Country Farm and Business Management

Farm and business Management (FBM), is the practice where you coordinate all http://www.mountaincountryfarm.com/generated-post-2/ aspects of your farming operation to maximize income and profit. A broad set of skills and knowledge is used in this process including planning, management, economic analysis and marketing.

Key practices for country farm and business management include:

Marketing – selling your products or services; financing – loans to finance your operation; risk management – ensuring that your operation is safe from disasters.

Financial – creating pro-forma and actual enterprise budgets to help forecast income and expenses; calculating ratios; setting financial goals.

The first step to achieving your objectives is to create a plan. This will help to identify the weaknesses in your business by thinking through the different functions.

You’ll need to find out if your property is zoned as production land or if zoning laws limit the kind of production that you can do. Check with your township or county if there are any restrictions and how they might affect your plans.

You will also require adequate public facilities such as parking, signage and customer service. These facilities are required to accommodate visitors and customers to your farm/ranch.

Ultimately, you will need a business that is self-sustaining and generates a steady income. This means earning enough money to cover your daily expenses and save up for the future.

Rogonsa

El Autor De Todos Los Puestos