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Country Farm and Business Management

Country farm and business planning is the process of planning all aspects of an agricultural enterprise in order to maximise the amount of income and profit. It is a complex undertaking which involves a wide range of technical, human and economic conceptual and analytical skills. The challenge is that the result of any decision is dependent on the conditions that cannot be predicted or guaranteed and requires a certain amount of flexibility in the face of uncertainty.

Farming and business management are inextricably linked, and a successful farmer must be able to consider both sides of the business equation. For example, he or can plan production on the basis of market prices and climatic conditions while at the same time being a good financial manager, planning how to raise funds for the enterprise in the future and monitoring progress towards the objectives set.

It is vital that the owner earns enough revenue from other sources to cover operating expenses and to provide a safety insurance in the event of unplanned situations or emergency situations. Additionally the proper public facilities should be made available to accommodate customers and visitors (e.g. parking signage, education, and customer assistance).

Many farms and ranches provide an educational experience for visitors that is focused on the production of food and fiber as well as land stewardship and the background of agriculture. This is a fantastic method of attracting and keeping customers and is typically appreciated by the general public. It is possible to receive funding from a state or local agency to help pay the cost of education.

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