5 Mistakes That Can Destroy Your Farming Business


5 Mistakes That Can Destroy Your Farming Business

1. THE MISTAKE OF PLACING PRODUCTION BEFORE MARKETING

Many farmers still don’t know that marketing is more important than production. No doubt, production is important, but what is the use or benefits of producing without market? What’s the use of languishing in the sun for hours daily and having so little gains to show for your labour? For any business to really do well, you have to focus on market first before products. Period!

2. THE MISTAKE OF BEING ABSENT MOST OF THE TIME FROM THE FARM

I know scores of farmers who regretted going into farming because they were ripped off by dishonest workers who took advantage of the constant absence of the owners. My advice to most farmers in all my workshops and seminars is that you should forget about farming business until you can devote your time, energy and resources to it.

3. THE MISTAKE OF DEALING WITH QUACKS

Quacks will stop your farming business if you don’t stop them from coming to you. Who are quacks? They are those who are not qualified to guide you in your farming business. So many ignorant farmers still think they are saving money by using quacks but my years of experience in the farming industry have shown me that they always become losers big time!

READ ALSO: 12 reasons why you should add rabbit production to your farming business now

4. THE MISTAKE OF QUICKLY GIVING UP

There is no business without challenges. Many farmers are prone to lack of patience. They want the money quickly and so they run into unnecessary problems and give up! The real truth is that there are challenges between here and there in any venture including farming business. The only way to win and keep winning is to develop a thick skin against failures in any form.

READ ALSO: See what a microfinance bank is planning for lucky farmers in 2021

5. THE MISTAKE OF UNGUARDED SPENDING

Money is fickle. Money can fly away if not managed well. Some farmers are losing out every day because they are not watching the figures. They think everything cash is money to spend. They hardly plan for reinvesting their profits on consistent basis. This is the royal road to business extinction.

Get in Touch

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

Get in Touch

4,636FansLike
123FollowersFollow

Latest Posts

Nigerian Government Destroys 329,000 Chickens In 62 Farms Over Bird Flu

Nigerian Government Destroys 329,000 Chickens In 62 Farms Over Bird Flu The Federal Government says it has killed more than 329,556 chickens in 62 farms...

Incubation, key to preventing leg problems in turkey poults

Incubation, key to preventing leg problems in turkey poults Excessive heat and humidity during incubation can cause leg problems in turkey poults, ultimately leading to...

Livestock sector needs govt support’, Chief Executive of NIAS says

Livestock sector needs govt support’, Chief Executive of NIAS says As an agency of the Federal Government, we are working to increase agricultural productivity in...

NASC warns against sale of fake seeds to farmers

NASC warns against sale of fake seeds to farmers farming activities commence across the country. The warning was made by the Director-General, NASC, Dr Philip...

See the 5yrs Agric Roadmap by Lagos to Woo Private Sector Investments

See the 5yrs Agric Roadmap by Lagos to Woo Private Sector Investments   The Lagos State Government has called for private sector investment in its agriculture...