is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
Corn+Soybean Digest

Minute with Moe

I have had a number of our clients ask me, "What should my growth goals be and when do I reach my size limit?"

That is different for each person and the biggest deciding factor is your attitude. What if Bill Gates or Henry Ford had size limits for their companies? They might have stopped far short of where they ended up.

Bigger is not necessarily better. A number of our customers have reduced their operation’s size and improved profitability. You need to look at the numbers. One thing I have realized this winter is maximizing your revenue does not take extraordinary effort, but instead, just using the data you already have to tell you where your problems and opportunities lie.

Have someone else look at your records. Most likely they will see things you cannot.

You can e-mail Moe at mrussell@netins.net

Editors note: Moe Russell, Soybean Digest Risk Management Editor, is president of Russell Consulting Group, a farm management agency in Panora, IA.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish