I will say the biggest thing I have found is marketing and knowing your true cost of everything. You have to have a good yield or you will not prosper period. After that it is watching your cost and doing a better job marketing. Many farmers, and other small business men, make their decisions on "feelings/emotions". So they miss selling opportunities "waiting" on unrealistic price expectations and buy/rent things based on unreal income or price predictions.
When I was selling equipment through the dealership I got to see a lot of real numbers from farmers of all sizes. The biggest difference I saw between the profitable and losing farms was production plus marketing. You will never make money without good production, at a reasonable price, and then sell it at the best price you can.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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