Farm Gauge
Farm Gauge

Strategy

Strategy

There are 6 questions in this section and it should take around 4 minutes to complete. 

Start Questions

Vision and Goals

1.

1. Do you have a vision and goals for the future for yourself, your family, and your farm?

Business plan

2.

2. Have you written a business plan?

Aligned business partners

3.

3. Business partners are all on the same page, aligned and understand the strategy and business direction?

Risk management

4.

4. Do you have plans in place to manage key risks in your business?

e.g. payout, interest rates, climate, compliance, serious injury or death, loss of key person in farm team (resignations, injury, death)

Knowledge and skills

5.

5. Do you and your team have the knowledge and skills to get the results you want/need in managing strategy?

Succession plans

6.

6. Do you have a plan for the long term ownership and management of the farm business?