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What will the farm of the future require?

Leaders can work to develop the right skills now.

Darren Frye, CEO

December 21, 2020

3 Min Read

In most types of business, it can be helpful to think about what’s coming up in the future – things like upcoming trends, technology and other areas that can or might impact that industry. Most farm leaders probably think about and sometimes imagine or try to guess what’s going to be coming along next for farming.

We can think about the general direction that most farm businesses have gone in over the past twenty years or so. Overall, most of those same trends are probably going to continue or even intensify. There can also be new things that may come in to “disrupt” the agriculture industry – which are more difficult to predict.

Skill builders

Here’s another thing to think about: Because it’s impossible to predict exactly what new things will impact farming the most in the future, it might actually be more helpful and practical to consider the types of skills and expertise that will be required of the farm’s leader to best respond to those changes.

Since the farm leader is the one steering the ship, so to speak, much of the farm’s ability to navigate new territory and trends that come along are in accordance with the level of skill the leader brings to the table. As a leader, you can first assess where you’re at in terms of these skills and then choose to intentionally further develop the skills that will make the biggest difference for your unique operation as it moves into the future.

Future focus

Here are a few of the skill areas I believe will make the biggest difference for farm leaders in the future.

  1. People management skills. As farms grow and expand – whether through more acres, side businesses or other ventures – more and more of the farm leader’s job involves working through other people. More work to do means a greater number of people involved in the operation. This requires working on a whole different area of leadership skills, which some farm leaders may not have previously had a great deal of experience in. Working with people to “get stuff done” is usually a pretty complex job – since human beings are unique and complex. Building people management skills will serve the farm leader well both now and especially in the future as farms continue to grow.

  2. Communication skills. When farmers move into a leadership position in the operation, the need for top-notch communication skills also becomes more crucial. Working to improve communication skills helps across every area of the business – anytime you’re working with other people to get things done, you’re using those skills – including with your family members. There are multiple ways to work on your skills in this area. Start by first working to understand your own communication style. Then, you can work to better adapt your style to others for more success.

  3. Financial and marketing skills. More complexity within the farm business requires the leader to sharpen and hone excellent financial management and marketing skills. Farm lenders want to work with savvy farm leaders. They need you to be “speaking their language,” ready to explain your plans in the terms they know and use. To be competitive, all farm leaders need to assess their current level of understanding of both financial terms and marketing tools. Consider getting in touch with our market advisors or viewing a free trial of our marketing solutions as part of your game plan this winter.

The opinions of the author are not necessarily those of Farm Futures or Farm Progress. 

About the Author(s)

Darren Frye

CEO, Water Street Solutions

Darren Frye grew up on an innovative, integrated Illinois farm. He began trading commodities in 1982 and started his first business in 1987, specializing in fertilizer distribution and crop consulting. In 1994 he started a consulting business, Water Street Solutions to help Midwest farmers become more successful through financial analysis, crop insurance, marketing consulting and legacy planning. The mission of Finance First is to get you to look at spreadsheets and see opportunity, to see your business for what it can be, and to help you build your agricultural legacy.

Visit Water Street Solutions

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