Farm Table says:
This guide opens with the following statement:
Some things change, some things stay the same. Technology may have advanced, marketing options may have evolved and margins may be tighter than five decades ago, but the fundamentals of farm management remain. At its core is decision making, choosing a path that provides a farming business with an acceptable reward for acceptable effort at an acceptable amount of risk.
The booklet contains insights and experiences from the Grain and Graze program around four key concepts:
- Human nature
- Operating principles
- Decision making
- Decisions: the head, the heart, and the gut, types of decisions, approach to decision making, characteristics of a good farm decision maker.
- People: beliefs and values, emotions, managing change, stress, personality types, energy, organization
- Farm business basics: bottom line, short-term credit facility, cash flow, profit and wealth management, gross margin, wealth
- Risk: reward and risk, assigned risk, inflation, commodity prices and production.