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.
Look at ways of spending less money producing each unit of output. Are there changes you could make that would help control costs better?
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.
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.
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.
Once the farm structure is correct, the attention to detail of every aspect of farming makes a cumulative difference.
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.
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.
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.