Are you looking to start a new value-added firm? Add a new product line? Expand your business?

In today’s business climate, a misstep can have dire consequences. To reduce this likelihood, undertaking a feasibility study can be a wise course of action.

Simply stated, a feasibility study is a preliminary study undertaken to determine and document a project's viability. A well executed feasibility study will identify the strengths and weaknesses of the existing business or proposed venture, potential opportunities and threats, resource requirements needed for implementation, and the overall chances for success.

Feasibility studies generally encompass a review of all aspects of the business, including:

• Market Assessments
• Production & Procurement Assessments (for ag-based businesses);
• Processing & Technical Assessments
• Business, Organization, & Management Assessments
• Financial & Economic Assessments

Contact The Food Processing Center for further information.