Related Stories

• Coveney should focus on his current role as Minister for Agriculture and address beef issues – IFA
  
  
• Milk suppliers critical of ‘charge first – correct later’ approach to water charges
  
  
• IFA Countryside call for stronger penalties to tackle scourge of litter dumping in rural Ireland
  
  
• Teagasc welcome new ‘Cash Plan’ programme for dairy entrants
  
  
• New SCSI / Teagasc Land Report shows increase in land prices nationwide
  
  
• Largest farm income increases in Cork and Kerry
  
  
• Charleville Agricultural Show 2014 launched
  
  
• Conna (Co Cork) farmer adjudged to hold top herd
  
  
• 2020 Vision Opportunities in the Dairy and Agri Food Industries
  
  
• Dairygold reports strong financial results in 2013
  
  
• Angus Premier Show & Sale in Kilmallock Mart
  
  
• Agritourism offers supplementary income potential for Irish farmers
  
  

Pictured launching the workbook, ‘My Farm, My Plan, Planning my Future’ were l-r: Prof Gerry Boyle, Teagasc Director, James McDonnell, Teagasc Financial Specialist; Minister of State at the Department of Agriculture, Food, and the Marine, Tom Hayes, TD; Kevin Connolly, Teagasc Financial Specialist. Photo: John T Ohle Photography

A new Teagasc business planning workbook, 'My Farm, My Plan, Planning my Future' was launched by the Minister of State, Tom Hayes, TD at the Teagasc Beef 2014 event this week.

This workbook will be available for use by farmers as part of their farm planning process. It can be used for all enterprises, dairy, drystock or tillage. New dairy entrants will find the workbook useful as part of the new Cash Plan 2014 programme. The process of completing this workbook will better position farmers to discuss their future plans with stakeholders in their business, including financial institutions.

James McDonnell Financial Specialist in Teagasc said it is essential that a farmer’s future path is properly planned. “Farm planning is not just about looking at the financial figures, it involves looking at workload, analysing the other resources available and improving current efficiency levels,” he said.

The planning workbook provides a framework to allow ideas and targets to be worked into a well thought through plan for the business. This is an essential step in the planning process and gets the groundwork in order to allow a financial plan, complete with cash flow and profit projections, to be built around the plan afterwards in a way that clearly links the financial figures to the physical plans for the business.

The workbook is available for download at the following link

http://www.teagasc.ie/publications/view_publication.aspx?PublicationID=2789

blog comments powered by Disqus