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When it comes to farm business success, there’s much more for farmers to know than simply knowing their plants and crops. Successful farming calls for proper management and effective marketing and no one knows it better than influential farmers across the world. For details explore this ppt and visit http://kg2.com.au/
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COMMON HABITS OF INFLUENTIAL FARMERS When it comes to farm business success, there’s much more for farmers to know than simply knowing their plants and crops. Successful farming calls for proper management and effective marketing and no one knows it better than influential farmers across the world. That said, highlighted are common traits of highly influential farmers that set them apart from their peers.
COORDINATE CAPITAL • A smart effective farmer is always mindful of cost management. • They know and analyse their production costs, calculate their profits and revenue in order to determine the estimated cost of production and set the price target for the future.
ADVERSITY MANAGEMENT • Influential farmers have a habit of considering their “What If” scenarios well ahead of time. • While being optimistic is a sign of positive attitude, you can’t limit yourself to considering only the upside and mostly-likely outcomes. • You must think about the worst and plan what would you do if it does happen. Consider the key factors; death, departure, weather, disability. Think about varied possibilities around these factors and create a management and recovery plan for the adversity.
KEEP TABS ON BUSINESS • All successful farmers tend to keep a check on their performance and thus are more likely to foresee risks and problems before they impact their business. • Monitor and analyse your activities, budget, costs, earnings, not to mention mistakes, failures so that you can avoid them in the future. Consistent monitoring allows you to be aware of what’s going on with your business and determine changes you need to make in order to ensure smooth function.
ONGOING PROCESS OF LEARNING • One of the most common traits of successful farmers is they never stop learning even making it big in the industry. • The agriculture technology is constantly evolving. Numerous innovations around varied aspects of agriculture including direct marketing, big data farming and mixed farming are making their way into the industry, providing farmers with better opportunities to grow. • By attending agriculture seminars, festivals, meet-ups and events, successful direct marketing farmers and farming entrepreneurs alike strive to learn and improve their knowledge for the better.
TO SUM UP • All these characteristics reveal that an influential farmer would not only know about their crops or a few farming techniques but also their industry, markets, customers, produce and challenges. • Remember that heeding these common habits of influential farmers may not necessarily guarantee success in your own agribusiness but they will sure help you be more strategic about your approach and farming operations.