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Precision Agriculture and Finances

Precision agriculture is not a single technology, but rather a set of many components from which growers can form a system that meets their unique needs and operation size to maximize opportunity while minimizing costs. Socially disadvantaged farmers and ranchers have not traditionally benefitted from vital U.S. Department of Agriculture safety net programs to the same extent as other farmers – often due to insufficient or inadequate outreach and assistance efforts as well as knowledge of opportunities. This disparity has been detrimental for socially disadvantaged farmers and veterans and has stifled the growth and prosperity of rural communities.

The UAPB Small Farm Program provides historically underserved producers with the linkage to critical resources, outreach and technical assistance. Program personnel provide technical assistance such as loan packaging, record keeping, business structure, best practices, precision agriculture and marketing strategies. Socially disadvantaged farmers and ranchers are then able to increase production and profitability by improving access and qualifications for resource availability and participating in all USDA programs. Overall, the program ensures that socially disadvantaged farmers, ranchers and veterans have opportunities to successfully acquire, own, operate and retain their farms.

Program opportunity - Farm Business Training Program

The Small Farm Program's Business Training Program was developed to assist small and socially disadvantaged producers (SDPs) in obtaining USDA loans. Participants learn to develop and utilize balance sheets, income statements and cash flow statements. These tools are used to help producers make operating, financing and investment decisions. The program also features educational workshops and assistance with farm business planning, selecting farm business structures, crop insurance and credit counseling.

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