Tools for Profit
4 steps to informed purchasing
Purchasing decisions can be a mine-field to the uninformed.
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Learn to listen critically
In my previous life as a consulting veterinarian, I was generally the one who did most of the talking while my clients (hopefully) were listening.
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Is your lender a trusted adviser?
I continually ask myself if i am doing everything I can for my clients. Am I meeting their expectations? Could I do more to help them meet the daily challenges they face?
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Divorce and the family farm
Years ago, couples married, raised a family, and passed the farm from one generation to the next.
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Characteristics of successful dairy businessmen
I’m often asked what are some of the characteristics I see in successful dairy operations.
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How to put call options to work
For some time now, dairy producers have had the opportunity to shield themselves from price risk by entering into forward-price contracts with dairy plants. These arrangements do not require producers to post margin money or pay premiums, and they give producers a guaranteed price for milk to be delivered in the future.
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Have you developed a business succession plan?
As the owner of a privately held farm, you are undoubtedly involved in every facet of the operation.
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Avoid the alternate-generation phenomena
Have you ever really looked at a successful family dairy operation in your area? If so, you probably have noticed something that I call the “alternate-generation phenomena.”
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Make your financing work for you
During periods of low milk prices, many farms are forced to try and survive on credit cards and vendor credit. But, it doesn’t have to be that way.
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Make the Tax Relief Act of 2001 work for you
By now, you've probably heard about the Tax Relief Act of 2001. Yes, the scope of the new legislation is enormous.
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What to do during the good times
When good times arrive -- high milk prices with low feed prices -- sometimes it's easy to get distracted. After all, things are going well, so why sweat the details.
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- Ag markets diverge just before the long holiday weekend
- Study suggests dairy herd water quality linked to milk production
- Wis. lawmakers question challenges to large wells
- Traders evening up positions ahead of the weekend Friday
- Bio-Vet and Keller break ground on new facility
- NOAA: Get ready for a busy hurricane season
- Seven jobs more dangerous than farming
- White House urges Senate to cut crop insurance in farm bill
- Class III futures close out quietly last week
- 4 rules for growing a business or industry
- Drop in U.S. underground water levels has accelerated
- Ongoing wave of Calif. metal theft prompts further legislation
