NY FarmNet provides free and confidential on-farm consulting services to help farmers with issues related to starting or transferring farms, business and financial planning, family communication, and crisis management. Consultants are available by phone to assist farmers and will visit farms to provide analysis and recommendations. The program has helped thousands of farms annually improve profitability, expand operations, and better manage risks through business planning, financial analysis, and addressing personal and family issues.
3. Who Calls NY FarmNet? Farm Families in the process of making critical changes Beginning Farmers Farmers preparing to retire Farmers exploring new markets or business opportunities Farmers who would like to improve profitability Farmers in crisis 3
4. Why Farms Call Getting started in farming Farm transfer Business and finances Family communication Intergenerational conflict 4
5. What to Expect when Calling NY FarmNet A “live voice” who answers calls. Speaking with someone who is knowledgeable about agriculture A returned call by a consultant within 24 hours. Consultants who are experienced in working with farmers 5
9. 9 Areas of Assistance Financial Analysis Business Planning Farm Transfers Retirement and Estate Planning Farming with the Family Personal Wellbeing
10. 10 NY FarmNet Helps Farmers Mitigate Various Types of Risk Human Resource Legal Financial Production Marketing/Price 10
11. 11 Business Risk Management • Analyzing the present profitability of farms • 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
12. Personal Side of Risk Management 12 • Setting Goals • Conflict Management • Management Principles • Conducting Family Meetings • Business Decision Making • Time Management • Farm Succession Planning