As the old saying goes, “the only constant in life is change.”
That message is applicable to nearly everyone, but for the purpose of this article, I want to apply it to what we are seeing with Hutterite colonies.
While the backbone of nearly every colony continues to be agriculture, we have seen many colonies diversifying outside of agriculture and into various types of manufacturing and metal work businesses.
For some colonies, these businesses have existed for decades, and they are now looking to scale them. But for others, these businesses are brand new to them.
While we’ve seen some new ventures take off and flourish within the first few years of inception, others tend to sputter for a period of time before either taking off or having to pivot in a different direction.
With “change” comes new opportunities and challenges that go beyond weather and price risks.
Because of this, we are excited to announce that our Hutterite Banking Institute Class III will have a business and manufacturing focus!
We will cover topics such as manufacturing efficiencies, inventory management, sales and marketing, cash conversion cycles, and many others.
If you’re interested in learning more about business and manufacturing, give me a call at (605) 940-6517 or reach out to your Ag Banker directly. We’d be happy to provide more information about the program or get you signed up!
