Farm Business Management: The Strategic Farmer

Farmers must constantly review their long-term plans to ensure economic and environmental sustainability. This book provides methods and procedures to develop and assess future strategies, telling the story of a newly reconstituted farming couple searching for a new property. It covers common issues facing modern farmers and includes lecture guides, case studies, and exercises.

Format: Paperback / softback
Length: 304 pages
Publication date: 14 December 2023
Publisher: CABI Publishing

Farmers are constantly facing the challenge of adapting to rapidly changing production systems, markets, and regulations. This requires them to continually reassess their long-term plans to ensure both economic and environmental sustainability. The future lies in farmers being able to strategically assess opportunities as they arise and resist the temptation to solely focus on short-term tactical decision-making. This long-term perspective is fundamental to strategic planning. Farm owners and managers must regularly examine the future and systematically evaluate potential future scenarios to make necessary adjustments to align with prevailing needs. For any manager or owner considering purchasing a new farm business, whether for expansion or replacement, a similar assessment is essential. This book aims to address these challenges and provide practical methods and procedures for developing and assessing future strategies. It presents a unique approach to being a strategic farmer, akin to a novel, by following the journey of a newly reconstituted farming couple who are searching for a new property to carry out their primary production plans after leaving a family farm that was being passed down to the next generation. In a previous book in this series, Farm Business Management: The Decisive Farmer, this same couple collaborated in a team approach to improving decision-making. This book delves into the couple's efforts to find a suitable property that meets all their strategic requirements, having analyzed expected future scenarios. Throughout the process, the couple engages with numerous fellow farmers and advisors, who also served as characters in the previous books. Each chapter is dedicated to addressing one of the common challenges faced by modern farmers in creating long-term strategies.

Weight: 602g
Dimension: 171 x 247 x 19 (mm)
ISBN-13: 9781800624238