Articles

Latest Articles

  • 7 financial literacy tips for farmers
    7 financial literacy tips for farmers
    Financial literacy is critical to farm business success. The starting point is, farmers need to create a balance on both production and business knowl...
  • Cauliflower Production Guide
    Cauliflower Production Guide
    Site Selection Soils can be medium to heavy clay loam with good water holding capacity. Sandy soils tend to require more frequent irrigation cycles an...
  • Why Direct Marketing?
    Why Direct Marketing?
    Direct marketing is the best way to capture a greater percentage of the food dollar.   What do we mean by "direct marketing"? We're talking about getting...
  • A Guide to Soil Testing
    A Guide to Soil Testing
    What is soil testing? Soil analysis is a set of various chemical processes that determine the amount of available plant nutrients in the soil, but als...
  • Maize harvesting and post harvest management Part 1
    Each season on the farm has its share of joy, but perhaps the most satisfying and heart-warming season is harvesting time. Months of labour and sweat...
Tuesday, 24 May 2022 11:41

7 financial literacy tips for farmers

Written by
Rate this item
(1 Vote)

Financial literacy is critical to farm business success. The starting point is, farmers need to create a balance on both production and business knowledge.

 

Here are 7 financial literacy tips for farmers:

 

1. Know your numbers

 

2. Have a plan and stick to it

 

3. Don't take on too much debt or leverage yourself too much

 

4. Keep an eye on your cash flow and make adjustments as needed

 

5. Have a financial safety net in case of emergencies or unexpected expenses

 

6. Build a bridge between your personal finances (savings, investments) and your farm's finances (rental property, equipment) - this will help you keep track of all incoming and outgoing funds, which will help you plan how much money you can expect each month/year

 

 

Read 321 times

Latest Magazines

 

Subscribe to our mailing list

 

 

Enhancing farm businesses in the digital era. 

 

 

 

 

8th / Selous, Harare
Tel. +263 242 790326  Cell: +263 774 121 076

Connect with us

© 2022 Agribusiness Talk. All Rights Reserved.

Search