Best management practices are hot topics inside and outside of agriculture. Have you ever wondered how you stack up as an agriculture producer? This year’s group survey at TEPAP results exhibited three potential weaknesses given the current agricultural economy which is transition....More
In my road warrior travels interacting with producers and agribusiness leaders, there is much discussion concerning oil prices and other economic variables that seem to provide a surprise around every corner. A question from one producer was, “How is oil connected to up to 80% of farm and ranch expenses and potential revenue?”...More
A “kiss of death” to businesses is bringing the younger generation into the business on a manager’s salary, but with hired employee work or skill sets. This principle is accentuated in a volatile economic climate....More
Handling employee issues in a farm business, particularly a family-run farm business, is tricky. Sometimes, a meeting is a better choice than an email. But treating all employees like employees, and not family, is a must....More
The 5 ag stories to read this week brings you the latest on proposed regulations for drones. Learn about the value of lost organic matter due to erosion, and meet farmers who are using websites to get more business. Read about canceling land rent contracts, and a positive article from The New York Times featuring a no-till farmer.
Education does have an impact on employment, income, and who participates in the workforce. Moving forward, the agriculture industry will be starved for talented people who can manage increased sophistication of technology and innovation on complex businesses....More
Grant Noland encourages farmers to always add a personal touch when communicating with their landlords. “What you are doing on the farm is information they want and need, but they also want a look inside how your family operates and what makes your family tick. A little trivia can generate a buzz and attract new opportunities.”...More
A recent Reuters news article titled “Rent walkouts point to strains in U.S. farm economy,” claims that some farmers have abandoned farmland-rental commitments. "It might be better to let it go and cut your acres back, cause if you lose $100 per acre on a farm have to make up that loss from other farms,” says Kent Thiesse, vice president of MinnStar Bank, Lake Crystal, Minn....More