NEWS
Klinefelter: By the Numbers
Danny Klinefelter DTN Farm Business Advisor
Tue Dec 15, 2015 07:04 AM CST

Volatile returns and narrow margins don't leave farm operators the luxury to mismanage their businesses now. With prodding from Virginia Tech economist Dave Kohl, I'm sharing the 21 habits and financial practices that -- left unchecked -- become the downfall of many farm businesses. In this final installment I'm tackling the remaining ways lax practices can lead to business failure.

11. Not having detailed job descriptions or standard operating procedures. It is very hard to hold people accountable for things that aren't written down or explained to them. Lacking job descriptions and SOPs also leads to inconsistency in performance and ...

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