Country Farm and Business Management

Country farm management and business management is the process of planning every aspect of an agricultural business with a view to maximising the profits and income. It is a difficult task that requires a broad range of human, technical and economic conceptual and analytical skills. The difficulty is that the final result of any decision is contingent upon conditions that can’t be predicted or guaranteed and requires a degree of flexibility to deal with uncertainty.

Farming and business management are inextricably linked. A successful farmer must be able to consider both sides of the equation. For example, he or she must be able to plan production based on market prices and climatic conditions while at the same being a good financial manager, planning how to raise money to fund the business in the near future and monitoring progress towards the goals that are set.

It is essential that the business owner has sufficient revenue from other sources to cover the operating expenses and also provide a security insurance in the event of unplanned circumstances or emergencies. In addition the proper public facilities should be provided to accommodate visitors and customers (e.g. parking signage, education, customer assistance).

Many ranches and farms provide an educational experience for their visitors that concentrates on the production of fiber and food and land stewardship, as well as the history of agriculture. This is a great way to keep and attract customers and is generally popular with the general public. It is possible to receive funding from a federal or local agency to cover the cost of education.

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