There are many factors to consider before you start a new farm enterprise. Financial management is an important component in the start-up and decision-making process for beginning farmers. The purpose of this resource is to introduce you to the farm financial system and risk management for beginning farmers. The topics covered in this resource are not all-inclusive, but after reading these papers, you should be prepared to move forward in planning for your farm.
Authors: Kim Morgan, Assistant Professor, Ag and Applied Economics, VA Tech;
Peter Callan, Extension Agent, Farm Business Management, Culpeper County;
Allyssa Mark, Graduate Research Assistant, Ag and Applied Economics, VA Tech;
Kim Niewolny, Associate Professor; Ag, Leadership, and Community Education, VA Tech;
Theresa Nartea, Assistant Professor, Virginia State University;
Kelli Scott, Extension Agent, Montgomery County;
Jim Hilleary, Extension Agent, Loudoun County
USDA National Agricultural Statistical Service (NASS) released cash rental rates for 2014 irrigated and non-irrigated cropland and pastureland for Virginia counties and cities. See the following PDF file for details
2014 NASS Cropland and Pastureland Rental Rates
Santerra Boyd, Garret Chambers, Matthew Harris, and Montgomery McCarthy, all Virginia Kohl Centre students; Dr. Gordon Groover, Kohl Centre Facilitator, Associate Professor and Extension Program Leader, Virginia Tech; Dr. Kimberly Morgan, Kohl Junior Facility Fellow, Agricultural and Applied Economics, Virginia Tech
Market Maker allows for harvest facilities to more effectively advertise their businesses and for producers to find harvesting facilities that best fit their needs. The purpose of this fact sheet is to provide information about MarketMaker to Extension agents, VDACS employees, harvest and packing facilities, and animal producers. Visit this site to learn more about MarketMaker https://foodmarketmaker.com/main/why. After addressing the need for improved avenues of communication between harvest facilities and animal producers, an educational video tutorial was developed by the authors to demonstrate the steps a manager can take to register their meat processing facility on the Market Maker database https://www.youtube.com/watch?v=Hs1xNzPav4k.
The complete publication an be found at: https://pubs.ext.vt.edu/AAEC/AAEC-86/AAEC-86-pdf.pdf
Tom Stanley; Extension Agent for Farm Business Management, Tom Stanley
To view the results in PDF click on this link: 2015 Land Rental Guide for The Central Shenandoah Valley and Alleghany Highlands.
The publication authored by Dan Kauffman, Seafood Business Specialist, and Martha Walker, Community Viability Specialist, Virginia Tech was published in the July/August 2014 Global Aquaculture Advocate and can be found at http://www.gaalliance.org/mag/2014/Jul-Aug/download.pdf.
A small test market at a high-end grocery store near Washington, D.C., USA, showed that farm-grown freshwater prawns would sell to high-income consumers who had not previously tried the product. About 83% of first-time buyers said the shrimp, presented less than 24 hours after harvest, tasted good or very good. About 62% of first-time buyers said they would buy again next year. Although both head-on and deheaded shrimp were offered, most customers were reluctant to try the head-on samples.
Gordon Groover, Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech
A Geographic Analysis of Agritourism in Virginia (VCE Publication AAEC-62P) authored by Chris Lucha, Graduate Student,; Gustavo Ferreira, Assistant Professor, Martha Walker, Extension Specialist; Gordon Groover, Extension Economist all members of The Agricultural and Applied Economics Department of Virginia Tech Continue reading
A regional economics–based research agenda for local food systems, authored by Kathryn Boys, Assistant Professor, Agricultural and Applied Economics Virginia Tech and David W. Hughes, Professor Clemson University. Continue reading
Grain and Soybean Production and Storage in Virginia: A Summary and Spatial Examination, authored by Peter Caffarelli, Graduate Research Assistant, Gustavo Ferreira, Assistant Professor, Gordon Groover, Associate Professor, and Kathryn Boys, Assistant Professor, Agricultural and Applied Economics all of Virginia Tech Continue reading
Hard Cider? – Assessing the Economic Feasibility of Growing Specialized Apple Cultivars for Sale to Commercial Hard Cider Producers, authored by Jarrad Farris, Research Assistant, Agricultural and Applied Economics, Greg Peck, Assistant Professor, Horticulture, Alson H. Smith Jr. AREC and Gordon Groover, Extension Economist, Agricultural and Applied Economics, all of Virginia Tech. This publication describes a set of associated budget spreadsheets that utilize a systematic means to assess the feasibility of growing specialty apple cultivars for sale to commercial hard cider producers. This publication supports two spreadsheet decision aids for growers to individualize for their own situation. This publication and spreadsheets can be found at http://pubs.ext.vt.edu/AREC/AREC-46/AREC-46.html. Continue reading
Published by the State Land Evaluation Advisory Council
In 1971, the Virginia General Assembly enacted a law permitting localities to adopt a program of special assessments for agricultural, horticultural, forest and open space lands (Sections 58.1-3229 through 58.1-3244 of the Code of Virginia). While the purpose language originally outlined in Section 58.1-3229 has since been removed, as established at that time, the purpose of the program was stated as the following: Continue reading