At a core level, young farmers need to master four key skills to become successful farm business managers.
1) Equity development: The transfer of equity from one farming generation to the next is a critical component in ensuring the success of farms into the future. NBYFF strives to explore and communicate about private and public funding opportunities that can provide much needed support for establishing young farmers.
2) Communication: Successful farm families and businesses are built on effective communications. NBYFF supports opportunities that encourage farm business meetings and the application of communication tools.
3) Business planning: Long-term, strategic business planning, including tracking and managing numbers, is essential for farm management success. NBYFF supportsmactivities that enable young farmers to measure and manage the progress of their farm businesses.
4) Technology integration and data management: Information is power. Young farmers can improve farm productivity and profitability using intensive data collection and management systems that track details on individual farm enterprises, livestock and crop production. NBYFF provides opportunities for young farmers to consistently upgrade their working knowledge of information technologies, and adopt management practices that optimize their use.