Farm Business & Financial Management
Farm Diversification Assessment Tool
A worksheet for assessing whether to add a new enterprise to the farm. Helps owners weigh fit with skills, land, labor, markets and money before committing.
Download free PDF1 page, US Letter, prints clean in black and white
WorksheetFarm Business & Financial ManagementFree PDF
What you fill in
- New enterprise idea
- Why it might suit the farm
- Land, buildings and equipment needed
- Skills and labor needed
- Startup cost estimate
- Market and buyers identified
- Risks and rules to check
- Effect on existing enterprises
- Small test trial plan
How to use this worksheet
Fill it out in pencil first, check the numbers against your records, then ink it. Make a fresh copy for each field, pen or enterprise.
Where to check the details
This sheet is a general template, so confirm specifics with your own manuals, labels and local rules. For current official guidance, start with eXtension and SARE.
For more in this area, see the farm finance explained. Between chores, farm.FM has farm humor, including Where’s My Farm Bill?, and agribusiness farm stories.