8 PRACTICES OF RICH FARMERS

Active 0 Reply 755 Views 2017-09-19 15:41:40 General
PRACTICES OF RICH FARMERS



source


Do you want to be rich through farming? Study and practice the 8 practices of rich farmers below:

1. THEY PLAN PRODUCTION AROUND TARGETED MARKETS. Poor farmers always produce without any strategy. Go the way of the rich farmers!

2. THEY ALWAYS EMPLOY TECHNICALLY TRAINED AND KNOWLEDGEABLE PERSONNEL. Poor farmers always employ friends and relatives. Go the way of the rich farmers!

3. THEIR MANAGEMENT APPROACH IS PERFORMANCE BASED. That is based on yields, productivity (efficiency of production) and profits. The management approach of Poor farmers is simply to keep stock not bothering about yields or profits as long as the farm is full of stock. Go the way of the rich farmers.

4. THEY HARVEST AND SELL FARM PRODUCTS BASED UPON A PLAN. Poor farmers are known for irregular harvesting and sales of farm products. Go the way of the rich farmers!

5. THEY PRODUCE FOR PROFIT. Poor farmers are not bothered about returns or length of production cycle. Go the way of the rich farmers!

6. THEY COSTS ALL INPUTS INCLUSIVE OF THEIR OWN LABOUR. Poor farmers don't cost all inputs especially LABOUR. Go the way of the rich farmers!

7. THEY KEEP AND ANALYSES WRITTEN RECORDS OF PRODUCTION, COSTS AND RETURNS. Poor farmers don't keep written records. Go the way of the rich farmers.

8. THEY USE THE INFORMATION FROM FARM RECORDS TO FORM THE BASIS FOR MAKING MANAGEMENT DECISIONS. In other words the farm records are the key management tool for rich farmers. Poor farmers on the other hand may keep farm records but the information are not analyzed nor used to improve efficiency of the farm's management and operations.
GO THE WAY OF THE RICH FARMERS!

loading...