Business Development Program
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Program Contact Name: AIO Desk E-mail: peiextension@gov.pe.ca Phone: 368-4145 |
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Business Development Programs will provide to farmers skills training, business practices assessment and business planning assistance. The initiatives are designed to enhance the ability of farmers to respond to change and to facilitate the development of sound business practices.
Five programs will be offered:
AGRI-SKILLS
Funding will be available to PEI farm families for training, so that they will be able to increase the profitability of their farms and make choices about sources of income.
SELF-ASSESSMENT
Modeled on the Environmental Farm Plan approach, workshops and follow-up activities will be offered to PEI farmers so that they can self-assess their current farm management practices and skills; build on the strengths they have identified; develop action plans, then implement sound business management practices and plans.
Upcoming workshop dates.
PLANNING
PEI farmers must manage transition, respond to change and adopt innovation. Future farmers need to map their plans to start farming. Solid business planning is essential for both groups. Financial assistance will be offered to hire a consultant to assist in the development of action plan projections, business plans, strategic plans, succession plans and feasibility studies.
TRAINING
To encourage Prince Edward Island farmers to investigate, understand and utilize improved business practices in their decision-making.
BENCHMARKING & RISK MANAGEMENT
To build the capacity of Prince Edward Island farmers to better understand their financial situation, know their costs of production, and benchmark their farm performance. To enhance the ability of Prince Edward Island farmers to respond to change and to assume responsibility for comprehensive risk management in their agricultural operations.
