Beginning Farmer Training from NFU
Posted on October 26, 2021 by Taylor in Beginning Farmers, Business, Education, Farming Practices, Management, Training Programs // 0 Comments
Beginning Farmer Training from NFU (The National Farmers Union) – Apply today to participate in the 2022 Cohort
Commitment and Expectations
We expect each BFI graduate to seek opportunities to mentor peers in their area, hold a local board position, or pursue other community leadership opportunities. NFU provides ongoing outreach and support to participants after the program concludes.
Benefits and Costs for Beginning Farmer Training from NFU
- NFU will cover most costs associated with your participation in the Beginning Farmer Institute, including travel, lodging, and most meals during in-person programming. Participants are entitled to additional benefits intended to support their progress towards the program objectives, including:
- Farm Commons Producer Membership. Ready-made legal knowledge at your fingertips via interactive and on-demand workshop series, resource libraries, and community forums.
- Direct technical assistance. Between sessions, participants will have the opportunity to meet one-on-one with content-area experts including accountants, insurance agents, and food safety educators.
- Farmers Union Membership. Benefits range from local networking and advocacy opportunities to discounts for farm apparel, equipment, and seeds.
- Fearless Farm Finances. We provide a free copy of this essential resource to all participants and facilitate an optional book club with other members of the BFI cohort.
- Travel stipends and scholarships. Stipends are provided to those wishing to attend their state or regional Farmers Union convention. Additionally, all participants meeting program requirements receive a scholarship to the National Farmers Union Anniversary Convention.
Program Eligibility
- Must be 18 years or older.
- Applicants should be currently farming or planning on starting within the next year.
- Owning an operation is not required.
- Operations of any type and size are eligible to apply.
- Open to residents of the contiguous United States, Hawaii, Alaska, and Puerto Rico.
We aim to bring together participants from diverse backgrounds around shared learning objectives, including:
Business Formation
Choose or maintain the appropriate business structure for your circumstances.
Improve your process for tracking and managing assets put into your business.
Taxation
Identify specific tax deductions available for your farm or ranch business.
Develop a list of questions to bring to a CPA for assistance with filing your tax return.
Accounting
Begin using your Balance Sheet as a management tool to make decisions about your business.
Establish or improve your processes for calculating cost of production and cost of sales.
Land
Determine how much farm or ranch land you can afford to purchase or lease.
Identify the steps required to create a succession plan for your operation.
Labor
Identify responsible labor practices for managing family, contractors, apprentices, and volunteers.
Understand applicable laws governing wages, working hours, Worker’s Compensation, and payroll taxes.
Credit
Create or update your current month-by-month business cash flow budget.
Identify sources of operating credit, credit for asset purchase or improvement, and credit for land acquisition.
Business Planning
Develop or improve your farm or ranch business plan.
Develop questions for your insurance provider about getting coverage for your farm or ranch.
Learn more about Beginning Farmer Training from NFU and Apply Here
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