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Canada-PEI Business Development Programs

 

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.

Four programs will be offered:

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.

FINANCIALS
Prior to making plans for the future development of their businesses, farmers need to know the hard facts of exactly where they stand financially. Funding will be available for farmers to hire a consultant to conduct a comprehensive financial assessment and analysis of the existing business.

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.

FORMS:

 

RESOURCES:

 

 

For more information contact:
Colleen Younie
Farm Business Management Specialist
PEI Department of Agriculture
Tel: 314-1110
ceyounie@gov.pe.ca
or
Agriculture Information Desk 1-866-734-3276

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