Five Things an Agricultural Producer Can Do to Improve Business Profitability

The business of producing agricultural commodities is undergoing considerable change. Long gone are the days when an agricultural producer could afford to ignore what goes on outside the local area and still expect to make a profit. In today's world characterized by the increasing globalizatio...

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Main Author: Edward Evans
Format: Article
Language:English
Published: The University of Florida George A. Smathers Libraries 2005-09-01
Series:EDIS
Subjects:
Online Access:https://journals.flvc.org/edis/article/view/115056
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author Edward Evans
author_facet Edward Evans
author_sort Edward Evans
collection DOAJ
description The business of producing agricultural commodities is undergoing considerable change. Long gone are the days when an agricultural producer could afford to ignore what goes on outside the local area and still expect to make a profit. In today's world characterized by the increasing globalization of competition, producers must be cognizant of the world around them and must make informed decisions from an increasing volume of information. Improved financial management has become the single most important factor for success in a globally competitive market. This article summarizes five things that producers can do to improve the profitability of their agricultural businesses. This is EDIS document FE569, a publication of the Department of Food and Resource Economics, Florida Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, FL. Published August 2005. 
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spelling doaj.art-06c3744a89b64675b0b2129a4cf56fea2024-04-23T05:06:38ZengThe University of Florida George A. Smathers LibrariesEDIS2576-00092005-09-01200510Five Things an Agricultural Producer Can Do to Improve Business ProfitabilityEdward Evans0University of Florida The business of producing agricultural commodities is undergoing considerable change. Long gone are the days when an agricultural producer could afford to ignore what goes on outside the local area and still expect to make a profit. In today's world characterized by the increasing globalization of competition, producers must be cognizant of the world around them and must make informed decisions from an increasing volume of information. Improved financial management has become the single most important factor for success in a globally competitive market. This article summarizes five things that producers can do to improve the profitability of their agricultural businesses. This is EDIS document FE569, a publication of the Department of Food and Resource Economics, Florida Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, FL. Published August 2005.  https://journals.flvc.org/edis/article/view/115056FE569
spellingShingle Edward Evans
Five Things an Agricultural Producer Can Do to Improve Business Profitability
EDIS
FE569
title Five Things an Agricultural Producer Can Do to Improve Business Profitability
title_full Five Things an Agricultural Producer Can Do to Improve Business Profitability
title_fullStr Five Things an Agricultural Producer Can Do to Improve Business Profitability
title_full_unstemmed Five Things an Agricultural Producer Can Do to Improve Business Profitability
title_short Five Things an Agricultural Producer Can Do to Improve Business Profitability
title_sort five things an agricultural producer can do to improve business profitability
topic FE569
url https://journals.flvc.org/edis/article/view/115056
work_keys_str_mv AT edwardevans fivethingsanagriculturalproducercandotoimprovebusinessprofitability