09 10월 Country Farm and Business Management

https://mountaincountryfarm.com/the-main-challenges-of-farm-business-planning/

Managing a farm and business in the country requires a mix of economic, technical, as well as human conceptual and analytic skills. This includes identifying the consumer needs that your farm is uniquely positioned for planning production and marketing, and ensuring basic resources are utilized efficiently and efficiently. It is also essential to review the effectiveness regularly of existing practices and the most recent technology.

A solid financial plan is crucial to the success of a farming operation. This involves preparing annual budgets and farm plans along with cash flow statements. These are used to create management plans and to evaluate the performance of the company in terms of reaching goals. It is crucial to develop an emergency plan for what might happen to the business if a disaster occurs or if you decide to sell the company or downgrade it to hobby status.

It is essential to seek out guidance and support whether it’s from a business advisor who has experience in agriculture industry or as a sounding board for ideas you’ve scribbled down on scrap paper. There are numerous organizations throughout the state of Wisconsin that are specifically devoted to helping food-related and farms businesses to start and grow. Farm Answers is one example. It features a how-to library, guidance and a list of beginner farmers’ training programs.

Farm managers who are successful have a plan in place for their children or close family members to inherit the business in the future. This isn’t always straightforward and can cause tension, but it’s best to start the discussion early.