#14 Time vs. Money and Opportunity Cost on the Farm

In this episode, I wanted to share the importance of making sure you put a value on your time because like the saying, “time is money.” This might be a difficult perspective to view as a farmer or a business owner, but if you think of it as, “how much would I have to pay someone else to do this task?” then it is clearer to see the value of your time doing that task. Then you have to think about, “am I using my time in a way that is cost-effective to my operation?” All of these questions are important to keeping your farm or business on track as well as making sure your time is being spent doing things or investing in things that align with your goals and values.