West virginia small business plan

Quick Facts About 2, insurance related entities are licensed, registered, or eligible to do business in West Virginia. The West Virginia Insurance Commissioner is charged by state law with the duty of regulating these entities in order to protect the insurance-buying public. The Financial Conditions Division issues new and renewal licenses to insurance companies, and then regularly examines the domestic companies to monitor financial soundness, investigate the integrity of their marketplace practices, and compliance with West Virginia insurance laws. Issuing licenses to insurance companies seeking to be admitted to transact the business of insurance in West Virginia.

West virginia small business plan

The beef industry has historically followed a ten-year pattern of expansion and contraction in cattle numbers with per head prices paid on cattle reacting in a typical supply-demand response. As cattle numbers build in reaction to a profitable period, the price per head declines in response to increased supplies.

Not all feeder cattle pass through a definitive backgrounding enterprise. Backgrounders manage feeder calves through the stressful adjustment period of weaning, shipment, and diet change. It is during this weaning and transition phase that feeder calves seem most susceptible to respiratory disease, commonly referred to as "shipping fever.

Backgrounders can also benefit from providing a repackaging service for the industry.

west virginia small business plan

Backgrounders commonly purchase calves in relatively small groups, transition them through weaning period, add weight to the calves, then package and market the feeder cattle in larger, more uniform lots. The resulting larger groups of backgrounded feeder cattle are generally more attractive to cattle feeders and stocker operators and bring a higher price than small lots of freshly weaned calves.

Successful backgrounding operators must be keenly aware of market conditions and have excellent skills in cattle health management and nutrition. Additionally, these operations require at least moderate cattle handling and feeding facilities and must have access to feeds with at least intermediate energy levels.

Since most backgrounders purchase their own feeder calves, they are exposed to substantial price risk between the time of purchase and sale of the cattle. Stocker operators Stocker cattle operators are somewhat similar to backgrounders.

Stockers are grown primarily on forages sometime between the time they are weaned and the point at which they enter the finishing stage in the feedlot. The aim of the stocker cattle operator is to add pounds cheaply with forage.

Commercial Cow/Calf

Stocker operators may purchase either backgrounded cattle or calves at weaning. Cattle from the stocker phase typically go directly to the feedlot. The major resource critical to the stocker operator is an abundant source of high quality forage.

For example, a pasture that is predominately endophyte infected tall fescue would be a poor choice for stocker cattle since lower cattle weight gains would be expected. In Virginia, the cattle are traditionally grazed during the spring to fall period.

Some cattle for stocker enterprises may be purchased at a time when local forages are not available for grazing. These cattle are generally maintained on hay or some other relatively cheap feed until grazing is available. The logic behind purchasing needed cattle ahead of the time of forage availability is that cattle can usually be purchased at a lower price per pound.

Beyond the point cattle are initially received, the stocker cattle producer has some of the lowest demands for facilities and labor resources of any cattle enterprise.

During the receiving period, the operator must have handling facilities and labor to process the cattle and be available to identify and treat sick cattle. Much like the backgrounding enterprise, the stocker operation is exposed to substantial price risk between the time of cattle purchase and time of sale.

Cattle Finishing Cattle feeding or finishing is the final stage of cattle production. Cattle feeders may receive young cattle ranging from freshly weaned calves to yearling cattle. They are fed a high grain diet until reaching a point at which they should produce a Choice or Select grade carcass.

Cattle leaving the feedlot generally weigh in the to pound range and vary in age from 14 months to 30 months. Even heavy cattle are typically fed for a minimum of ninety days. The consuming public has grown accustomed to the taste of grain fed beef since the rapid expansion of the cattle feeding industry during the 's and 60's.

Cattle feeding operations may range from just a few head, up to one time capacity ofhead. Feed yards may own all the cattle on feed, may operate as a custom feedlot, or have a mix of cattle ownership. Since cattle on feed have the highest total dollars invested in them by the time they are marketed, cattle feeders are exposed to substantial price risk.

Due to the price risk potential, the cattle feeding sector has shifted to more custom feeding. Cattle feeders need a source of relatively low priced grain and other concentrate feeds, extensive feeding and handling facilities, and capital that may be required to purchase cattle and feed.

Equity Crowdfunding Approved in West Virginia TCWV Turning Innovation Into Enterprise

Since the 's, the cattle feeding industry has shifted away from the Corn Belt area toward the High Plains region from Nebraska south to Texas. With the advent of irrigated crop production came lower priced grain in the region.

west virginia small business plan

Coupled with the lower grain prices, the High Plains offered a dryer climate with less mud and lower humidity, enhancing cattle performance.

Advantages and Limitations in Virginia Advantages Virginia has an established and diverse beef cattle industry. The rolling topography, climate, and soils of Virginia lend themselves to producing an abundance of lush forages. Some stocker cattle operations are able to maintain one yearling stocker per acre of pasture.

Additionally, Virginia beef producers have access to a wide array of by-product feedstuffs. Given the topography, elevation, rainfall patterns, and forage species, grazing cattle enterprises tend to predominate in the western half of the state.West Virginia Business Hall of Fame; Majors.

Accounting. Accounting Overview; Management Recommended Course Sequence. 1st Semester. BCOR - Introduction to Business (3 credits) SBEN - Practicum in Small Business (effective Spring , use ENTR , Entrep.

Practicum). Business Small Business. VA implements and coordinates programs for Veteran-owned small businesses. Annually, VA offers help to Veteran-owned business and works with them to locate government and corporate procurement opportunities. The Virginia SBDC Network is the largest and most effective provider of customized counseling and education for small businesses in the Commonwealth.

EForms – Free Fillable Forms

You can meet in private with a certified business analyst to discuss your specific issues. The West Virginia Guide to Business Start-Up is designed to answer many of the questions you may have when registering your business in West Virginia and to make the registration process as simple. Small Business Application West Virginia Health Insurance.

Find individual health insurance in West Virginia. Discover more plans at the lowest available cost. Consider the following statistics about health care coverage in West Virginia: Total West Virginia Residents1,, Jun 22,  · Payment Plan (Installment West Virginia State Website.

Small Business Events in Your Area. Doing Business in the State. Doing Business in West Virginia.

eVA - Virginia's eProcurement Marketplace