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1 1 NY FarmNet – A Resource for Your Farm Ed Staehr Executive Director, NY FarmNet Cayuga County Farm Bureau March 11, 2010
2
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
Why Farms Call Getting started in farming Farm transfer Business and finances Family communication Intergenerational conflict 4
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
Program Outreach 6
How We Help 7 Free, Confidential On-Farm Consulting Financial Consultants Personal/Family Consultants
Consultant Locations 8 Family Financial Legal Tax
9 Areas of Assistance Financial Analysis Business Planning Farm Transfers Retirement and Estate Planning Farming with the Family Personal Wellbeing
10 NY FarmNet Helps Farmers Mitigate Various Types of Risk Human Resource Legal Financial Production Marketing/Price 10
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
Personal Side of Risk Management 12 • Setting Goals • Conflict Management • Management Principles • Conducting Family Meetings • Business Decision Making • Time Management • Farm Succession Planning
Program Outcomes 13 • 6,000 contacts to the program via phone, Email, referrals, etc. • Consultants worked with over 1,900 individuals on farm cases. • NY FarmNet worked with farm families who employed over 700 people. • New farm businesses produced an additional $2.8 million in annual sales. ,[object Object],[object Object]
Trends  15 • Increased interest in farm transfers • More calls from first time farmers wanting to start a farm • Increased referrals from agri-service • Calls from sizeable dairy farms (selling over 10 million lbs/year) for strategic planning assistance ,[object Object]
 Increased crisis calls,[object Object]
Publications, Continued 17
18 For More Information http://www.nyfarmnet.org http://www.newyorkfarmlink.org (800)547-3276
NY FarmNet Resource Guide for Farmers

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NY FarmNet Resource Guide for Farmers

  • 1. 1 1 NY FarmNet – A Resource for Your Farm Ed Staehr Executive Director, NY FarmNet Cayuga County Farm Bureau March 11, 2010
  • 2. 2
  • 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
  • 7. How We Help 7 Free, Confidential On-Farm Consulting Financial Consultants Personal/Family Consultants
  • 8. Consultant Locations 8 Family Financial Legal Tax
  • 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
  • 13.
  • 14.
  • 15.
  • 17. 18 For More Information http://www.nyfarmnet.org http://www.newyorkfarmlink.org (800)547-3276