Read to learn what a SWOT analysis is and how it can help your farm succeed.
A SWOT analysis is an advantageous strategy when considering any possible changes to a farm operation. It can also be used to assess past successes and failures while creating future goals. A SWOT analysis organizes thoughts, brainstorms, evaluates and compares potential ideas to bring in additional revenue for a farming or ranching operation. It has the unique ability to show gaps within a business model and highlight possible solutions to existing problems.