This same success in goal attainment can be achieved with long-range farm business goals if they are well defined and reviewed frequently. Following are some examples of goal statements. During the next 5 years we will replace the combine. Our children will all have a regular savings program by the time they are 7 years old. We will completely pay for the original 200 acres in the next 12 years.
Good communication is a prerequisite for setting goals.
After you have considered your own individual goals, it is imperative to communicate about them with the rest of your family and farm partners to insure family unity. When considering farm and family goals for successful management, it is important to keep in mind that your goals must be consistent with those of all farm partners and family members. If farm business goals and objectives strongly conflict with goals of others associated with the business, there is potential for difficulty. Open communication is the key in discussing long-term farm goals. Here is a situation that may seem familiar to all of you.