Country Farm and Business Management

Country farm management and business management is the management of all aspects of an agricultural business with a view to maximising profits and income. It is a complex undertaking that requires a variety of human, technical and economic analytical and conceptual abilities. The problem is that the result of an action is dependent on conditions that cannot be predicted and requires a certain degree of flexibility when confronted with uncertainty.

Management of business and farming are closely linked and a successful farmer needs to think about both sides of the business equation. They will need to be able to plan production based on the market prices and the climate conditions, while also being a competent manager of finances as well as planning future funding and evaluating progress towards goals set.

It is essential that the owner has enough revenue from other sources to cover the operating expenses and provide a safety cover in the event of unexpected circumstances or emergencies. Additionally there must be adequate public facilities be provided to accommodate customers and visitors (e.g. parking signage, education, customer assistance).

Many ranches and farms offer an educational experience to their visitors that focuses on the production of food and fiber, land stewardship and the background of agriculture. This is a great way to attract and retain customers and is usually appreciated by the general public. You may be able to receive funding from a government or local agency to help pay the costs of education.

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