Country farm and business management is the management of all aspects of a farm operation in order to maximize the profits and income. It is a difficult task that requires a range of human, technical and economic conceptual and analytical skills. The problem is that the final result of any action is contingent on circumstances that are not predicted or guaranteed and requires flexibility to deal with uncertainty.
Business management and farming are inextricably linked and farmers who are successful must be able think about both aspects. The farmer will have to be able to plan production based on the market prices and the climate conditions while also being an effective manager of finances as well as planning future funding and evaluating progress towards the goals that are set.
It is essential that the owner earns enough income from outside sources to cover his operating costs and provide a safety net in case of unexpected events or emergency situations. Additionally the proper public facilities should be available to accommodate customers and visitors (e.g. Parking signage, education and customer service are all crucial.
Many ranches and farms provide an educational experience to their guests. This includes information about the production of fiber and food products as well as land management and the background of farming. This is an excellent way to keep customers and draw them in and is generally well-received by the general public. It may be possible to receive funding from a local or state agency to help cover the cost of the education.
