Hello friends of the Agricultural Mindset Community. I fell so good to be here to share my thoughts on what has bothered me for a long time as someone who has been fully involved in agriculture for many years now. To say it accurately, I have been an agriculturist as far back as when I was a young child when I used to follow my parents to the plots of land they cultivated for each year.
My experience in agricultural field became broaden when my dad started his poultry farming in 2017, a business which later became a family business that has made it through many harsh seasons
I have also been an entrepreneur who had also ventured into another business. Regardless of the kind of business, whether agribusiness or other forms of business outside the agricultural sector, there are things that every business share in common – profit making and loss, for example.
While I cannot deny the fact that every business encounters loss(es), it seems to me, from my observation, that loss or losses in agribusiness seem to be harsher than the kind of loss that people in other business have. You may not understand it at this point, but stay with me as I delve into this matter.
I will advise everyone in agribusiness, especially those who do not have any other source of money to draw their financial strength from when loss hit them, to avoid self-inflicted loss in their agribusinesses as much as they can. Let it only be that the loss that happens to them is natural, a kind that is unavoidable and not the one they themselves are responsible for. I am saying this because for the number of years that I have been an agricultural entrepreneur, I have observe that it is more risky to have losses in agribusiness than in any other kind of business.
Loss in many agribusiness, like poultry farming for example, can make you lose all of your business fortune including your capital in just a single loss. I have many personal experiences to validate this. There was a time my dad lost so much so much in his poultry farming business that affected his business so much to the extent that it required a huge financial resources for him to get back to his feet. In one of the batches of chickens he raised about three years ago, the vet disease that hit his poultry farm claimed the lives of about 324 chickens in a farm that had the total number of 600 chickens.
It would not have been that bad. The mortality rate only grew to that number because my father did not know so much in the business as at that time and he could not take the appropriate measure to stop the mortality on time. I remember another time also that the mortality rate in the farm became so high that even the most qualified vet doctor that was around could not help the situation.
There was a time that I went into tomato and cucumber farming. It was all rosy at the start until when disaster set in. when I started the farming, I used to make a lot of profit when it was new and the profits were huge, but it was a heartbreaking moment for me when I lost a whole farm due to pests attack.
The point in this post is that agribusiness is not a kind of business for people who are negligent or people who do things haphazardly and are never diligent. Such people who find their ways into agribusiness will accumulate huge losses and may not even last in the business.
Posted Using InLeo Alpha