Country Farm and Business Management

Country farm management and business management is the process of planning all aspects of an agricultural enterprise with a view to maximising the profits and income. It is a complicated job that requires a variety of economic, technical and human analytical and conceptual skills. The problem is that the final result of any action is based on conditions which are not predicted or guaranteed and requires a certain amount of flexibility in the face uncertainty.

Management of business and agriculture are closely connected and a successful farmer needs to consider both sides of the equation. For example, he or is required to plan production based on market prices and climatic conditions whilst at the same being a successful financial manager, planning how to raise funds to fund the business in the future, and monitoring progress towards the goals that are set.

It is also important for the owner to have enough income from other sources to cover operating costs and also provide a security margin against unexpected events or emergencies. Additionally the public facilities must be made available to accommodate customers and visitors (e.g. parking signage, education, customer assistance).

Many farms and ranches offer an educational experience for their guests. This includes information about the production of fiber and food products, land management and the background of farming. This is a fantastic way to attract and retain clients and is often well-received by the public. It may be possible to receive funding from a state or local agency to pay for the cost of the education.