DON’T JUST GROW YOUR CROPS —
GROW YOUR BUSINESS
Growers have a natural passion for the field. Many have grown up with farming as a way of life, and the generational knowledge they’ve received has centered on producing a healthy crop. Running the farm as a “business” has been less of a focus, and that’s left some operators unsure at times if they’re maximizing their Iowa farm’s ROI.
And with all the complexities of modern farming, even those with a more solid understanding of agricultural data and business can sometimes feel challenged to keep up. No one can be great at everything, and the combination of farming and business management can be difficult for a single person to master.
But in tight times like these, you have to be great in all areas to stay profitable – there’s no room for error either in the field or the office. The time has come when great farming also requires greatness in business.
So what’s the answer? We believe that, like the heads of many successful companies, you should have a dedicated, expert business coach. Talk to an experienced Iowa farm advisors who can help you maximize your ROI and steer your business to success. Sure, you could go it alone, but why?
To maximize your Iowa farm’s ROI, you need to monitor your breakeven, working capital, agricultural data, cash flow, and debt load. If any deficiencies come up, you have to know how to identify and implement effective changes that will get you back to profitability. It’s also essential to understand how lenders view your operation so you can speak their language.
With pressure mounting, many growers decide that cutting costs and taking on another loan note is the only way to keep going. But a more holistic approach involves spending the right dollars in the right place at the right time to save money and increase revenue.
Our Iowa farming business advisors can help you find the hidden factors in your agricultural data that are silently costing you money every day and create a plan for maximum profitability that fits your constraints, needs, and goals.
GROW YOUR OPERATION
Growing your farm business long-term takes a comprehensive strategy that incorporates your finances, operations, equipment & land purchases, and succession plan. We can help bring clarity to your vision for your farm, and then create a roadmap to get you there.
We can help you consider sound decisions for acquiring or divesting land, and evaluate which forward-looking equipment purchases and infrastructure projects might have the most benefit. Our Iowa farm consultants help you optimize systems for monitoring your financial position, managing risk, and planning for taxes.
Preserving your agricultural legacy through succession planning will prepare your heirs to take on the essential operations of the business and ensure your farm grows and thrives for years, and generations, to come.