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Business Description
From drought to flooding, fires to hail-stones, pests and parasites the life of farming is not the industry it once was. It’s getting tougher to make a profit and be competitive in the current market.
Profitability is a threat in every industry but looking at the statistics in farming it’s simply startling. The average farm owes over $460,000 ($1.4 million for cattlemen) and has lost money 7 out of the last 22 years. Average yields have plummeted by 80%. The costs of farming continue to rise, since 1970 fertiliser prices have skyrocketed a jaw-dropping 1,560%.
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