Program Description

The BC Farm Business Advisory Services program (FBAS) has two main components: a farm self-assessment component, and a consulting component. In order to do the self-assessment component, complete the “Taking Stock” workbook, which will help you develop a farm action plan. Once the farm action plan is completed, you must choose a qualified consultant from the Ministry’s list of eligible Farm Business Advisors and then you can apply to the FBAS program. The consulting component provides access to Tier 1- Basic Farm Financial Assessment (100% support up to $1,900 with a $100 upfront fee paid by producers and Tier 2- Specialized Business Planning (85% support up to $3,000 - no fee) to adopt progressive farm business management practices and strategies.

Value of Planning

Farmers are no strangers to planning. You cannot have future crops without planting and pruning in advance. There would be no future livestock without a breeding plan. On a day to day basis, farmers keep an eye to the sky, making sure they are prepared with alternate work plans, come rain or snow. While excellent production is important to the farm business, there are also a number of business management skills required to help farmers successfully meet their business and personal goals.

The first step in an orderly planning process is a self-assessment of farm business management practices. These practices include the nine identified areas listed below:

  1. Business Strategy
  2. Marketing Strategy
  3. Production Economics
  4. Human Resources
  5. Financial Management
  6. Social Responsibility
  7. Succession Planning
  8. Business Structure
  9. Risk Assessment

As you go through the workbook you will: Assess your farm management systems, knowledge, and skills; Understand how planning provides the framework for effective decision making; Set and Prioritize goals for the farm’s future; Identify resources that can help meet these goals; Build on your strengths; and Create a Farm Action Plan to improve your farm management skills and knowledge.

Eligibility Criteria

To Participate in the Farm Business Advisory Services Program The applicant is actively engaged in the farming entity at the time of application (i.e. participates in the day-today operations of the farm) and is a British Columbia resident who is at least 19 years of age.

Benefit 1

You can verify your success in achieving your business and personal goals and assess whether or not new goals are needed.

Benefit 2

You can identify what needs to be done and create an action plan to get your farm on track to meet your business and personal goals.