Sustainability is the key word in farming industry these days
A word that is used now- a- days more and more in the farming industry is the word SUSTAINABILITY.
This means endurance/maintaining/remaining productive for the future in your farming practices. A big part of this process is profit and farm profits have been strained recently for several reasons.
For instance, too many cattle getting to feed lots keeps prices down. World supplies of grain are too large and overloads markets vs demand. These trends change and are dictated by supply and demand.
During these times of lower prices for commodities it is important to take some steps to help not hinder the process:
-1. Don’t blame others for the low prices. People vent their frustrations on employees of cooperatives, gin companies, granaries etc. when prices are based on the markets.
-2. Focus on ways to make your operation better. Your farm and what you do is different from anybody else.
- 3. Have family team meetings. Look at your operation, different options, and ways to enhance your profits. Get ideas and perspectives from different points of view.
-4. Look at all the options and pick out the best for your operation. Invest only in things that enhance your operation.
-5. Look beyond past problems and focus on areas of your farm/business that you can change to make better.
-6. Your life, your business, your family is what you must focus on. Identify things specific to your farm.
- 7. Keep good records. Good records help you identify the pluses/ minuses in your operation. Financial records, production records, equipment maintenance records etc.
-8. If you have employees or family members involved in your farm business, get input from them and be willing to take advice.
-9. Changes can be good or bad according to your type of operation. What are the consequences of changes like increasing the size of your operation or decreasing it.
-10. Invest in your operation’s future. Make purchases of equipment only when absolutely necessary, and when it is feasible.
Hopefully everyone can make a good life down on the farm especially here in Cherokee County.