Rich Redmond has created a no-nonsense system to supercharge your personal and professional life, whether you are a farmer or the drummer for Jason Aldean.
While the fall of Silicon Valley Bank and Signature Bank is unique, the situation does provide lessons for farmer's financial management and risk management.
Winter is not the high precipitation time frame for many portions of farm country. One spring storm system can deliver the same amount of soil moisture as all the snowfall during the winter.
Total land in farms decreased 1.9 million acres to 893,400,000 acres in 2022 versus 2021. Here is other noteworthy farmland data, courtesy of USDA’s Farms and Land in Farms 2022 Summary.
What is the state of the U.S. economy? How will these macro factors impact the agricultural economy? John Deere's Kanlaya Barr provides a guide to a few risks you should monitor in the next year.
Consumer preferences can totter between fads and trends. For farmers to capitalize on consumer demands, they must be able to sort out which market opportunities to pursue, says Rob Dongoski with Ernst & Young.
Managers tend to focus on two groups: the overachievers and the underachievers. As a result, he says, you neglect the employees who could become high performers — aka the B players.
The poet Ovid said, “Dripping water hollows out stone, not through force but through persistence.” This quote perfectly encompasses a key in business success: small habits done repeatedly truly do add up.
You wear many hats throughout the year. What happens if you or one of the key decision makers is away from the farm for a few weeks or months? Will everyone know exactly what to do when?
Profitable farmers create financial habits that separate them from others. These habits, consistently applied through the years, add up, and the results are evident.
As of Oct. 25, nearly 63% of the U.S. is experiencing drought conditions. That’s more than a 3% increase from just last week and the highest it's been since 2012.
For a fifth straight month, the rural economy has posted signs of trouble. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
During the 2023 Top Producer Summit, Top Producer will recognize remarkable farmers who have taken risks, built thriving businesses and given back to their communities.
For 2022, USDA reports the value of the nation’s cropland is $5,050. That’s up $630, or 14%, from 2021. This year’s figure marks back-to-back record highs in cropland values.
How can you reward team members for good work, increase employee retention and achieve your operation’s goals? Consider implementing an incentive pay system to reward your farm employees.
Succession planning is difficult and time-consuming, but it is also a key step for a business that can grow into the future. Regardless of where you are in the process, you can always take another step.
“If you do not run your day, your day will run you,” says Mary Kelly, CEO of Productive Leaders. “Having control of your time allows you to plan for the success you want.”
The small village of Cooperstown is arguably the most important place to travel for fans of one sport. How did it become such a draw? It all goes back to one man’s cow pasture...
As the leader of a business, you have two choices. As trends and economics change, you can adapt and capitalize on the opportunities, or you can stay the course and watch your business decline.
For 17 straight months, the rural economy has posted healthy and consistent growth. That’s according to the March Rural Mainstreet Index (RMI) from Creighton University.
You are likely making plans for seasonal help. If that team includes children or grandchildren, you might want to consider setting up a custodial Roth Individual Retirement Accounts (IRAs) for them.
“Nearly every working manager is more competent and comfortable doing tasks,” says Bob Milligan with Dairy Strategies. “That makes it easy to avoid the people side. It is rational but not effective.”
Congratulations to Todd, Louise and the Malecha family for being named the 2022 Top Producer of the Year. Pay a virtual visit to their dairy farm in Villard, Minn., to learn how they stay focused on goals and values.