Beginning Farmer Training from NFU

We aim to bring together participants from diverse backgrounds around shared learning objectives, including:

Business Formation

Choose or maintain the appropriate business structure for your circumstances.

Improve your process for tracking and managing assets put into your business.

Taxation

Identify specific tax deductions available for your farm or ranch business.

Develop a list of questions to bring to a CPA for assistance with filing your tax return.

Accounting

Begin using your Balance Sheet as a management tool to make decisions about your business.

Establish or improve your processes for calculating cost of production and cost of sales.

Land

Determine how much farm or ranch land you can afford to purchase or lease.

Identify the steps required to create a succession plan for your operation.

Labor

Identify responsible labor practices for managing family, contractors, apprentices, and volunteers.

Understand applicable laws governing wages, working hours, Worker’s Compensation, and payroll taxes.

Credit

Create or update your current month-by-month business cash flow budget.

Identify sources of operating credit, credit for asset purchase or improvement, and credit for land acquisition.