet’s professional consultants can help you manage issues that can disrupt business, family, or personal well-being. Our consultants can assist you with strategies to manage:

  • Stress related emotional issues
  • Relationship issues
  • Family issues and parent-child concerns
  • Domestic violence
  • Divorce/separation adjustment
  • Alcohol and drug concerns
  • Grief/loss issues
  • Depression and Anxiety
  • Farm conflicts and concerns
  • Farm retirement, transfer or exit adjustment
  • Health concerns

Retirement & Estate Planning

Planning for retirement can take as much effort as managing the business. With years of experience gained from helping other farm families, we can help plan the process so you are not alone.

  • Retirement planning
  • Long-term care
  • Estate planning
  • Leasing farm assets
  • Selling farm assets
  • Income tax planning
  • Legal questions

 

Outreach Programs

  • Farm transfer conferences
  • Continuing legal education for attorneys working with farm businesses
  • Farm management seminars

 

Business Transfers

Transferring your business requires careful managerial and financial planning. We know that farm assets are a major source of retirement income for many farm families. NY FarmNet is dedicated to providing farmers with assistance in all aspects of business transfers including;

  • Succession planning
  • Non-family transfers
  • Joint ventures/partnerships
  • Help for start-up farmers