The updated Fearless Farm Finances 2nd Edition is a one-of-a-kind resource packed with instructions, tips and tools for setting up and managing a farm’s financial system. Fearless Farm Finances covers farm financial management, farm data collection/organization, farm investment analysis, enterprise budgets, annual budgeting, business structure decisions, and more.
How you form your food, beverage or value-added agriculture business has huge implications for your particular business development and growth path, as well as regulatory and tax considerations. This includes what kinds of money you are able to raise.
There are many trends affecting consumers’ interaction with and purchasing behavior with food, including the interest in local, organic, free-from and other claims.The consumer is overwhelmed with choice and retailers are trying to satisfy these trends to give them more choices given all of these niche diets and preferences.
This guide covers a wide array of topics, such as regulations and licensing, selecting a food processing facility, developing products, buying equipment, labeling and packaging, marketing, insurance and liability issues, and concludes with potential exit strategies when the time comes to close or sell the business.
Cash is not the same thing as net income, and most food companies burn up more of their cash on their balance sheet than on their income statement. This template helps model projected cash flow to help businesses properly manage cash.
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Since selling food or beverages like beer are about selling your brand, protecting that brand and its growth in value through the trademark process is very important. Trademarks should be distinct and evocative as opposed to generic and descriptive, mimizing the likelihood of confusion with other trademarked intellectual property.
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Distribution rights matter a great deal for breweries and distilleries. Talking with a lawyer who has training and experience in the matter is the best way to protect the financial future of your beer brand. Whether or not you are a brewery vs. a brewpub matters a great deal to regulators.
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The type of entity you form and the type of legal protections you undertake matters in terms of your strategic path to grow and what kinds of money you are able to raise to support that growth. When raising equity, find legal counsel that understands what you need to do to comply with securities law and its required disclosures to investors or potential investors.