A Farm Management Plan is a key tool when embarking on a new enterprise and for effective farm business management. They may also be requested by local government as a condition to use land in a specific planning zone and may also be a requirement of a financial institution for lending.
They typically contain the following:
- Title and ownership
- Business goals and vision
- Current and historical land use
- Property Characteristics (Landform, geology, soils, swamps, drainage and riparian, vegetation)
- Environmental risks
- Land Capability and Productive Potential (type and variations across property)
- Management Strategies (enterprises, stocking rates, rotations, tillage, pest plant and animal control etc)
- Actions and time-frames
- Financial performance (inputs, outputs)
- Identification of key risks and opportunities
- Addressing of specific requirements (local government planning)
