Successful farming requires more than production. Farmers also need to understand costs, markets, risks, expected revenue, and how farm activities will be managed.
Key Areas to Plan
- Production goals.
- Input and operating costs.
- Labour requirements.
- Expected market and selling price.
- Cash flow.
- Potential risks and mitigation strategies.
Farming Tip
Keep accurate records throughout the production cycle. Good records make it easier to evaluate performance and improve future farm decisions.