Position Your Farm For Growth: Building your business requires an objective overview to develop a strategy that boosts efficiencies and income

摘要

When farmers think about growth, the first thing that comes to mind generally involves working more acres. That shouldn't always be the case, says Mike Boehlje, an agricultural economist at Purdue University. "If you were to talk to a business personoutside of agriculture," Boehlje says, "and ask them about growth, they don't first say 'We need to build a new plant.' " But that's how farmers often think. Growth means growing sales, growing the top line of the income statement, Boehlje explains. Thatmay or may not involve more acres. Producers can diversify the crops they grow or the livestock they raise. They can put their efforts into coaxing higher yields from existing acreage. efficient growth. Thinking beyond what is typical may be part of a plan for growing your business, Boehlje says. Using what you have more efficiently is really growth.