Building Business Success

Where do you want your farm to be in 5, 10, 15 years from now?

What does your farm business look like today?

How do you go from where you are today to where you want to be in the future?

What level of profit will you need to accomplish your business and personal goals?

In today’s farming world strong business management skills are needed in the following nine key areas.

Business Strategy Business strategy planning is the first step down the road of successful farm management. Have a clear vision of . . .Marketing Strategy Maximize your profits by understanding issues related to marketing and sales This knowledge will   . . . ..

Production Economics Maintaining a low cost of production is increasingly important in today’s markets. Production systems need to be . . .

Human Resources

Labour costs are often overlooked but account for a large portion of the cost of production. Creating and implementing a human resource plan will   . . . . Financial Management  Most farm owners agree that good financial management is the backbone of any successful business. Many also agree that    . . .

Social Responsibility  How can your farm business create a positive interaction with the natural environment? Achieve social responsibility by. . ..  

Succession Planning Where are you in the family -business life cycle? Where are you in the family-business life cycle? Do you have a plan to ensure . . . .

Business Structure Taxation is often the prime concern when considering the legal business structure of the farm business. Other important considerations are   . . . 

 Risk Management

How well do you manage risk to secure your farm operation? Various risks types, such as . . . 

Questions?

Do you have the financial information and business plans you need to make the best decisions for you and your family?

 Are you considering changes to your farm business?

The Farm Business Advisory Services program is designed to support basic financial analyses and specialized business planning to enable producers to make more informed decisions and strengthen their farm business. Access to this program starts with completion of Taking Stock, a farm business self-assessment, followed by advisory services support. For more information call toll free 1-877-702-5585