Farm Management During the Coronavirus Pandemic

Navigating uncertainty is the key to keeping farm operations going during the COVID-19 pandemic, writes Gil Gullickson in a recent article for Successful Farming. The author recently attended a webinar that offered the following tips for farm managers:

1. Be mentally prepared for uncertainty and unpredictability.
2. Make the difficult decisions necessary to best position your organization for success.
3. Create a budget and track your farm’s performance.
4. Remember that it is many small decisions, not a few big ones, that make the difference right now.
5. Strive to lock in current low fuel prices and interest rates.
6. Do not be afraid to make decisions.
7. Keep your focus on future targets and goals, rather than getting bogged down in the past.
8. Beware of excessive cost cutting that can lead to lower future revenue.
9. Partner with others in your community to discuss strategy and work together.
10. Understand that these events will have a long-term impact.

For further details, click here to read the article in full.