Aussie farmers who are serious about making the most profit out of their farms are putting in a lot of effort to achieve such a goal. Some of them install Onga pumps in Australia to improve their irrigation and livestock so that their farm produce and livestock become healthier and more profitable.
Still, others use new technology, sensible records-keeping, and a host of other techniques to ensure that they’re maximizing their farm’s earning potential. Here are some farm upgrades that you must have to consistently rake in more dollars:
In the ever-evolving farm industry, farmers must embrace technological advances to increase yields and get better profit margins. These days, more and more farmers are trying what is called precision-agriculture, which employs farm equipment fitted with GPS that gathers valuable data.
These pieces of critical information include data on weather, crops, and soil. With such vital information, farmers can make better decisions that could optimize their farm for the utmost productivity.
Plant high-value crops
High-valuecrops are called that way because they’re constantly in high demand and are paid for handsomely. Among the specialty crops that you should consider planting are jojoba, teff, and quinoa.
Teff and quinoa are considered superfood or crops that have incredible amounts of nutritional value. These crops are highly sought-after in specialty markets, which means you can expect huge profits as there are ready buyers for such farm yields.
Invest in better farm equipment
Farm equipment can make or break your farm’s bid for commercial success. As such, you have to invest in modern equipment and farm supplies to make daily operations more efficient. You should consider buying a tractor, harvester, grain separator, farm pumps, and the like.
Keep records or make a farm database
Data/knowledge is power. And in the case of your farm, it’s the ability to use such data to tweak how you plant your crops or manage your operational costs to minimize losses and maximize profits.
You should hire someone to establish and maintain a data base of everything concerning your farm’s daily operations – from how much money you have invested in equipment and labor to how much money you actually earned from the previous month.
With such pieces of information, you can adjust certain things about your operations and hopefully find the perfect compromise to always tip the scale to favor you.
Put up a marketing team or run a marketing campaign
Gone are the days when farmers are limited to selling their products on traditional marketplaces or agricultural trade fairs. Today, you can ensure maximum reach by advertising your farm produce on Facebook or a dedicated website. Twitter, Instagram, and YouTube are other social media sites that you may use to advertise your products.
You may also do some weekend sales or run simple contests on social media. There’s no limit to what you can do with these online marketing channels.
With these farm upgrades, you should expect better profit margins month over month. Success is hard work, especially in the labor-intensive farming realm. But no pain means no gain.