Welcome to CARA Wales, agricultural and rural consultancy and advice. We offer an individual, unbiased and efficient service to help move your business forward.

Farming as a business

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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