and a strong cash flow provide time and choices. Every area of expenditure can be analysed in relation to the
goals and direction of the business. There are no surprises.
not to be tempted to chase marginal return unless it fits in with your business
plan. Always ask the question is the added cost generating a direct return.
decisions need to be based on the long term goal. Do not spend on additional
resources unless you are making the most of what you currently have. This
includes land, stock, staff, water, feed, machinery, etc.
some the changes will be small, if at all, while for others it may be a big
mind set shift.
A strong cash flow takes planning and involves
asking the hard questions of your current operation. Look outside the farm for
benchmarking and ideas for improvement. Plan for a profit and free cash while sticking
to the plan. Setting up a strong cash flow takes time to review and discipline
to monitor and maintain.
Take the opportunity this season to
drive the business, keep a close hand on expenses and generate free cash to
build a stronger business for next season.