*10 SOLID WAYS TO INCREASE YOUR PROFITS AS A FARMER*
Labour without profit is slavery. The primary purpose of being in business including farming is to make profit. This is a challenging area for Nigeria farmers. But there is a way out. A farmer should not only make profit in farming, he should also strive to increase his profit from time to time.
Join me to explore these time tested strategies in maximizing profit in farming.
1. Think big but start small.
↪ It is good to think big when starting a business but it is wisdom to start small especially when you are doing farming in the Nigeria environment where adverse forces are always at play to frustrate businesspeople.
2. Wage war against feed wastage.
↪Feeding alone takes more than 75% of the cost of running farming business. A farmer must be alert and monitor the use of the feeds. Farm attendants could be callous wasting feeds anyhow.
3. Prompt treatment of disease cases.
↪ Diseases are profit killers. Lingering outbreak of diseases will wipe off a farmer’s profit. Take action immediately you suspect health problems. Delay is dangerous!
4. Think productivity and profit.
↪What you don’t think, you may not experience.
5. Do aggressive marketing of products.
↪ Don’t wait for your ship to come in, swim out to meet it! Sell, sell and sell.
6. Employ smart and hardworking staff.
↪You can’t afford not to do this.
7. Negotiate all purchases.
↪You will be surprised how much savings you will make by this singular act.
8. Avoid credit sales of your farm products.
↪ Unrestrained credits will kill any business.
9. Master the relevant management basics.
↪ Most times failure in farming is nothing but management problem at play.
10. Stay focused.
↪ Focus is a magic wand for any business that wants to prosper.
🙏🏿I sincerely wish all farmers great profits in farming!
Happy Farming!
👉🏿You Will Succeed!
👉🏿👉🏿
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