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Are YOu Ready For The Super Bowl of Farming?

Published on: 06:18AM Feb 07, 2011

 

After watching the Super Bowl last night (and I must admit I was rooting for the Packers), I reflected on how our farmers may want to check their operations and management to see if they would be ready to play in the Super Bowl of Farming.
As a manager of your farm operation are you:
 
  • Using accrual accounting to determine your true net farm income for each year
  • Taking advantage of precision farming to minimize your input costs and maximize your revenues
  • Using a marketing plan each year for each crop
  • Maximizing your equipment utilization to reduce your overall equipment cost per acre
  • Providing appropriate incentives for your employees
  • Taking advantage of a Web Site to provide information to your landlords, employees and other interested parties
  • Being proactive with you banker by providing information before they ask and keeping them updated
  • Obtaining education each year on how to improve each of the above items.
 
How is your scorecard on each of these.  Could you play in the Super Bowl of Farming?
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