MANAGEMENT

The hay is sold, the check is in your hand, and now it’s time to pay the bills. Having money left over means your haying operation is profitable, right? What if you could be making more? Could you just be breaking even? Or are you actually losing money and you just aren’t aware?

“Over the years, one thing I’ve learned is nothing is so valueless as a service already rendered,” said J. David Krekeler, an attorney for almost 40 years with a specialization in debtor/creditor law for most of that time.

Those of you who have followed my articles know that I like to illuminate the complex challenges facing forage and livestock producers. Like you, I would prefer things were simpler, but unfortunately, just the opposite seems to be happening.

Growing your business. What does that mean to you?

It’s not uncommon to think that growing your business means you must sell more products or services or have more customers.

“Diversify” seems to be a buzzword around agriculture these days. Any commodity conference is bound to have a workshop on the topic. Yet what do they really mean for a forage grower?

At some point or another, many producers toy with the idea of starting another business or adding a business component to the production model. Some parents require that children coming back into the operation bring an additional business with them, to make limited resources stretch.