Farm Business - General
“If I were picking both from a financial and an emotional perspective, the next place I could put a dollar, I still would favor farmland pretty highly,” Bruce Sherrick says.
In early 2022, a possible trucker shortage grabbed headlines, but John Phipps says even today, there isn’t much hard data to substantiate that alarm.
When business is no longer usual, it’s a great time to reassess your strategic focus. Is your farm still marching toward its goals?
Childcare presents a unique challenge for producers looking to balance farm and family. Is there a way to allow children to free-range without compromising safety, mental health and productivity?
For 2024, USDA projects that food price inflation will be lower than that seen in 2023 and significantly lower than the rise seen in 2022.
Instead of writing down these big audacious goals, Jon Acuff, an entrepreneur, speaker and best-selling author, has better advice: Set micro goals.
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.