What can you do when costs get out of control?

Johannesburg (Photo credit: austinevan)

The Free State’s Young Farmer of the Year for 2014 shared his saddest day in his farming career:

He had to sell his 400-strong dairy herd five years ago because his declining profit margin made it impossible for him to continue.

The local agricultural publication Farmers Weekly reports that the farmer has now gone in for diversification to spread his risk through beef cattle and sheep, irrigated wheat, maize, sunflower and lucerne. Continue reading “What can you do when costs get out of control?”