The very mention of terms like 'cashflow', 'financial projections' or 'farm business plans' tends to immediately turn off most farmers. The very mention of terms like 'cashflow', 'financial projections' or 'farm business plans' tends to immediately turn off most farmers. Mike Brady: Why a business plan will give your farm a better chance of flourishingThis is understandable, as many farmers like the outdoors and the practical side of agriculture, while the thought of adding up reams of figures and working out calculations can be off-putting. So, should farmers engage a professional to do the figures - or not bother and let the last hour be the hardest? Planning ahead is critical for these farmers, otherwise it's like driving at night without the lights on.
Source: Irish Independent March 12, 2019 09:00 UTC