Tools for Profit

Income choices

Farming operations are somewhat unique in that they are typically businesses where family members serve as both the employees of the business (labor and management) and the owners. FULL STORY »

6 ways to monitor your financial position

Low milk prices, high feed cost and high general input cost pose a triple threat to your operation in 2009. FULL STORY »

Bad isn’t necessarily bad

Chris and I once attended a beef cattle marketing symposium which forever changed my view on negative markets, bad situations and downright nasty-looking problems. FULL STORY »

Can you afford interest rate fluctuations?

Get ready for challenges this year. FULL STORY »

Decisions 2000

From the title, you may think that I am going to discuss presidential politics. However, rather than talk about Bush or Gore, I want to get you thinking about decisions that will affect your farm’s profitability — and perhaps even survival — this year. FULL STORY »

Sibling succession also needs a voice

An evaluation of the business arrangement between two brothers last year illustrates a not-uncommon problem on family farms. FULL STORY »

One lender or more?

Decades ago, I was a loan officer for an agricultural lending institution. One of the practices of this lender was to strongly encourage (require) borrowers not to split their lines of credit across multiple lenders. FULL STORY »

Learn how to manage change profiles

Last month, we discussed developing a transition plan to manage change —Step 1 of the process. Step 2 is learning how to identify and manage the change profiles of the people involved. FULL STORY »

Add family partners with care

Family ag operations face a common problem: When should you add a family member to the operation? FULL STORY »

Year-end strategies you can use

It’s been another great year for the dairy industry and profits are up. It’s also the end of the calendar year and producers need to do some planning. FULL STORY »

Resolve conflicts in business

Conflict in business is inevitable. And, often the best advice is to make sure that you treat business as business in order to prevent problems from accelerating into conflicts. FULL STORY »

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644K Hybrid Wheel Loader

The 229 hp 644K Hybrid Wheel Loader from John Deere utilizes two sources of energy: diesel and electric. The machine’s ... Read More

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