Creating a management strategy for farm businesses may differ from country to country, since the financial and agricultural laws may vary. Also, it heavily depends on the type of economy, since the more predominantly agricultural societies will organize its economy and investments differently than a predominantly industrial or information-based society.
However, there are some things that could be worth paying attention to regardless of the location and current state of economy.
I have attached some papers that you may like to go through, either to brush up on old schemes or to give you a new idea.
Don Hofstrand gives a nice overview of general process of strategic management for farm businesses in an article of the same name – ‘Strategic Management for Farm Businesses’, where he neatly explains factor analysis and strategy analysis.
In a document titled ‘Models of Agricultural Investment’ by Dochas, you may find different models of investments and some handy study-cases and interviews with experts.
Document titled ‘Implementation of Strategic Planning on Farm Businesses’ gives you insights from Danish projects and their long-term experiences with investments planning and formulation of strategies.
The last one, named ‘Strategy Development for the Farm Business’ by the Department of Agricultural Economics, Purdue University, discusses the strategic thinking processes required by managers to assess their business’ strengths and weaknesses, and explains external and internal business analysis models, while trying to comprehend how modern farm managers can strategically position their business for the long-term.