Tools for Profit

Bank financing that promotes growth

In recent years, an explosion of growth has occurred in the dairy industry, with many operations milking 500 or more cows. However, much of this growth has been confined to certain regions of the country. FULL STORY »

Being in business with family members

Mothers and fathers have a hard time when it comes to managing both the business and the family. Sometimes, decisions must be made that help the business, but may affect individual family members. FULL STORY »

Beware of phantom dollars

Too often, programs and protocols are promoted based on a perceived level of response or financial return. For example, you have probably heard that every day a lactation extends beyond 365 days carries a cost of $1 per day, with every day past 395 days costing $2. FULL STORY »

Don't let drugs and alcohol undermine your workforce

In the dairy industry, employee management efforts tend to focus on procedures, work ethic, and training. FULL STORY »

How to set SMART goals

FULL STORY »

Transition — the key to managing change

Each day, you have the opportunity to succeed or fail based on how you manage change. It’s not change, per se, that limits your future success. Rather, it's the inability to manage change. That’s why you must have a solid transition plan in place. FULL STORY »

Plan now for 2006

You need to do some planning now. FULL STORY »

Weathering tough times

This is a difficult time for dairy producers. They continue to face environmental challenges, rising operating cost, and low milk prices. FULL STORY »

Give your business succession plan a checkup

What is the status of your business succession plan? Have you revisited it since it was originally written? If not, chances are it needs to be updated. FULL STORY »

Accounting software isn’t enough

A county agent recently asked if I could recommend a good computerized recordkeeping system for a dairy producer to use. FULL STORY »

Avoid these mistakes in estate planning

I spend a lot of time working with business succession and estate planning in agriculture. FULL STORY »

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RX7320

When moving hay to feed dairy cows, farmers are seeking a versatile tractor. KITOI’s new Tier 4 RX series tractors ... Read More

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