Tools for Profit

How good are your advisers?

Last summer, I received a telephone call from the son of a deceased client. FULL STORY »

Don't forget to manage your liquidity

Each fall, I teach an agricultural finance course using a textbook, “Financial Management in Agriculture,” written by Professor Peter J. Barry and others. FULL STORY »

4 reasons why California producers continue to thrive

Once again, california dairy is on the move. Both cow numbers and milk per cow are on the rise. FULL STORY »

Is your operation prepared for a natural disaster?

As a dairy owner that endured three of the four hurricanes that affected the Southeast this year, it became apparent that as a society we take for granted many aspects of daily life. FULL STORY »

Avoid these blunders in estate planning

Here are two of the biggest estate-planning mistakes I see as I consult with families throughout the U.S. Use this information to make sure that you don’t repeat them. FULL STORY »

4 steps to help you plan for retirement

Planning to retire in the near future? Then now is a good time to evaluate your current situation and map out a plan for the future. 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 »

Get smart about production contracts

Production contracts are becoming commonplace in agriculture today. And a recent consulting project I performed demonstrates what can happen when a contract goes bad. FULL STORY »

It's time to change how we evaluate financial performance

While net income per cow and net income per hundredweight of milk produced are good measures of profitability, they don’t go far enough to truly compare the overall financial performance of an operation. FULL STORY »

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 »

How to set SMART goals


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