Finance

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NIFA grants to fund beginning producers (
USDA's National Institute of Food and Agriculture (NIFA) announced the availability of more than $18 million in grants to help train, educate and enhance the sustainability of the next generation of farmers

Beef industry on the mend in 2010  
The cattle industry should be on the mend in 2010, says Purdue University Extension economist Chris Hurt.

ISU offers financial info for livestock producers 
At a time when livestock producers continue to grapple with the tough economy, Iowa State University Extension wants to make it easier for producers to find educational resources they need.

Keys to economic survival 
Tough financial times have hit communities across the United States and beyond, but the problems are not just urban and suburban. Many farm families have been hit hard by economic forces, many of which were beyond their control.

Investing for farm families course 
A new online course sponsored by eXtension, an educational partnership of more than 70 land-grant universities, helps farmers plan for a secure future.

Plan ahead for tax season 
While many farmers are still trying to finish up with harvest, now also is the time to start thinking about year-end tax planning, says the Nebraska Farm Business Association director.

Managing financial stress 
The “Perfect Storm” of high feed prices, increased input costs and low product demand has created the worst financial situation of a lifetime for many livestock producers.

Working with your ag lender 
With credit markets tight and most agricultural enterprises less profitable than in recent years, farmers and ranchers face still challenges in securing financing. But all is not lost.

New calculator helps sort out feed costs 
Feed typically accounts for the largest input cost in beef production, but a new the University of Illinois now offers an on-line calculator to help producers compare feedstuffs and make economical choices.

Help with farm financial management 
The Center for Farm Financial Management at the University of Minnesota has created a new online workshop series to help ag producers understand and use common financial statements and measures.

NCBA supports Estate Tax Relief Act 
The National Cattlemen’s Beef Association urges Congress to pass legislation providing additional relief and permanency in the tax code for America’s farmers, ranchers and other small business owners.

Protect your operation from radical activists 
The Animal Agriculture Alliance has a long track record of promoting the implementation of science-based animal care guidelines and proper employee training on animal care and handling on farms and in processing facilities

Carbon credits for farmland
If agricultural producers are allowed to participate in a national cap-and-trade system to curb greenhouse gas emissions, the opportunity to sell carbon offsets could prompt farmers to manage their land differently, according to a new USDA report.

USDA begins issuing livestock forage disaster payments 
Agriculture Secretary Tom Vilsack announced that ranchers who have signed up for the Livestock Forage Disaster Program (LFP) have begun receiving disaster payments for forage losses due to severe drought. Producers are reminded that LFP sign up for 2008 losses ends Dec. 10, 2009, and Jan. 30, 2010, for 2009 losses.

Making money in hard times
An upcoming K-State conference aims to help producers develop strategies for controlling production costs and improving profitability in today’s difficult market.

K-State schedules risk management conferences 
The Risk and Profit Conference will be held Aug. 20-21, at the K-State Alumni Center in Manhattan, Kan., and is designed to give agricultural producers and affiliated businesses a competitive edge in their operations.

Tax deferrals for weather-induced livestock sales
If you sell or exchange more livestock in a given year than you normally would because of a drought, flood, or other weather-related condition, you may be able to postpone reporting the gain from the additional animal sales until the following year.

Establishing and Using a Farm Financial Record-Keeping System
For years farmers have been reporting financial information on a variety of forms for various reasons.

Vilsack announces livestock indemnity program 
Agriculture Secretary Tom Vilsack announced that eligible ranchers and livestock producers can begin applying for benefits under the provisions of the Livestock Indemnity Program in the 2008 Farm Bill on July 13.

Surviving economic downturns
It’s no secret that times are tough for farms as well as other small businesses, but things will turn around eventually. University of Vermont Extension specialist Mary Peabody offers these tips to help your business weather the storm.

NCSU introduces online tools to grow N.C. farmers’ businesses
A new resource from North Carolina State University is designed to help farmers be more successful. The “Business Development Files,” for small- to mid-size farmers, are distributed through N.C. Cooperative Extension centers statewide.

Ranch homework for feedlot partnerships
As a cowherd operator, you can produce a quality calf. The feedlot manager knows what it takes to finish that calf on feed so it can earn carcass premiums.

Farmers cautioned about predatory lenders
The Wisconsin Department of Agriculture, Trade and Consumer Protection is cautioning producers, especially dairy farmers, that predatory loan companies are out in full force attempting to taking advantage of the current economic situation. 

Operating in the face of uncertainty 
The Western Extension Committee is hosting a series of Webinars to give producers guidance in dealing with uncertain economic times.

Economic state of the ag sector
The agricultural sector is not an economic island. However, the global financial difficulties that have caused severe heartburn for financial firms and most of the global economy have largely bypassed the agricultural sector. 

Times are challenging, but watch for opportunities
“We’ll get through this,” Randy Blach told the crowd at the 2009 CattleFax Outlook Conference, “and those who do a better job of managing their risk will get through a little better than the rest of us.”

“Buddy, can you spare a nickel for my horse?”
As Congress negotiated the terms of a $700 billion bailout for Wall Street last month, President Bush addressed the nation with a dire warning: “Our entire economy is in danger.”

Know the signs of burnout
“Employee burnout is more than a temporary situation after a difficult week,” says Dorothy Lecher, human resources director at Prema-Lean Farms.




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