Introduction Competitive advantage can result from product differentiation or from being a low-cost producer. A low-cost producer, as the term implies, strives to have below average per unit costs while receiving at least average product prices. A farm pursuing product differentiation, on the other hand, strives to obtain above average unit product prices while maintaining…Read more about Evaluating a Farm’s Competitive Position[Read More]
Planning
Farms and agribusinesses are not immune to a variety of shocks and business disruptions that can occur. In fact, it could be argued that farms and agribusinesses are more vulnerable than many other small businesses. If you and or your spouse were to develop a life-threatening illness tomorrow, would your farm business be at risk…Read more about Adapting and Planning for Farm Businesses in Uncertain Times[Read More]