09 10월 Country Farm and Business Management

managing a farm or business in the country requires a range of economic, technical, and human conceptual and analytical skills. This includes identifying the needs of customers that your farm operation is uniquely positioned to meet, arranging production and marketing, and making sure that the basic resources are used effectively and efficiently. It also involves continuously assessing the effectiveness of current practices country farm and business management and reviewing the most recent technology.

A sound financial plan is crucial to an efficient farm operation. This includes the creation of annual budgets, farm plans, and cash flow statements. These are used to create management action plans and evaluate the performance of the business in terms of achieving goals. It is also crucial to devise a contingency strategy for what could happen to the company in the event that something goes wrong or if the decision is taken to sell or downgrade to hobby status.

It is important to seek assistance and advice, whether that be from a business advisor who has experience in the Agribusiness industry or a scouting-board for ideas you’ve sketched on scrap paper. There are many organizations in Wisconsin that can help farms and food-related business start and grow. One such example is Farm Answers, which features an array of how-to materials and advice, as well as a directory of beginning farmer training programs.

Effective farm managers have a strategy that is in place to make arrangements for their children or other family members to take over the company at some point in the future. The process isn’t always easy and can cause tension, but it’s recommended to begin the discussion early.