Farm Business - General
Could agriculture face a Southwest-type meltdown?
Here’s what farmers should consider with this sometimes complex question.
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.
Create a process to brainstorm, prioritize and implement ideas for your operation.
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.
We all know one of the most dangerous phrases in business is: We’ve always done it this way.
Little steps can ease frustration and improve communication on your farm.
Life lessons for everyone in our great industry.
The food system is being reimagined today and farmers can benefit by thinking about how to improve their ability to take advantage of opportunities in the process, says Rob Dongoski with Ernst and Young.
National enrollment in ag and related science majors at two-year institutions grew 41% in Fall 2021. The Community College Ag Advancement Act aims to give these students more industry opportunities.
There are three areas producers need to focus on to earn the title of “good farm manager,” according to Purdue University researchers.
Have you ever wondered why some topics, people, or plans resist change?
A few dairies have pushed pause on building projects due to interest rates and market uncertainties. Others are stuck in limbo not knowing whether to move forward or wait it out.
More than 50% of farmers intend to grow their operation, based on responses in Purdue’s February 2023 Ag Economy Barometer. If you’re thinking about scaling your farm, it’s important to first ask these questions.
Michael Swanson says we’ve likely seen the peak for food inflation last summer. What drove the 14% food inflation since the COVID pandemic has been four factors: transportation, labor, shipping and packaging.
The “Wood Milk” ad— funded through MilkPEP —goal is to make people pause and question what they are consuming and the nutritional value of their choices.
Phil Plourd, president of Ever.Ag Insights, says that from a producer perspective, risk management decisions have gotten tougher in the past few months. Penn State offers tips to be considered when using milk futures:
On Jan. 1, 2023, the percentage immediately deductible through bonus depreciation (a provision in the Tax Cuts and Jobs Act) went from 100% to 80%. It will continue dropping by 20% each year until it reaches zero.
Christine Bender has found ways to motivate and engage her employees through monthly meetings, and the results speak for themselves.
Dr. Marci Rossell told the DFA Annual Meeting audience that when you take a historical review, you can better understand that today’s circumstances are quite different than the 80s or even 2008-2009.
On a high-tech Georgia dairy farm leading 170 employees, you’ll find a farmer with no dairy in his DNA. Nevertheless, Pete Gelber is a dairy farmer who offers a unique perspective on succession planning.
Milk prices have declined substantially within the last few months. Will this be the trend for the rest of 2023?
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.
A proactive plan allows you to be ready to sell when opportunities arise as well as leave the upside open for greater profitability.
Meetings are an inevitable element of business, but they can be a boon or a bore, depending on how they are run.
If you’re short on employees, you’re not alone. New forces are at work, and I don’t see them changing any time soon.
As a 21st century farm manager, you’ve invested in high-tech tractors, more efficient irrigation systems and automated milking parlors. But what about your farm office?
Small innovations, or “minivations,” are what make each dairy unique and serve as a competitive advantage.
On-farm processing has gained a lot of traction over recent years to help farms meet their economic and business goals. However, a dairy processing center is not a simple addition to the farming operation.