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 . . .
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