1. Treating Animal Agriculture as a Lifestyle or a Hobby not a Business Most farmers treat agriculture as a hobby not realizing how much money they are losing year in, year out through this expensive hobby that can be profitable. For example, animal feed is expensive and if livestock businesses are registered as businesses, farmers could get their VAT back. 2. Starting the Livestock Business with no Business Plan Farmers make the mistake of starting livestock businesses without a business plan. It is important to know what the business looks like on paper. Livestock business operational plans, involve consultation with Animal scientists who are experts in animal production and livestock feeds and feeding. Farmers must understand the science of feeding and breeding in order to make profits in livestock business. 3. Poor or non-existing Accounting With bad numbers or no numbers you are flying blind. As a farmpreneur you need to know the cost of production and the difference b
We are a non-profit online community of visionary, dedicated and passionate farmers who have come together to encourage, share and assist one another with valuable farming information and technology regarding the best agricultural practices and trends across the world. Our primary goal is to “Promote Sustainable Agriculture” as a viable tool to food security across the world.