Tools for Profit

Is my crystal ball broken?

I have spent the past 27 years in the dairy industry as a veterinarian and a dairy producer. At one time, I felt I had a commanding understanding of how a dairy farm should be operated. FULL STORY »

Make a difference to the one

A woman was walking along a long stretch of beach after high tide. It was littered with starfish and tiny sea creatures left stranded by the ebbing water. Every few feet the woman bent over, picked up one of the doomed starfish, admired its uniqueness, and then gave it a good fling back into the surging waters. A man approached and asked what she was doing. FULL STORY »

Evaluate your financial health

When was the last time you assessed your financial health? Unless you ask the right questions and track results, you are merely guessing at how your business performs. In today’s volatile marketplace, you have to do better. FULL STORY »

The green machine

Lately, everywhere you turn the “green machine” is roaring its engine and affecting nearly every aspect of our business. FULL STORY »

Get off the farm

If you want to stay on the farm, you have to get off of the farm. FULL STORY »

Good records do matter

While some people contend that past performance doesn’t really matter, I wouldn’t want to chart a course for my business without that knowledge. And you shouldn’t either. FULL STORY »

Understanding risk vs. return

One of the key concepts that i try to teach in the classroom and at extension meetings is the trade-off between risk and return that exists in capital markets. The trade-off is based on three assumptions. FULL STORY »

A new player in town

There’s a new player driving up the cost of corn. And from the looks of it, Mr. Energy is here to stay. FULL STORY »

Share financial information in a family business

As family businesses, most of you probably know that regular family meetings and good communication are key to your success. FULL STORY »

Building a new dairy without opposition

Mary Kraft dairies with her husband, Chris, near Fort Morgan, Colo. FULL STORY »

Look beyond net farm income

As an undergraduate majoring in accounting, I took a few agricultural economics courses because I had been advised that the ag econ department taught “common sense” economics as opposed to the theoretical brand taught by the economics department. FULL STORY »

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348 Square Baler

A faster plungerhead (93 strokes per minute) and a heavy-duty bale case with adjustable side doors makes this the ideal ... Read More

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