Boost Your Bottom Line by Building Cash Reserves, Investing in Income-Producing Assets dtnpf.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnpf.com Daily Mail and Mail on Sunday newspapers.
In part one of this series we discussed the keys to better day-to-day operational communication. In part two, it was all about how to face conflicts within your farm team. Today we’ll look at the need to communicate for long term planning purposes.
It’s like going through the planter to gauge how things are holding up, replace what’s needed, and perform preventative maintenance like changing problem bearings.
This is a once or twice-a-year meeting that looks at the big picture. Typically, these agendas include:
Performance review: financial, yield, cost of gain, whatever metrics measure the performance of your farm.
One of my favorite venues is The Executive Program for Agricultural Producers (TEPAP) held at Texas A&M in Austin, Texas. This program, envisioned by Dr. Danny Klinefelter, is the “Super Bowl of learning” for individuals that desire to improve their management mindset. The COVID-19 pandemic required the program coordinators to employ plan B by hosting the event online this year. This marks my 30th year of engaging producers, agribusiness leaders, and lenders from the U.S., Canada, and around the globe. The early January event had over 200 participants.
A profile of the participants found that 62 percent were TEPAP alumni returning for a refresher and 38 percent of participants were newbies ready for engaged learning. Of the alumni participants, 89 percent had graduated in the 21st century. Eleven percent of the alumni participants were graduates of the 20th century when I made my debut with the kickoff of TEPAP.
10 Farm Succession Goals to Set for 2021 agweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agweb.com Daily Mail and Mail on Sunday newspapers.