Road Warrior en Mid-year ag review: Profits, millennials, land values and ag lending <div class="node-body blog-body"><p>As we look back over the year thus far, agriculture continues to face various challenges in many different areas. From regulations to input costs, and generational transition to strategic business plans, producers must continue to address the important issues, not just the urgent. What will happen in the remaining months of the 2016? Well, only time will tell but as the old adage says, “Hope for the best and plan for the worst.” </p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 28 Jun 2016 16:51:00 +0000 104901 at Do NOT cash in your retirement account <div class="node-body blog-body"><p>At a recent women’s conference on agriculture, I received several questions about cashing out retirement accounts. One woman's husband suggested cashing it in in order to purchase additional land that would generate higher returns than an investment account. In short, my answer was, “No! No! No!” </p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 21 Jun 2016 15:12:00 +0000 104801 at Are U.S. farmers supported by government programs? <div class="node-body blog-body"><p>Recently, I traveled outside the borders of the United States and a major question posed by farmers and bureaucrats was whether American farmers are still dependent on government support programs. In order to answer this question, we need to look at the numbers.</p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 14 Jun 2016 18:41:00 +0000 104681 at Ag issues in Canada <div class="node-body blog-body"><p>Prices, regulations, transition and uncertainty are significant issues for any agricultural operation, regardless of its location. Only time will tell how the United States and Canada will progress through these issues; however, as part of a world that brings surprises with each turn, the global stage will certainly not be boring! </p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 07 Jun 2016 20:09:00 +0000 104581 at Crop input costs are adjusting <div class="node-body blog-body"><p>Is there any hope for reduction of crop input costs including cash rent expense? The short answer is yes. According to data, rent, fertilizer, fuel and drying costs are slowing decreasing, says David Kohl.</p></div> <p><a href="" target="_blank">read more</a></p> Corn Fertilizer Issues Soybeans Management Road Warrior Tue, 31 May 2016 20:54:00 +0000 104471 at Willingness to repay: Ag loan repayment plans <div class="node-body blog-body"><p>With more farmers incurring negative margins, the "willingness to repay" will be increasingly scrutinized, and could be a challenge. Therefore, a plan B, or perhaps plan C, may be needed to meet commitments on a timely basis. </p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 24 May 2016 21:26:00 +0000 104381 at You're not special: The value of customer service <div class="node-body blog-body"><p>Unfortunately, human interaction is often an overlooked skill. Whether it is a farmer, rancher, lender, supplier or agribusiness professional, the art of one-on-one interactions can be a competitive advantage. </p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Mon, 16 May 2016 22:27:00 +0000 104241 at 5 considerations for fixed vs. variable interest rates <div class="node-body blog-body"><p>Now that interest rates have increased, many producers want to know whether they should fix interest rates on their loans or continue on with a variable rate. Here are five considerations when making that choice for your farm loan.</p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 10 May 2016 19:44:00 +0000 104181 at Recession impact on Baby Boomer retirement from farm business <div class="node-body blog-body"><p>The best approach to a retirement decision starts personally and requires examination of several factors. A plan that is thoughtful and thorough in considering goals, health, expenses and income is a good start in the right direction. </p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 03 May 2016 19:49:00 +0000 104091 at Rain slows planting progress <div class="node-body blog-body"><p>Frequent rainfall events during the last 10 days of April, along with saturated soils, has halted corn and soybean planting in many areas of the Upper Midwest. Some portions of the region have a significant amount of corn planted, while other areas have barely started.</p></div> <p><a href="" target="_blank">read more</a></p> Corn Soybeans corn planting soybean planting Road Warrior Mon, 02 May 2016 20:45:00 +0000 104081 at Farmers must manage variable and fixed costs in 2016 <div class="node-body blog-body"><p>Yes, costs do lag prices in decline, but they are resetting. In the meantime, producers must cover variable and fixed expenses in order to continue daily operations and management. </p></div> <p><a href="" target="_blank">read more</a></p> Corn Issues Soybeans Management Road Warrior Tue, 26 Apr 2016 22:08:00 +0000 103991 at Q+A with David Kohl: Lending, farm transition, ROI, land prices <div class="node-body blog-body"><p>Road Warrior David Kohl answers your questions about the lending landscape, farm transition, land values and return on investment, offering this advice: Even with suppressed prices and volatile markets, experience mixed with a good manager can help an agricultural business successfully compete in today’s economic environment. </p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 19 Apr 2016 20:05:00 +0000 103921 at What I learned from 4-H and FFA <div class="node-body blog-body"><p>Participation in groups like 4-H, FFA or similar programs gives young people a sense of belonging, confidence and teamwork that prepare them for a successful future.</p></div> <p><a href="" target="_blank">read more</a></p> Issues Road Warrior Tue, 12 Apr 2016 15:30:00 +0000 103831 at Who benefits from cheap commodities? <div class="node-body blog-body"><p>Low commodity prices can help some while hurting others. However, remember that commodity markets are extremely volatile and no economic cycle, up or down, lasts forever.</p></div> <p><a href="" target="_blank">read more</a></p> Issues Pricing Road Warrior Tue, 05 Apr 2016 21:38:00 +0000 103741 at 3 concerns about American agriculture <div class="node-body blog-body"><p>David Kohl recently participated in town hall meetings with farmers, lenders, agribusiness people and students. The majority have 3 major concerns about American agriculture, including: health care, regulations and crop insurance. </p></div> <p><a href="" target="_blank">read more</a></p> Issues Management Road Warrior Tue, 29 Mar 2016 21:22:00 +0000 103641 at