In practice, many farmers lack this, making it almost impossible to make informed decisions, and right now they need to be making these more than ever before.
A lot of businesses are at a crossroads, with the phasing out of BPS, the transition to ELMS, Brexit and the prospect of tax changes quite rightly making many question what they are doing.
As a result, I’ve been busy with business review work recently, for clients as varied as those with contract beef-rearing enterprises, dairy herds and mixed arable/livestock units.
It involves finding answers to seemingly simple questions such as: Where are you making money? Where are you loosing money? Where are your efforts having the most benefit? Where should you invest money? Should you even carry on doing what you’re doing? Do you actually want to spend the rest of your life doing this?
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Article by Matthew Berryman Open PDF