Farm Bureau Cayuga

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NY FarmNet – A Resource for Your Farm

Ed StaehrExecutive Director, NY FarmNet

Cayuga County Farm BureauMarch 11, 2010

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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

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Why Farms Call

Getting started in farming Farm transfer Business and finances Family communication Intergenerational conflict

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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

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Program Outreach

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How We Help

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Free, Confidential On-Farm Consulting

Financial Consultants

Personal/Family Consultants

Consultant Locations

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FamilyFinancialLegalTax

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Areas of Assistance

Financial Analysis

Business Planning

Farm Transfers

Retirement and Estate Planning

Farming with the Family

Personal Wellbeing

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NY FarmNet Helps Farmers Mitigate Various Types of Risk

Human Resource Legal Financial Production Marketing/Price

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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

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• Setting Goals

• Conflict Management

• Management Principles

• Conducting Family Meetings

• Business Decision Making

• Time Management

• Farm Succession Planning

Program Outcomes

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• 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.

• Over 90 percent of farm families working with NY FarmNet improved profitability or expanded.

Free, Confidential Consulting

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• Business planning assistance

• Business plan feasibility

• Meetings with farmers and lenders

• Assistance on both business and personal issues

Trends

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• 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

• Increase in business planning assistance requests

• Increased crisis calls

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Example Publications

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February 2009 EB 2009-01

Do I Need Crop Insurance?Self evaluating crop insurance as a risk

management tool in New York State

Publications, Continued

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For More Information

http://www.nyfarmnet.org

http://www.newyorkfarmlink.org

(800)547-3276