A farmer's production plan, describing the farm’s resource potential, the type of enterprise, planned production output, and the existing output is an important part of a business plan.
There are many complicated financial topics that concern all farmers, from pay as you earn (PAYE), value added tax (VAT), provisional taxes, income tax, management accounts and financial statements.
With farming profitability under pressure, it often happens that a farmer works all year to produce a crop to sell, but at the end of the season does not have enough money to repay the production loan.