A successful agricultural business requires more than just financial investments and entrepreneurial actions. It is necessary to have a series of structures and policies in place to ensure that the business remains balanced and sustainable in the long term. In this article, we will explore the main measures that can be taken to build a competitive and sustainable agricultural business.
Governance as a foundation
First and foremost, it is important to understand that an agricultural business is not just a family enterprise, but a society that must be competitive and sustainable. Therefore, governance is one of the most important foundations for building a successful agricultural business. It is necessary to support the business through the family, providing information and consultation, as well as sharing profits based on results.
In addition, it is important to have a balanced board that can audit and verify the executive policies adopted. This board must respect the business's ambition and risk appetite limits, constantly monitoring its boundaries. This will ensure that the business grows sustainably, maintains solvency, and generates good returns.
Goals and metrics
The business side requires that goals and metrics be clearly defined and that performance be constantly evaluated. It is necessary to evaluate how the business contributed to growth and what needs to be developed. Functions and roles must be clearly defined and separated to ensure effective management.
Business administration must be on top of planning, and performance must be measured and monitored constantly. After all, what is measured can be managed and improved. This series of weights and counterweights is essential to ensure the competitiveness of the agricultural business.
Conclusion
In summary, a competitive and sustainable agricultural business requires efficient governance, with support and information from the family, a balanced board, and clear and well-defined goals and metrics. Business management must be on top of planning, and performance must be constantly measured and monitored. By adopting these measures, an agricultural business can become a successful and sustainable enterprise in the long term.