5 Reasons Why You Should Develop a Farm Calendar
Market and price fluctuations more often than not determine what buyers want, how they want it and when they want it. This informs farmers how to plan their farm calendar of crop produce and breeds that will bring in more income and profits.
Naturally, a farmer is more concerned about the future and how it determines the planting process for the next season or long term basis. Below are some of the tips every farmer should consider when making plans for their farm.
Understanding Existing Conditions of the Farm
Conducting an analysis for the land, allows you to better plan for profits by identifying and assessing any issues that may compromise the performance of yields, as well as recognizing the potential value of the land before pulling any resources. This may lead to the appreciation of soil testing technique or incorporation of a new technology after assessment.
Plan for the Market
What do people want? What crop should I produce and what variety of breed? What is the nature of the product to be sold in the market? How much labour will I need? Do I have enough cash to buy the materials or will I need more? By
answering these questions, you will be able to develop a strategy that identifies customers and competitors and how to rise above it and attract success.
Prepare for Climate Variability
Climate change largely contributes to the future development of agriculture, which in turn affects its value chain. Being aware of the unpredictability, adopting to agricultural technologies, innovations, crops, breeds and new practices provides a safe haven for success and food security.
Cash Flow Management
Developing a sound and resilient farm calendar, means setting up a financial model that will minimize potential hazards down the road, and lead to smooth running of operations. A cash flow tracker informs you on what purchases for the farm are crucial, what new investments can be explored, and how to factor the management of new crops or breeds. Cash Flow Article Link
Plan for Resource and Cost Implication
Whether or not you currently take inventory of the direct and indirect costs of production, planning for it is paramount as it informs you of the marginal profits and losses crops or breed variety amass. This allows you to strategize on better farm practices or investment opportunities by incorporating labour and other resources needed throughout the farm calendar