Set goals and budgets

Have you got a clearly set out vision and objectives for your business? These tools will help you carry out detailed financial budgeting each year, to not only expected profitability but also to make farming activities fundamentally more profitable.

Strategy setting webinar

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

This webinar will take you through some of the risks your business may face and how you might mitigate them. It also looks at setting a vision and strategy for your business which can be a good place to start. The downloadable can be used to support you to develop a vision and strategy.

Cost benefit analysis (CBA) tool

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

This Excel document will help you make rational investment decisions and provides a framework for evaluating investment projects. Accompanying the tool is a short presentation offering further information regarding the resource.

Brexit impact calculator

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Potatoes

This provides an estimate of how your farm business income could be impacted under various Brexit scenarios.

Cashflow with VAT calculator template

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

A cashflow spreadsheet, when completed, will help you quickly see when money is coming into and out of your business and where it’s coming from and going to.  This will allow you to identify any future financial peaks and troughs and what costs you will have to cover at any given time.

Partial budget

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

A partial budget is used to calculate the financial effect of a proposed change to one aspect of your business.
This will help to predict the additional output from making a new investment and will offset all of the costs associated with it. The result will indicate the effect on the level of profit (or loss) from making such a business change.

Profit and loss template

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

The profit and loss account shows the estimated profits your business will make over three years, by subtracting the costs of running the business from any sales you make. It takes into account the value of the stock that you hold, so you will need this information to hand when you complete the template.

Profit target

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

This allows you plan is how much money you need to make – for your private drawings, to pay your mortgage or landlord, and for tax or loan repayments.

Business objective setting

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

Understanding your current situation can help you think about where you want to be, and create a plan which gets you there.

Personal objective setting

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

Your personal goals are just as important as your business objectives. This worksheet can help you think through what makes you tick, and where farming fits with this.

Create a business plan

Beef, Lamb, Dairy, Pork, Cereals & Oilseeds, Hort, Potatoes

Writing your ambitions down is one of the most successful ways to visualise what you want to do and so make it happen. Farms that write a formal long-term business plan are more profitable than those that don’t.

ProCost

Hort

The aim of ProCost is to provide hardy ornamental nursery stock growers and protected ornamental plant producers with a simple computer-based method for costing their production.