How To Succeed In Agriculture

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and STEM. Agriculture is a huge business and an industry and a key component of the economy of any nation. If you’re going to launch in this business, it’s important to understand the keys to succeeding and the causes of failure. The following contributed post is entitled, How To Succeed In Agriculture.

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Whenever you are looking for an industry to get involved in, you are always going to look for one that you know will probably be profitable far into the future. With something like agriculture, that is what you are always going to get. No matter what, this is the kind of business that is likely always going to help you become richer and it is therefore worth looking into. In this post, we are going to discuss how you might be able to succeed in the world of agriculture, and what it might take to do so more easily.

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Consider The Economic Plain

First of all, you need to look into the current economic conditions and think about whether it is the right time to be starting an agricultural business, if you don’t already have one under your belt that you already look after. There is no easy right or wrong answer here: it is mostly a matter of your own consideration and looking into whether or not you are going to be able to make it profitable right now. Research what other people in the industry are doing, and you should find that this helps to give you some idea about what to do yourself.

Sourcing Supplies & Equipment

If you have decided that you can do well enough with agriculture and you are going to try and start a business, then you need to look into how and where you are going to source your supplies and equipment from. There are a lot of options you have here, but one of the most obvious and beneficial is to look into suppliers like https://pomi.dk/en/ whom you know you can trust, and whom you are going to find offering good prices for agricultural machinery of all kinds.

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Reducing Costs

There are many costs that you might want to look into reducing too if you want to make sure that you are running your agricultural business just right. One of the most important and simplest measures that a lot of farmers end up taking, especially during times of drought, is to reduce their water usage. Not only is that beneficial for everyone and the planet, it is also an important step in making sure that you are not overspending your cash, and that is essential for running a business in a healthy and strong way. See more on this at https://bizconnect.standardbank.co.za.

Dealing With Uncertainty

Frankly, it is a fairly uncertain time for agriculture, so you need to make sure that you are thinking about what you can do to make it better. You need to look ahead and predict as well as you can, but you should also think about what you can do to bolster your business against the worst. At the moment, you need to think about covid and the possibility of a second wave, which could make things very difficult indeed. The more you think about it, the more chance you have of surviving as a business.

7 Words You Need To Understand Before Starting Up In Agriculture

Three of the focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship, and STEM (Science, Technology, Engineering and Mathematics). Agriculture is a fascinating sector in that it merges business with the plant sciences, Botany and Ecology. In order do business in Agriculture, there are key terms that you need to understand. The following contributed post is thus entitled, 7 Words You Need To Understand Before Starting Up In Agriculture.

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Agriculture is a thriving sector of the economy and currently going through enormous change. That means that there are big opportunities available to people who can see them.

But part of understanding any industry is knowing some of the jargon that people in that industry use to communicate with each other. Jargon isn’t pointless, as many people contend: it’s just a way of expressing shorthand with other people with a high level of knowledge of a particular subject. So what words should you know if you’re planning on setting up in the ag business? Let’s take a look.

Yield

If you grow your own crops, you need to understand the concept of yield. Yield, put simply, is the weight of crop produced, divided by the area required to produce it. Modern farmers will usually speak of “tons per hectare”, but old-fashioned metrics might include “bushels per acre” where a bushel is an imperial measure for a quantity of a crop. Visit this website to find out more.

Bushel

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Speaking of bushels, what exactly are they? Bushels are just a unit of measurement for a crop, Traditionally, a bushel was 8 gallons of grain, but the weight of a bushel varies with the type of plant. Eight gallons of oats, for instance, weighs about half as much as the same volume of wheat.

Polyculture

Wikimedia Commons

Take a look at most modern farms, and what do you notice? The same crop is grown in all directions, mile after mile. But is this the best way to grow? Polyculture refers to the process of growing complementary crops next to each other, boosting the yield of both.

Seed Drill

Seed drills are pretty self-explanatory. Before mechanisation, farmers used to drill seeds into the ground mechanically using horse or cattle-driven ploughs. Today tractors pull seed drills along fields, allowing farmers to plant seeds at set depths and intervals.

Permaculture

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Permaculture refers to a process of designing human communities so that food production and waste are closely linked. The idea is to recycle all of the raw ingredients of farming to create something sustainable.

Dry Farming

With freshwater supplies under threat worldwide, there’s a growing need for dry farming: or the practice of relying on rainfall and soil moisture alone, rather than irrigation. Traditionally, farmers relied on building channels that would transport water to their crops to keep soil moisture levels high. But dry farming is a far riskier process because farmers essentially don’t have any control over when it rains. Dry farmers tend to rely on hardy crops that can withstand water and nutrient depletion.

Herbicide-Tolerant

Weeds can reduce yields by outcompeting crops for resources: soil nutrients, water and sunlight. Farmers need to get rid of weeds, but that can be difficult. Killing weeds with herbicide is all well and good, so long as the herbicide doesn’t kill the crops at the same time.

Herbicide-tolerant crops are those which can survive treatment with herbicide. The weeds die, but the crops don’t – exactly what you want as a farmer.

So, are you ready to start up in agriculture?