How to Business

Nominating a person as a beneficiary on a RA is not a guarantee the person will receive the full benefit intended for them. Careful consideration needs to be given to this as part of a holistic financial plan and in dividing assets between one’s heirs.

Output terms relate to the value of production or yield (such as fodder) of a specific farming enterprise sold or used on the farm. In some cases, this may include sundry farm income.

The unbridled misuse of natural resources guarantees a future of environmental and socio-economic crises.

According to Dr Dirk Strydom, Grain SA’s manager for grain economy and marketing, South Africa’s producers are technologically advanced, but lack marketing prowess. However, marketing opportunities abound, particularly in the volatile free market system.

Keeping up to date with legislation on trusts, capital gains tax and wills is important to avoid legal tangles. Elbe Thatcher, fiduciary specialist at Old Mutual Wealth, tells Gerhard Uys how to comply with the latest requirements in order to safeguard wealth.

Employers must take great care to deal with workplace misconduct according to the set procedures.

The objectives outlined in your business plan must be realistic and achievable, with the strengths and weaknesses properly identified and analysed.

A business plan will help you access funding and serve as a working document to guide your managerial decisions. But, before you write up that plan, do your research properly!

You wouldn’t drive a car without a steering wheel. So why run a farm without a business plan?

Few employers can afford to employ staff members who are unable to perform their duties to their full capacity.

This unit of measurement is invaluable for both crop farmers and livestock producers.

Security advisor Henk Boshoff says that farmers should avoid becoming soft targets for potential farm attackers. He spoke to Gerhard Uys about making a farm and its surrounding communities safer.