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Use Winter Days to Better Position Your Business

November 13, 2012
By: Sara Schafer, Farm Journal Media Business and Crops Editor
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As harvest winds down, use your extra time to reevaluate the elements of your operation that can be improved.

Moe Russell, Farm Journal columnist and president of Russell Consulting, says a typical farming operation includes four key areas:

  • Marketing
  • Labor
  • Machinery
  • Agronomy

 

He says farmers have a great opportunity to improve the agronomic management area of their operation by maximizing low interest rates. "Next year, you can apply two years of fertilizer and sell some 2013 and 2014 corn to offset those costs. This is an excellent strategy that I just don’t think you can go wrong with."

Russell details other key management strategies to explore:

For More Information 

Read Russell’s Farm Journal columns: The Bottom Line

 

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