Be ready to manage the ‘turn’ when the price spike ends It’s bound to happen. Past experience indicates that it always has and, well, likely always will. It’s only a matter of time – being ‘when’ and not ‘if’. One thing we can’t know when it happens...
Advancing Financial Management Competencies This is a time of year when many farms focus on the financial aspects of their businesses. The focus can be very wide ranging from getting financial statements back from accountants, to preparing information to file tax...
Well-defined plan allows farms to respond to challenges There are many aspects of being a consultant that are both interesting and highly enjoyable. You get to meet a great number of fantastic people who all have something in common … farming … and you get to find...
Farm business constraints: is something holding you back? A constraint is something that limits or restricts people in some way in what they are doing, need to do or could be doing. It impacts on a person’s action or behaviours. Some are simple. You would like to buy...
The Strategy in drought Now what do we do? There were certainly concerns late into the winter, and as an early spring approached, with a significant (severe in many areas) deficit in soil moisture. But, with every new year, there is optimism that with the new year...
No margin no mission I’m sure you will have read something in the past that defines the vision and mission of a business, including farms. At the risk of repetition, I’m going to summarize. A vision describes the future state of the farm. It provides insight to the...