Sus­tain­abil­ity is the key word in farm­ing in­dus­try these days

Cherokee County Herald - - SPORTS -

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.

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