Business Succession Planning for Farmers – February 29

Cape May County RCE will host a presentation for farmers, “Business Succession Planning for Farmers,” from 6:00 to 8:00 p.m. on Thursday, February 29, 2024. The free program will take place at Rutgers Cooperative Extension of Cape May County, 355 Court House – South Dennis Road, CMCH, NJ 08210.

The presenter will be Keith Dickinson, CFP®, CAC, Business Consultant, Certified Financial PlannerTM, Certified Agricultural Consultant with Farm Credit East.

The informational talk will explain how you can transition your farm business to the next generation without unnecessary problems and worry, what will happen to your farm when you die, and how to avoid the fights and problems that commonly occur when family farms transition.

To register go to: https://go.rutgers.edu/1ivomziz. For more information, please call (609) 465-5115, ext. 3601 or email capemayag@njaes.rutgers.edu.

Business Succession Planning for Farmers
Free informational talk. February 29 from 6pm until 8pm at the Cape May County RCE. For more information call 609 465 5115 ext. 601 or email us at capemayag@njaes.rutgers.edu

Farm Credit East Report on Grants & Incentives Available for Northeast Agriculture Businesses

One of the most frequent calls over the past few years has been, “I want to start a farm/business/value-added product (etc.).”

That is usually followed up with, “What grants/funding sources are available?”

After rattling off a list of a few common sources of funding for new farmers there’s an added caveat that I don’t know the current status of those programs or what restrictions they have regarding new farming ventures. There are more programs out there with available funding, but there’s no comprehensive list of all grant programs supporting agricultural businesses, until now.

Farm Credit East has just released a report “identifying federal, regional and state grants, loan guarantees, and other incentives available to assist Northeast producers of all types and sizes.”

“Grants can be a great resource to provide additional funds needed to take on larger projects,” said Chris Laughton, Farm Credit East Director of Knowledge Exchange. “Unfortunately, they’re often under-utilized because they can be time consuming and involve quite a bit of paperwork.”

The report, from Farm Credit East Knowledge Exchange, includes funding opportunities available in the eight states served by Farm Credit East. Programs are categorized by their main focus:  beginning farmers; conservation, environment and forestry; energy; fisheries and aquaculture; organic; rural business development; and research, education and promotion.

The report titled Grants and Incentives for Northeast Agriculture is available at FarmCreditEast.com or by contacting Chris Laughton at (800) 562-2235 or Chris.Laughton@farmcrediteast.com for more information.

Farm Credit East also has grant writing assistance services. Information is available on their grant writing page.

[Source:  https://www.farmcrediteast.com/en/about/NewsRoom/press-releases/230717FundingforNortheastAgriculturalProducers]

‘Annie’s Project’ Online Course for NJ Farmers Begins This Week – Still Time to Register

Offering important farm management lessons to help women* farmers succeed

Rutgers Cooperative Extension (RCE) will present a new online version of the popular Annie’s Project, over the course of six weeks, one evening per week, starting this Wednesday, January 11. Registration (click here) is still open at the $100 price until the program begins and includes workshop study materials, and admission to the NJACTS (February 7~9). Annie Goes Online: Risk Management On Your Kitchen Table,” will be offered virtually via Zoom on January 11, 18, and 25; February 15 and 22; and March 1 from 6 – 9 p.m.

The course starts this week with an insightful session on transition, and managing marketing, financial and human resource risks by keynote speaker Wenfei Uva, co-owner of Seaberry Farm – a 36-acre specialty fruit and flower farm in Federalsburg, Maryland. Uva received her Ph.D. from Cornell University in agricultural economics and was an extension leader for the Cornell Horticultural Business Management and Marketing Program from 1999-2007.

An optional all day in person tax workshop on Thursday, February 9th will be offered at the 2023 New Jersey Agriculture Convention and Trade Show (NJACTS) in Atlantic City.

“As in the previous Annie’s Project programs, this workshop is designed to educate and train new and aspiring farm women on risk management strategies and provide tools for successful business management,” says Robin Brumfield, extension specialist in farm management, Rutgers Cooperative Extension.

Financial assistance, provided by Farm Credit East, is available to those in need. Funds are available on a first-come-first-served basis to those who apply by filling out a scholarship application.

Course topics include:

  • Labor recruitment and labor laws;
  • business income and cash flow management, as well as personal finances;
  • food safety and water use regulations;
  • insurance and taxes;
  • production relevant risk management related to:
    • soil fertility and soil health;
    • crop/livestock production budgets;
    • controlled environment agriculture;
    • storm water management;
    • livestock-poultry disease biosecurity; and
    • marketing and supply channels.

“New, aspiring, and current women farmers will gain educational training on the essentials of preparing a business plan, considered a vital roadmap to success for any business,” says Brumfield. Participants will also benefit from networking opportunities with their peers and other agricultural professionals.

*While targeting women as primary owners and partners in farm businesses, Annie’s Project training is open to all.

For more information about the program, visit Rutgers Farm Management Website. Material for this program is based upon work supported by USDA/NIFA under Award Number 2021-70027-34693.

 

Annie’s Project New Jersey Celebrates its 10th Anniversary with Important Workshop for NJ Farmers

Workshop offers important farm management lessons to help women succeed

Inspired by Annie's Project logoRutgers Cooperative Extension (RCE) is celebrating10 years of Annie’s Project New Jersey with a free, online workshop headlined by Bridget Behe, professor and extension specialist in marketing at Michigan State University.

The training workshop, titled “Annie’s Project New Jersey 10 Years of Empowering New Jersey Farmers,” will be held via Zoom on November 4, from 6 to 8:30 p.m. Registration is currently open. The workshop is free, but participants must register in order to receive the link to attend.

“As in the previous Annie’s Project programs, this workshop is designed to educate and train new and aspiring farm women and provide tools for successful business management with particular focus on successful strategies to deal with the ongoing pandemic and post-pandemic,” says Robin Brumfield, extension specialist in farm management with RCE.

“In addition, this program focuses on topics within these areas of risk that present unique challenges to urban farmers,” she explains. A 2019 article on Annie’s Project New Jersey is currently the featured success story by the Northeast Extension Risk Management Education Center.

Participants will have access to invaluable tools to help sustain their farm business, including the expertise of keynote speaker Bridget Behe, who will answer the number one question farmers have been asking us, “How can farmers turn the new customers they got during the pandemic into permanent customers?”

Behe, a sought-after speaker at state, regional and national businesses and associations, provides helpful marketing and management practices designed to improve profitability and sustainability. Her website, “Marketing Munchies,” features short podcasts that use research-based information on horticulture marketing. Her podcasts can be accessed on Connect-2-Consumer or on a favorite podcast provider. Her recent peer-reviewed publications are also available on this website.

Also addressing participants will be Brian Schilling, director of Rutgers Cooperative Extension, whose presentation will focus on recent direct marketing and agritourism issues. There will be breakout sessions on the topics, Succession Planning, Marketing, and Production. The workshop will feature a panel of women farmers who will discuss what has worked and what they would change in their own operations, with a wrap-up presentation on building resilience by Brumfield.

Read more about Annie’s Project New Jersey at RutgersFind a detailed agenda of the workshop here.