NC State Extension

Session 7

Below we have outlined what you need to accomplish for class session 7. Don’t forget that you need to be working on your business plan on the Ag Plan website as you are going through the Chapter 7 exercises. We want you to be able to asses some of the risks you will face as you are starting your new farming enterprise and also understand how you can mitigate those risk. In particular, we want you to understand how to use business structure, insurance, certifications, and regulatory understanding to start your business on the right path.

During Class

For Homework:

  • Read Chapter 7
  • Complete the take-home assignment: Session 7 Take-Home Activity
  • Complete the following sections in Ag Plan:
    • Ownership Structure
    • Licenses, Permits, and Registration
    • Risk Management
    • Environmental Issues

Basic Business Structure Guide

Marketing Risk

Production Risk

Certifications Help

Regulatory Help

Insurance Guides

Sales Tax

General Risk Management Resources

Written By

Photo of Derek WashburnDerek WashburnNC Farm School Associate (919) 515-4614 dawashbu@ncsu.eduAgricultural & Resource Economics - NC State University
Page Last Updated: 2 weeks ago
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