OCR Text |
Show Business Principles J Required on Farms Operation by Guess or 'By Neighbor' Deplored Cash, credit, equipment, soil fertility fer-tility and human strength are involved in-volved on the ledger of assets controlled con-trolled by the farmer and rancher assets that become liabilities when management Is lacking. Probably 90 per cent of the difTer-ence difTer-ence between a poor farm or ranch AGRICULTURAL INCOME IN TM u. s. 23.3 I" wuionsM i!l4VT 1939 '40 "41 '42 43 '44 45 '4$ '41 WMi MMIIMIHt O COMMIiCI I tl ltl 111 and a profitable one is in the management. man-agement. Good business principles lead a farmer ahead, whereas one who operates by intuition, by guess or "by neighbor" never gets ahead. Here are a few points necessary to good farm or ranch manage-ment: manage-ment: 1 KEEP RECORDS. This as-1 as-1 sures factual data to use in determining de-termining production possibilities of the farm or ranch. See that yields of crops, production of livestock, live-stock, cash expenses and receipts are" recorded properly. 2 WATCH MARKET TRENDS. By consistently reading market outlooks or discussions on prices, which reflect the most probable future fu-ture situations, farmers and ranchers ranch-ers will have a guide to use in planning plan-ning production. Thus they will be able to have produce ready to sell at the right time to realize the highest high-est price and still have livestock and land more fertile for the following year. 3 PLAN LABOR. Make it tie in with seasons for care of machinery ma-chinery and equipment, time for planting, care of crops, harvesting and marketing. 4 PLAN THE FARMSTEAD AND FIELDS. Make rotations easy, save labor and increase yields by adapting crops to land. |