http://www.carawales.co.uk Cymru Agricultural & Rural Advice Ltd Mon, 26 Sep 2011 11:13:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.carawales.co.uk/2008/03/dairy-farm-profitability/ http://www.carawales.co.uk/2008/03/dairy-farm-profitability/#comments Mon, 17 Mar 2008 10:43:54 +0000 John http://www.carawales.co.uk/?p=20 A very good article in Farmer’s Guardian regarding the WiRE conference at Harper Adams, reminded me of a few salient points that we should all bare in mind!

• For business analysis a pen, paper and calculator are all that are required
• Understanding profit is essential
• The results of your annual accounts should never be a surprise – you should have an idea what the answer will be
• Spending more than you take in is not sustainable
• Improving profit doesn’t mean necessarily working harder – it may mean selling for a better price, or spending less
• Don’t be afraid of money, or your bank statement

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