Episode 69
E69 | Diversification vs. Specialization. Where Is True Profitability?
June 3, 202527m 21s
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Show Notes
Episode Summary
Diversification vs. Specialization.Which makes sense for your operation?This week I dive into the pros and cons of both.Cash flow in ag can be tight but knowing which option is best for operation comes down to knowing where the true profitability lies within your operation.Tune in for some actionable steps to get your operation moving in the right direction.
Actionable Takeaways:
- Use tools like an enterprise analysis to break down profitability by crop or livestock sector.
- Consider multiple sets of books or accounts to clarify income and expenses.
- You can't manage what you don't measure. Know your numbers.
- Personal enjoyment doesn't always align with profitability—own your decisions.
- Whether you diversify or specialize, do it intentionally and with clarity.
Resources & Links:
- To learn how you can use tools like an enterprise analysis to break down the profitability in your operation, check out my free training here!
Connect with Garrett:
- Follow on Instagram - @garrettruskamp
- Follow on Facebook - Garrett Ruskamp
- Follow on TikTok - @garrettruskamp
- Learn more about Pioneer Farmer here!
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