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Keith
Sprague, Sprague's Ranch, East Brookfield, Vt.
Keith’s father first suggested that his son assume ownership of the family farm. John Sprague wanted to retire, and wanted to know if Keith would consider taking over the business. “I’ll never forget the spot where we were standing in the barn,” Keith recalls. “It was a tough decision because I was very happy as an engineer. But I knew that if I didn’t take the opportunity, someone else would and I would never have the chance again.” Keith’s early goal was simply to farm, but he is always looking for new challenges and decided to expand the herd and build a new barn and parlor. “That may not have been a smart decision. I was safe. Financially, the farm was secure, and stress was low. But I was capable and had backing from my parents and an uncle, so I took the chance. ” When Keith first discussed financing with Farm Credit, he was turned down because the cost of the project was not consistent with his assets. “But with the help of my father, my uncle and Farm Credit’s Ken Nelson, we made it work. To help build my assets, my father gave me heifer calves, and I bought more. My parents and my uncle cosigned the loan, and I developed a better business plan.
Instead of being employed in an engineering office, Keith Sprague is now creating his own challenges. He runs a highly successful, well-managed dairy business that is in the top one percent of Vermont herds for milk production, and he has many happy employees, including himself! Click
on the name of each of the entrepreneurs or graduates below to find out
more about the road they traveled:
"Graduates":
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Global marketplace Power of Collaboration McMahon Thoroughbreds PR Strategy... What goes down . . . Why you need financial... Opportunities abound... Smooth transition Managing your land Avoiding common mgt.... Can outsourcing... Risk Management... Entrepreneurial Spirit... Business Reports Help... Customer. Stockholder. Farm Credit Lease Diverse Customer Base Young Entrepreneurs Ben & Andrew Saenger Dean Rheaume Keith Sprague Mike Garrow Pete Norris, Jr. Graduates Ronald Patenaude Bruce Bascom Chris & John Laggis |
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