Tools for Profit

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 »

Evaluate debt wisely

It's apparent that the pork industry has focused more on the business side of management than the dairy industry. Terms like "competitive position" indicate that for pork producers to be profitable in the next century, they must continually improve and reinvest in the business. Shouldn't the same management goals apply to dairy as well? FULL STORY »

Consider these retirement options

Whether you currently own a dairy or work on one, choosing the right retirement plan to establish or participate in can be a difficult decision. With so many farmers working well beyond the age of 65, planning for retirement needs to be a priority at a younger age, although it is never too late to start. FULL STORY »

Begin thinking marginally

With milk prices significantly lower this year, dairy producers must do everything in their power to generate enough cash flow from the dairy to stay current on loans and pay bills. Cash flow is truly the “life blood” of all businesses. FULL STORY »

Installment contracts ease tax burden

If you are near retirement age and plan to sell your assets, you may be faced with an unexpected tax problem. Often times, the sale of property increases a producer’s income for that year and pushes him into a higher tax bracket and, therefore, makes him subject to higher capital gains taxes. FULL STORY »

Where will you be in 2003?

The government's involvement in agriculture has been difficult to read lately. FULL STORY »

Develop an exit strategy

Many farms must deal with the challenges of cash-flow constraints imposed by low-milk prices, increases in the cost of production and a lack of interest in the business from their children.

Every producer should learn to manage price risk

Each year, I see the level of sophistication within the dairy industry increase as producers learn to take advantage of new resources to help them manage their businesses. FULL STORY »

Time for a reality check

Finally, after the toughest time we have seen in this industry, the pendulum has started to swing. And many in the industry are starting to wear smiles again due to higher milk prices. FULL STORY »

Focus on family during stressful times

Whenever I speak to a farm audience, I remind everyone that farms can be replaced. FULL STORY »

The power of 10

I found the book “10-10-10” when looking for employee-motivational materials. Conceived and written by Suzy Welch, this concept provides a framework in which nearly all decisions can be structured. FULL STORY »

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Massey Ferguson 5600 Series

Our most advanced multi-tasking mid-range ever. Perfect for livestock, dairy, hay, and general all-around farm work, these exceptional loader tractors ... Read More

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