Business strategies are practical actions that communicate how a business plans to reach its goals. Thinking strategically about the farm business as a whole helps determine emerging themes, issues, patterns, and opportunities. Learn how to complete a SWOT Analysis for your farm.
Part I of this article series introduces “The Memory Jogger” booklet and how brainstorming and nominal group technique can help generate your farm’s next great idea.
Host Katie Wantoch and Bill Halfman, Professor and Extension Agriculture agent in Monroe County, discuss an alternative to renting more farmland – buying high quality forages from their neighbor.
Host Katie Wantoch and Lyssa Seefeldt, Agriculture Extension educator in Eau Claire County, discuss the trend of breeding with beef bulls to the lower bottom half of a farmer’s dairy herd.
Organizational (org) charts are a visual depiction of your farm’s staffing structure. They define roles and clearly illustrate “who reports to whom,” with connecting lines showing accountability and reporting relationships. An org chart for your farm can help keep things running smoothly and efficiently by providing several benefits.
Host Katie Wantoch and Bill Halfman, Professor and Extension Agriculture Agent in Monroe County, discuss solutions for a farmer that is looking to avoid purchasing higher priced feeds.
Host Katie Wantoch and Lyssa Seefeldt, Agriculture Extension educator in Eau Claire County, discuss some of the points to consider for a farmer who is interested in direct marketing their meat to consumers.
Used extensively as a source of nitrogen fertilizer due to its relative ease of application and wide availability, the obvious downside of anhydrous ammonia use is the serious hazard it presents to workers during transfer and application. The word “anhydrous” comes from the Greek, meaning “without water.” Because of the chemical’s strong affinity for water, […]
Many commodity farms face a fork in the road at some point. The status of their physical infrastructure, labor availability, size, age, or other factors create a time where they must decide to invest in economies of scale or use their resources they have in a more value-added way. Those who invest in economies of scale are […]
Host Katie Wantoch and Jerry Clark, Associate Professor and Agriculture Agent with Extension in Chippewa County, discuss the advantages and disadvantages of neighboring farmers buying forage equipment together.
Host Katie Wantoch and Ben Jenkins, Agriculture Extension educator in Green Lake County, discuss considerations for a farmer to consider with a future land purchase from his uncle.
Host Katie Wantoch and Jerry Clark, Associate Professor and Agriculture Agent with Extension in Chippewa County, discuss the purchase of an ag bagger between a farmer and his neighbor, operating agreements, and managing forage quality.
Strategic Thinking: Using a SWOT Analysis for Personal and Business Growth Stephanie Plaster, Extension Regional Farm Management Educator, will walk through how to assess yourself and your business for strengths, weakness, opportunities, and threats and use them to develop strategies to achieve your goals and improve decision-making.
The top strategies include conducting regular educational meetings, promoting open employer-employee communication and acting in ways that create a workplace culture where safety is accepted, valued and viewed as key to business success.
Farmers track and plan for evolving market conditions only to have a something like a global pandemic further disrupt markets and raise concerns of worker safety. Wisconsin farm leaders have adapted, and they continue to make decisions amid increasingly complex circumstances making it necessary to lead from a well-constructed strategy. Most farm leaders stay on […]
Risk and farming are two sides of the same coin. Like many industries, the farm business lives with and deals with risk daily. Further, the number of risks and their costs are increasing. These increases make the management of risk a vital component for successful long-term profitability. Risk is the probability that some event will cause exposure to […]
Whether on the tractor, in the barn, or at the farm office, farm managers are always mulling over some change to their operation that might improve profitability. It might be employing a new technology, launching a new enterprise, buying or leasing machinery, altering a production practice, or some other possible change. Occasionally, one of those ideas […]
As people who live in rural areas, we are all use to the potholes that jar our vehicles and rattle our teeth. Likewise, the financial statements that measure the position and performance of our dairy businesses have potholes too that are sometimes difficult to navigate.
