Growth Business Strategies for Your Farm

February 1, 2014 09:31 AM
 

The following information is a Web Extra from the pages of Top Producer. It corresponds with the article "Grow Smart." You can find the article in Top Producer’s February 2014 issue.

Growth Strategies by Type of Farm

Written by Don Hofstrand, retired extension value added agriculture specialist, June 2007

Traditionally, Midwestern agriculture farming operations have been relatively standardized with each operation made up of a land base producing commodity crops and feed that was fed to commodity livestock on the farm. However, modern agriculture has seen the proliferation of different types of farms. The four prevalent types are outlined below. Each type of farm needs to follow a different strategy to be successful. Below is the typical growth strategy for each of four different types of farm, along with how operations are organized and income generated and what resources are required.

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