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Farmers Under Forty
1 years, 4 weeks ago
from Farmers Under Forty
"As we cruise into the growing season, it’s difficult to think about anything other than planting. It’s time to get this crop off to a good start. At this point, seed- and crop-protection-purchasing decisions have been made. Many of the other production costs such as equipment, fertilizer, insurance, labor and taxes also are pretty much fixed for the upcoming crop season.
"Although many of these expenses have been calculated and placed into the budget, we must resist the temptation to transition our focus completely away from the business and toward production. A budget requires detailed tracking, analysis and fine-tuning. If we aren’t measuring our results against our actual projections, how can we ever expect to improve?"