Road Warrior en 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 It's time to stress-test your farm business financials <div class="node-body blog-body"><p>With commodity prices falling and more negative margins, lenders are now asked to “stress test” your financial conditions as well as their agricultural portfolio. Let’s examine what is involved in “stress testing” and what may be yet to come. </p></div> <p><a href="" target="_blank">read more</a></p> Corn Issues Soybeans Finance Road Warrior Tue, 22 Mar 2016 20:25:00 +0000 103521 at Will family living costs put your farm out of business? <div class="node-body blog-body"><p>Farmers need to get serious and truly appreciate how much family living expenses can impact the profitability of a farm business. The numbers tell us that family living cost and taxes are two areas in which to capture significant savings. </p></div> <p><a href="" target="_blank">read more</a></p> Corn Issues Soybeans Management Road Warrior Tue, 15 Mar 2016 22:12:00 +0000 103431 at Economic volatility will present opportunities, and failure for those who don't manage it <div class="node-body blog-body"><p>Recently, a Kansas producer of the Baby Boomer generation asked me, &ldquo;Hey Doc! When will economics stabilize?&rdquo; Well, it is certainly understandable for producers to seek some sense of economic normalcy in these days of economic reset. My response, however, may not deliver the comfort for which this producer was hoping, but it is definitely not all bad news.&nbsp;</p></div> <p><a href="" target="_blank">read more</a></p> Corn Issues Soybeans Management Road Warrior Tue, 08 Mar 2016 22:58:00 +0000 103351 at Cost-Cutting 101, part 2: Land rent, capital expenses, labor costs <div class="node-body blog-body"><p>With this list of potential reductions, including land rent, capital expenses labor and other costs, hopefully our producer focus groups provided some ideas on which you will expand. An economic reset offers the opportunity to re-evaluate and improve your operation both for short-term and long-term sustainability. </p></div> <p><a href="" target="_blank">read more</a></p> Corn Issues Soybeans Management Road Warrior Mon, 29 Feb 2016 19:58:00 +0000 103221 at Cost-cutting 101: Fuel, family living, fertilizer <div class="node-body blog-body"><p>This is a starting point in the cost-cutting process, as suggested by producers. Granted, this is a tough process that requires time, examination and inevitably, some hard choices. However, developing a strategy to cut costs strengthens both short-term and long-term sustainability.</p></div> <p><a href="" target="_blank">read more</a></p> Fertilizer Issues Management Road Warrior Tue, 23 Feb 2016 22:54:00 +0000 103191 at