Maine § 7 §318 Business plan development

Maine Statutes

§ 7 §318 — Business plan development

Maine·Title 7 AGRICULTURE AND ANIMALS·Part 1 ADMINISTRATION·Ch. 10-B MAINE FARMS FOR THE FUTURE PROGRAM

1.Eligibility. An applicant must own a farm business that has been producing agricultural products commercially in the State for at least 2 years at the time of application. The applicant must submit an application to the department to be eligible for participation in the program pursuant to procedures developed by the department. Exceptions to the 2-year eligibility requirement may be granted at the discretion of the department.

2.Criteria for selection. The panel shall evaluate and approve applications that are based upon criteria developed by the department, including:

3.Services package; reimbursement. Once an applicant is selected to participate in the program, the department shall assist the selected farm business in assembling a services package to develop the business plan withi

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1.
Eligibility.
An applicant must own a farm business that has been producing agricultural products commercially in the State for at least 2 years at the time of application. The applicant must submit an application to the department to be eligible for participation in the program pursuant to procedures developed by the department. Exceptions to the 2-year eligibility requirement may be granted at the discretion of the department.
2.
Criteria for selection.
The panel shall evaluate and approve applications that are based upon criteria developed by the department, including:
3.
Services package; reimbursement.
Once an applicant is selected to participate in the program, the department shall assist the selected farm business in assembling a services package to develop the business plan within 18 months of the selection. The services package must include services provided by outside experts, such as the analysis of production practices and markets or the development of financial data. These services may include instruction or classroom training in economics and business planning as available and as required by the department for the owner or operator of the farm business.
4.
First farmland protection agreement.
5.
Business plan requirements.
A selected farm business must use a services package to develop a business plan that identifies changes in farm management practices and investments in equipment and property that would increase the vitality of the farm business.

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