North American Family Business Advisors Dedicated to the Preservation of the Family Farm

A Balanced Management Approach to Growing Farms

Lydia SorensonComment

Author: Terry Betker
Published: International Farm Management Association

Actual observations show that two neighbouring farms will typically report different financial outcomes. One farm will be better off than the other. Same enterprises. Same size. Same weather. The only variable is the difference in management decisions made for each of the farms. Longer term, the implications pertain to the potential impact on the ability of the farm to support growth objectives and sustainability. An increasing number of farms are facing the issue of not having the capacity to support growth. Why is this happening? Click here to read on.