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Follow these steps to increase your chances of success. By
12/14/2020 Do you want to start a beef herd? Maybe you’re just out of college, rejoining the family farming operation, and you want to expand. Perhaps you want to diversify your operation by adding more livestock. Whatever the reason behind your decision, there are factors you’ll want to consider and steps you should take to increase your chances of success.
Make a plan Dan Loy, director of the Iowa Beef Center, says the first step is to put together a business plan. Few producers have the capital at their fingertips to start such an enterprise, and that means your first stop will likely be the bank. Bankers expect a complete, professional business plan for ag ventures, just like any other type of business, so break out an online template, and dot the i’s and cross those t’s.