Everyone agrees that it takes a pretty sharp pencil to maximize profits out of a farming operation, no matter the crop. Clemson University’s Wilder Ferreira, Extension Economist and instructor is offering two two-part seminars to show farming operations how to be more profitable:
“The first one we call ‘Farm Enterprise Productivity Analysis’. This one will help farmers analyze their operations. Its one thing when you plan for the next season its another when you don’t plan and see what happens next. Usually farmers will have a hard time to collect the data ahead of time, and we, along with Clemson, offer the data of the crops and livestocks. We offer them the numbers and ask them to plug in their scenarios and ask them what if this happens, they can see the effects and find out if they will be profitable next year. It will help them to decide what to grow and what not to grow.”
The second course is more established operations says Ferreira:
“The second one is a lot more in depth because it requires the farm to have been run for a few years, not new farmers. We analyze the financials and the accounting of the farm enterprise. For example, we look at the previous five years and the decisions the grower made and which ones lead them down a wrong path. Anything that happened in the past that has to do with profitability we can find in this course, and knowing the past they can move ahead and make changes to have a better future.”
Ferreira says producers that have utilized this training in the past have had an eye-opening experience when utilizing the program:
“They were able to go back home and plug in the numbers and start to plan. They were amazed in what they could do in terms of planning. With prices going up and down and things happening around the world, they need to be more proactive, making sure they have the right numbers telling them what to grow.”
To learn more about the seminars, times, dates and location, visit our calendar
Clemson University Extension Economist Wilder Ferreira.