If you grew up on a farm, or spent a lot of time growing on a farm, you've probably experienced what it feels like to feel the anticipation of spring. It's not yet time to plant, but when everyone knows it's coming soon. .
The anticipation of a new period of growth often evokes a mix of emotions. There are hopes and plans to plant and cultivate new crops. And there is uncertainty, and perhaps even anxiety, about all the unknowns of the coming year.
focal point
It makes for an interesting mix and can certainly be emotional. No one can know exactly what will happen to the weather and markets during the 2024 growing season. In fact, no one can predict the future, so spending a lot of time and energy trying to understand it can be counterproductive.
So what should farm leaders do? With so many unknowns, the best thing to do is to plan what you will control. can Control – and focus where you can have the greatest impact. As a leader, your greatest impact will be when you commit to planning your business and committing to executing that plan.
3 things for spring
Here are three areas you should pay attention to this spring.
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continue to communicate. Plan to keep your bank representative in the loop this spring. Regular and consistent communication will go a long way in keeping them connected to you and your farm, even during busy seasons. When they hear from you regularly, you can keep them updated on what's going on with your operations. Keep landlords updated this spring. Perhaps you could take the homeowners out to the farm for a special field day.
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Pay attention to your business plan. The agricultural operating environment and market are constantly moving and changing, even during peak seasons. Stay informed and plan now how to adjust your business plan as needed. Having someone to keep an eye on the market at all times can be very helpful, especially during busy periods. You can get help from your farm's market advisor. A market advisor can help you plan your marketing and make adjustments to market fluctuations.
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keep everything going. One of the most important things you can do now is prepare yourself for the busy spring season.Recognize that you can have the most impact if you focus on what you need to do can This spring, controlling what you can't do, rather than controlling it, is the foundation of a positive business mindset. With this in mind as a starting point, you can plan the best way to spend your time building a successful operation.
How are you navigating this market?
Farmers find it comforting to get a third-party perspective from our market advisors. Advisors help our farmer clients plan and execute on marketing decisions, helping them stay informed of the rapidly changing current grain market landscape and how it impacts their operations.
Obtain 2 week free trial Our marketing information service (market view basic). Free trial includes regular audio and video updates, technical analysis, recommendations, and more. Learn more about our Market Advisor program and services below. www.waterstreetag.com.
