Farming must be run as an efficient business to overcome the combined challenges of increased costs, reduced direct farm payments and variable sales prices. Most farmers are traditional and they follow the same production cycle each year. Now is the time to take a step back, analyse your business and make decisions accordingly. The first step is to get up to date financial management information. This may require the use of a customised software package. Most are now user friendly and all the raw data is easily available on farm.
Denis Faulkner, Greentrack, can help you extract the required management data, analyse this and make decisions based on profitability, family requirements and personal ambition. A detailed farm business plan can then be compiled which will allow you to farm more efficiently, maximise profits and have a professional document to represent your business.