Many producers utilize off-farm jobs to generate additional income and procure benefits such as health insurance and retirement funding. This raises the question, particularly for smaller farms, of how to balance off-farm employment while maintaining a successful operation at home. When deciding whether you can (or should) manage an off-farm job, here’s some things to consider.
A number of companies are emerging in the area of big data, offering various services such as data, the ability to buy inputs online, expanded crop marketing options and other information. But this comes at a time of great discussion and controversy regarding data; how it will be collected, privacy concerns, who owns the data and how it will be used?
In any business, including natural resource-based enterprises like farming, fishing and forestry, knowing your costs has always been important. But in today’s world of tight margins, it is imperative. Knowing, and managing, your cost of production is essential to running a profitable operation.