Starting a successful farm or ranch operation doesn’t mean you have to be a brand new owner. If you have been in the industry for any length of time, you have to know how to run a successful business. In other words, this advice isn’t just for new or potential owners. You can view your current agricultural business with fresh eyes and see where you can improve or eliminate anything.
BUSINESS & MONEY
Your agriculture business is exactly that - a business. Build it on a strong foundation so that you can have profits for years to come. Learn what you never realized you needed. Cashing a check does not mean that you are making money. If you are not profits, then you are not in business.
Disasters come in all forms. By evaluating your agricultural business, you can be ready for anything. Check out these steps to evaluate your business.
Bookkeeping. Love it or hate it, it is the financial backbone of your business. How often should you handle this task to get a full financial health report?