Whether you are a manager of an existing company or you have just been given the reigns to your family’s business, there is still plenty of time left in 2019 to make upgrades to your land. It can be difficult to know where to begin, especially if there is a lot to do, but with some simple decisions, it should not be long before some key improvements have been made. Here are some of the best upgrades you can make to your agricultural business this year.
Buy New Equipment
Obviously, one of the biggest upgrades you can make is by swapping out some of the equipment you have for new ones. New equipment includes new features which will allow you to make upgrades even easier. From a new tractor to new sensors for measuring the quality of the soil, there are many advances in technology which you could take advantage of.
Sometimes, this equipment can be extremely expensive. If you think that it is going to be a serious hit for the business’ profits, think carefully about whether or not the investment will be worth it. Remember that you can easily find many pieces of equipment second-hand. This might be more cost-effective than buying entirely new.
Upgrade Your Structures
When you gain control of an agricultural business, one of the first things you should do is complete a survey of the buildings. This is crucial as any damage will need to be addressed before the building becomes unsafe.
Even if they are perfectly safe, you might find that they are just a bit too worn and old. A refurbishment of key areas like your silage clamp or your livestock buildings might be in order. To save on time and money, something like a concrete retaining wall might be the ideal upgrade you need.
Diversify Your Produce
There are many easy ways to diversify your produce or livestock if you currently think they are a little lacking. These will, in turn, give you new products you can spend and new avenues of revenue to explore. For example, if you already have animals like sheep, why not look into getting a few llamas or alpacas to join the herd? These will fit right in with your other herd animals and will give you wool to spin or sell just like sheep do.
Diversification can also be brought to your produce. If you grow a lot of salad like tomatoes or lettuce then you should look into growing herbs. These are just as easy to take care of and there is always going to be a demand for them.
Knowing precisely where to start an upgrade can be extremely difficult. Make a list of everything that needs to be done, the ideal priority you would address them in, and the amount of funds you currently have to address them. If you cannot afford to cover everything at once, come up with a reasonable schedule that you could follow which will allow you to address them as you need. Upgrades might be easier to manage than you might believe.