# CTE Resource Center - Verso - Agricultural Production Technology Task 627948360

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Identify the components of a business plan for an agricultural enterprise.


Identification should include the following:
  • Business description
    • History and location
    • Products and services
    • Organizational structure
    • Resource inventory
      • Human
      • Land
      • Equipment
      • Capital
      • Commodities
      • Natural resources
    • Strengths, weaknesses, opportunities, and threats (SWOT) analysis
    • Mission statement
    • Objectives and goals
    • Production plan
    • Financial plan
    • Market plan
    • Legal and liability issues
      • Insurance
      • Succession and estate planning
  • Sources of financing
  • Local marketing opportunities
  • Enterprise budget
    • Expenses
    • Incomes/revenues
  • Risk management
Teacher resource: Risk Management: Business Plans for Agricultural Producers, AgriLife Extension, Texas A&M System

Process/Skill Questions

  • Why is having a business plan important?
  • Why is it important to analyze marketing opportunities prior to engaging in an agricultural enterprise?

Related Standards of Learning



The student will read, interpret, analyze, and evaluate nonfiction texts.
  1. Analyze text features and organizational patterns to evaluate the meaning of texts.
  2. Recognize an author’s intended audience and purpose for writing.
  3. Skim materials to develop an overview and locate information.
  4. Compare and contrast informational texts for intent and content.
  5. Interpret and use data and information in maps, charts, graphs, timelines, tables, and diagrams.
  6. Draw conclusions and make inferences on explicit and implied information using textual support as evidence.
  7. Analyze and synthesize information in order to solve problems, answer questions, and generate new knowledge.
  8. Analyze ideas within and between selections providing textual evidence.
  9. Summarize, paraphrase, and synthesize ideas, while maintaining meaning and a logical sequence of events, within and between texts.
  10. Use reading strategies throughout the reading process to monitor comprehension.


The student will read, interpret, analyze, and evaluate a variety of nonfiction texts including employment documents and technical writing.
  1. Apply information from texts to clarify understanding of concepts.
  2. Read and correctly interpret an application for employment, workplace documents, or an application for college admission.
  3. Analyze technical writing for clarity.
  4. Paraphrase and synthesize ideas within and between texts.
  5. Draw conclusions and make inferences on explicit and implied information using textual support.
  6. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  7. Analyze false premises, claims, counterclaims, and other evidence in persuasive writing.
  8. Recognize and analyze use of ambiguity, contradiction, paradox, irony, sarcasm, overstatement, and understatement in text.
  9. Generate and respond logically to literal, inferential, evaluative, synthesizing, and critical thinking questions about the text(s).