Of course, there are many farm businesses which do not follow the successful path. In my experience, there are three types of poor farm businesses models:Firstly, there are the stubborn, dominant parents who do not relinquish control of the farm business until it is too late. Secondly, there are farm business owners who spend the farm overdraft as if it were a target rather than a limit! The lack of focus on a clear farm business plan is symptomatic of these type of farm businesses. Again, there is no clear farm business plan, or worse again, the agreed plan has been abandoned on whim.

Source: Irish Independent June 09, 2019 05:48 UTC