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RSS By: Chris Barron

Chris BarronHave a margins question? Through this blog, you will gain insight into improving your bottom line, as a margins expert answers questions and provides farm business advice.

 

Nascar & Farming: The Race is On

Apr 18, 2011

 What is different? What is the same? The similarities of Nascar and Agriculture are a lot like looking in to a mirror. So many of the obstacles and challenges that race teams face in Nascar are challenges and obstacles we face in Agriculture. A success story: Hendrick Motorsports five Championships & 53 Race Wins in the last five years! Total dominance over all other race teams!

Another critical concept of Hendrick Motorsports is the structure of "multiple car teams." This idea is very basic. Put four cars on the track that work together as "one team" and you have four times the power, four times the information, four times the money from sponsorships, four times the amount of talented   people that want to work with a winning organization! All of this along with some time and professional leadership results in a dominating organization.

What do you need to do as farmers to be successful when agriculture seems to change as fast as a Nascar race? Think about the four car team model vs. a 1 car team model. Think of the difficulties of a single car being able to compete with the lack of resources mentioned above. This is much the same as the single farm operation trying to be competitive with a multi-unit operation. If two or three or even four farmers could develop a strategic approach with proper leadership and people working together towards the same rewards one can just imagine the potential Strength and Benefits. Like Hendrick Motorsports, four times the information, four times the capital to work with, four times the talent and skill to draw from and four times the opportunities, as suppliers, investors and other farmers want to tie their wagon to your "New Operational Structure".
 
There are more opportunities in Agriculture now then ever before as we consider all of the technological tools we have at our fingertips. However, this creates the largest challenges we have ever faced in Agriculture. If we as operators can learn to work together as a team, share critical information, put some of our independence and ego’s aside, and most importantly work toward networking our personalities together, we could be that "four car team" that Nascar has already accomplished. Think about neighbors and other farmers in your area; are there others that you could network with in a way that would benefit you both? Think about the potential! There are strategies available to begin this process. Talk to others who have been successful in this process and discover how you could put together a Winning Strategy.
 
If you're interested in networking or collaborating with other farmers in your area send me your questions. I have developed a multi generational business model that I would be happy to share with you. http://www.cb-farms.com/MultiGenBusMod.html
 
Gentlemen, Start Your Engines!!
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