Preparing successful farm business plans & loan packages

John W. Nelson, III

John W. Nelson, III

Many farm and business owners have not created a written business plan or have not verified their plan is realistic. Former Bank Vice President, John W. Nelson, III explained that too many businesses are ill prepared; they spend too much money on poor advice and lack accurate financial records or projections.

Nelson shared his insights on creating realistic business plans. This is critical when seeking bank loans or investor funding. Nelson led a workshop called “How to Construct Business Plans and Loan Presentations That Raise Capital” at the Newport County Chamber of Commerce in Middletown, RI. [Learn what to include in a farm loan package here.]

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About Sanne Kure-Jensen

Sanne Kure-Jensen is a frequent contributor to Country Folks, Country Folks Grower and Wine & Grape Grower bringing regional and national attention to agriculture in RI and across southern New England. She has also written for newsletters of the Northeast Organic Farming Association (NOFA), Holistic Management International (HMI), RI Beekeepers Association and RI Tree Council. Read Sanne’s work at her Sustainable Living page at examiner.com. Sanne has written successful grant applications for alternative energy projects, staff and board training, products and services. Clients include agricultural businesses, farm stand/markets and non-profit organizations. Recent successful grant projects include a $90,000 USDA Rural Development‘s Rural Energy For America Program (REAP), $10,000 Sustainable Agriculture Research and Education (SARE) Farmer and $20,000 Natural Resources Conservation Service (NRCS) Conservation Innovation Grant (CIG). Sanne is the part-time Administrator for NOFA/RI, a Rhode Island Certified Horticulturist and beekeeper. She is a NOFA Accredited Organic Land Care Professional and has lectured across southern New England on Beekeeping, Native Pollinators and Ecological Landscape Design. Learn more about the NOFA’s Land Care programs or contact Sanne for a garden consultation through the NOFA/RI website.
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