Some decisions are easier to make than others. Some decisions take more time than others. Not sure why but people will sometimes take more time to make a $1,000 decision than a $100,000 decision. I recently had two interesting discussions with farmers. One was with a farmer who has been presented with an opportunity to […] Read more
Author Archives
Tracking how farmers spend their time can be challenging
Haven’t we all asked the question, where does the time go? I had a meeting at a farm this week, arriving around 3:30 in the afternoon. As we were settling in for our discussion, one of the family members commented that it was already mid-afternoon and she hadn’t been able to get to any of […] Read more
Proper financial management means taking action now
Far be it for me, or anyone else, to pass judgment on any farm’s financial situation. However, I do think that it’s entirely reasonable for someone to ask questions, to probe, to make observations on financial performance, and of course, to make suggestions or recommendations. A farm’s current financial position is a function of management […] Read more
Important for farm families to be on same values page
If you find that you are regularly disappointed in things not getting done the way you’d like, it could be because not everyone on the team is working from the same set of core values. Values are core to what your farm business is and what you and your family cherish. Values are traits or […] Read more
A strategic pause can sometimes be the best strategy
Do you ever have an idea? Something that you think about, something that keeps coming back to you again and again, until you finally decide to do something about it and then put plans in place to make it a reality. At its simplest form, this is strategy. The detail required in the planning (the […] Read more
Farm business management challenges same all over
I recently attended the International Farm Management Association 2019 Congress in Launceston, Tasmania, in Australia. Sessions and presentations were focused on addressing global issues and opportunities, such as demand for food, capacity to increase supply to meet the demand, future issues and roles of government. Then the sessions drilled down into the implications of new […] Read more
Pay attention to financial management — all the time
There are two times when farmers should pay attention to their business’s financial management — when they have a gazillion dollars in the bank and when they have no money in the bank. In other words, all the time. I’ll start with a generalization and a caveat. First, the generalization — my observations over time […] Read more
Defining critical issues helps farmers achieve a vision
We’re nicely into January. How are you making out with your New Year’s resolutions? I managed to escape the ritual this year. We had a bunch of family visiting and everyone got busy and we forgot to make our yearly declarations. On the plus side, that means I haven’t had to break my resolutions. Accountability […] Read more
Take time to know where current prosperity originated
Some farms have had a couple of tough years with weather not co-operating. For many, and for a second year in a row, average-type yields have been achieved with very little in the way of moisture. I think it is testament to advances in farmers’ abilities to grow a crop. But there are a different […] Read more
‘Theft of time’ can damage farm’s financial performance
I had an interesting discussion a couple of weeks ago with someone who works in a large not-for-profit organization. The management team in the organization had just finished working through a planning session. Part of the focus of the session was on roles, responsibilities, work plans and desired outcomes. It was pretty typical: who has […] Read more
