Brexit toolkit

The following resources are available to help you look at the specific business areas needing improvement that you’ve identified from completing the resilience check list. While many of these tools have been tailored for individual sectors, the principles can be applied across all farm enterprises. 

Minimise overhead costs

Look at ways of spending less money producing each unit of output. Are there changes you could make that would help control costs better?

Set goals and budgets

Have you got a clearly set out vision and objectives for your business? Carrying out detailed financial budgeting each year not only gives an indication of expected profitability but can also make farming activities fundamentally more profitable.

Compare yourself with others and gather information

More than half of farmers operating in the bottom quartile do not realise they are underachieving, suggesting the benefits of benchmarking or other comparable analysis could be tremendous.

Understand the market

Remaining resilient and competitive will also require you to grow and/or provide produce that the market demands.  As part of this you will need to understand how consumer trends and market changes can influence contracts and therefore what you grow.

Focus on detail

Once the farm structure is correct, the attention to detail of every aspect of farming makes a cumulative difference.

Have a mindset for for change and innovation

Do you keep an open mind in trying new things in order to see if improves certain aspects of our business? Although this involves an element of trial and error, there is no doubt that having the right information at the right time will help you make the right decisions for your business.

Continually improve people management

Empowering staff (including family labour) to do a great job involves investing time and money, but especially time in them. Training, motivation and crystal-clear leadership all contribute to trusting, loyal and hard workers.

Specialise

Farms that concentrate on doing one farming system rather than many tend to be more profitable. It focuses the mind and prevents distractions. Fewer enterprises gather fewer overheads. It also makes it easier to ensure each enterprise is an efficient and optimal size.