Managing Known Factors Increases Odds of Farm Profitability

LAKELAND, FL – Running a profitable farm involves navigating both unpredictable and controlled factors. Over the next week, we’ll examine the five characteristics of highly profitable farms, as outlined recently by AgAmerica Lending – a Florida-based ag loan lender specializing in the valuation of land. The group explains that there are circumstances beyond a farmer’s control, like weather, regulations, markets, and trade policies, but the business decisions made by operators can have an equal or greater impact on farm profit margins. Manageable characteristics contributing to farm profitability include farm input costs, crop yield metrics, ag-tech adoption rate, risk management, and farm size classification.
(SOURCE: All Ag News)