As a sheep and beef farmer, have you ever stopped to ask yourself if you really know the pattern for generating profit from your farm business? Have you ever mulled over how it should be a lot simpler than our industry (and our annual results) seems to make it? Well, the good news is that creating profit from a sheep and beef farm business comes down to exactly that - keeping it simple!
All sheep and beef farmers need to answer these 3 questions accurately if they really want to get their hands on that consistent profit that is proving so elusive in our industry. Moving their businesses forward is not only important, it is crucial to their families futures.
Sheep and beef farmers are enjoying some reasonable returns lately, and rightly so! They produce great products (mainly meat and wool) that consumers need to stay healthy and well clothed. It is in fact very challenging for the average consumer to find good healthy food (such as meat) produced by nature and without additives of some kind these days. Fibre from the sheep's back (natural) is also very hard to beat in terms of it's attributes for warmth, durability, good looks and fire retardant properties, among others.
The focus for many sheep and beef farmers at the moment is on lifting returns "to provide a decent reward for their efforts and make farming actually worthwhile." This is mainly due to the sentiment around lack of profitability in sheep and beef farming - a lack of spare cash and the lack of options people perceive around that.
This statement may seem a little obvious and I would agree. However many in the sheep and beef farming industry unfortunately tend to confuse to two concepts, often to a point where they are accepted as one and the same. Perhaps this is a big contributor to the lack of profitability in our industry?
Putting together sheep and beef farmers of like value systems creates incredible opportunities! The power and focus created when they mastermind together for a common purpose is just what our NZ Sheep and Beef farming industry needs, and this is exactly what was created when GrowFARM clients from around NZ attended the GrowFARM National Mastermind Meeting for 2 days last week in Hamilton.
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