Road Warrior http://cornandsoybeandigest.com/blog/70011/feed en Are ag outlooks from 2010 on track in 2015? http://cornandsoybeandigest.com/blog/are-ag-outlooks-2010-track-2015 <div class="node-body blog-body"><p>If you look back five years, what would you have said then compared to where we are today? Let’s dial the time machine back to 2010 and examine some of the hits and misses in economic projections.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/are-ag-outlooks-2010-track-2015" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/are-ag-outlooks-2010-track-2015#comments Issues Management Road Warrior Tue, 26 May 2015 19:58:00 +0000 97921 at http://cornandsoybeandigest.com 10 perspectives on ag business from a college student http://cornandsoybeandigest.com/blog/10-perspectives-ag-business-college-student <div class="node-body blog-body"><p>I gave a recent conference attendee an assignment to complete during his nearly two hour drive home that evening. His assignment was to come up with 10 perspectives from my speech and give them to mom to turn in when she returned the next morning. And he did. From moderation in family living cost to knowing your bottom line, that young college student picked up my tips for success.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/10-perspectives-ag-business-college-student" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/10-perspectives-ag-business-college-student#comments Issues Management Road Warrior Wed, 20 May 2015 00:20:00 +0000 97751 at http://cornandsoybeandigest.com Tips for working effectively with your ag lender, part 2 http://cornandsoybeandigest.com/blog/tips-working-effectively-your-ag-lender-part-2 <div class="node-body blog-body"><p>Last week we talked about cash flow, sensitivity analyses and liquidity and how those matter when working with your ag lender. This week, lets go over the importance of a business plan, communications and productive assets.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/tips-working-effectively-your-ag-lender-part-2" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/tips-working-effectively-your-ag-lender-part-2#comments Issues Management Road Warrior Wed, 13 May 2015 01:39:00 +0000 97371 at http://cornandsoybeandigest.com Tips to work effectively with your ag lender, part 1 http://cornandsoybeandigest.com/blog/tips-work-effectively-your-ag-lender-part-1 <div class="node-body blog-body"><p>During a recent panel, a participant asked CEOs from lending associations the following: Based on your experience, what are five points of wisdom that can increase our chances of working more effectively with our own lender and being successful? Here are their answers.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/tips-work-effectively-your-ag-lender-part-1" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/tips-work-effectively-your-ag-lender-part-1#comments Corn Issues Soybeans Road Warrior Tue, 05 May 2015 20:38:00 +0000 97241 at http://cornandsoybeandigest.com Farm management best practices: Areas for concern http://cornandsoybeandigest.com/blog/farm-management-best-practices-areas-concern <div class="node-body blog-body"><p>In an environment of reduced prices and relatively high costs, the financials can quickly get out of hand if they are not analyzed and monitored. As producers look to diversify or shift enterprises, penciling out possible outcomes is critical upfront. </p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/farm-management-best-practices-areas-concern" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/farm-management-best-practices-areas-concern#comments Issues Management Road Warrior Tue, 28 Apr 2015 21:32:00 +0000 97181 at http://cornandsoybeandigest.com Farm management best practices http://cornandsoybeandigest.com/blog/farm-management-best-practices <div class="node-body blog-body"><p>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.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/farm-management-best-practices" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/farm-management-best-practices#comments Issues Management Road Warrior Tue, 21 Apr 2015 20:56:00 +0000 97061 at http://cornandsoybeandigest.com Oil prices & other economic factors impacting farm revenue http://cornandsoybeandigest.com/blog/oil-prices-other-economic-factors-impacting-farm-revenue <div class="node-body blog-body"><p>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?” </p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/oil-prices-other-economic-factors-impacting-farm-revenue" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/oil-prices-other-economic-factors-impacting-farm-revenue#comments Issues Management Road Warrior Tue, 14 Apr 2015 19:02:00 +0000 96941 at http://cornandsoybeandigest.com Family dynamics in business: The curse of wealth and compensation http://cornandsoybeandigest.com/blog/family-dynamics-business-curse-wealth-and-compensation <div class="node-body blog-body"><p>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. </p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/family-dynamics-business-curse-wealth-and-compensation" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/family-dynamics-business-curse-wealth-and-compensation#comments Issues Management Road Warrior Tue, 07 Apr 2015 20:14:00 +0000 96801 at http://cornandsoybeandigest.com Family dynamics in business: Handling employee issues http://cornandsoybeandigest.com/blog/family-dynamics-business-handling-employee-issues <div class="node-body blog-body"><p>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.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/family-dynamics-business-handling-employee-issues" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/family-dynamics-business-handling-employee-issues#comments Issues Management Road Warrior Tue, 31 Mar 2015 20:32:00 +0000 96721 at http://cornandsoybeandigest.com Impact of family dynamic on business dynamics http://cornandsoybeandigest.com/blog/impact-family-dynamic-business-dynamics <div class="node-body blog-body"><p>How often do we find a major change in operations or expansion makes perfect economic sense; however, the important human elements trump economics.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/impact-family-dynamic-business-dynamics" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/impact-family-dynamic-business-dynamics#comments Issues Management Road Warrior Tue, 24 Mar 2015 22:09:00 +0000 96621 at http://cornandsoybeandigest.com Do you have the sixth C of credit? http://cornandsoybeandigest.com/blog/do-you-have-sixth-c-credit <div class="node-body blog-body"><p>The five Cs are important criteria for credit, but a sixth C is very important in terms of management, which frequently makes a difference in the five Cs of credit. The sixth C is the cranium.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/do-you-have-sixth-c-credit" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/do-you-have-sixth-c-credit#comments Issues Management Road Warrior Tue, 17 Mar 2015 19:11:00 +0000 96461 at http://cornandsoybeandigest.com Impact of education on income and unemployment http://cornandsoybeandigest.com/blog/impact-education-income-and-unemployment <div class="node-body blog-body"><p>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.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/impact-education-income-and-unemployment" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/impact-education-income-and-unemployment#comments Issues Management Road Warrior Tue, 10 Mar 2015 20:42:00 +0000 96341 at http://cornandsoybeandigest.com Should I buy the farm? http://cornandsoybeandigest.com/blog/should-i-buy-farm <div class="node-body blog-body"><p>The first question I ask is, “Will the farm purchase be consistent with your business, family, and personal goals?” Too often investment decisions are made without determining their alignment with goals of other family members and partners.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/should-i-buy-farm" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/should-i-buy-farm#comments Issues Management Road Warrior Tue, 03 Mar 2015 20:28:00 +0000 96141 at http://cornandsoybeandigest.com Farm working capital 101 http://cornandsoybeandigest.com/blog/farm-working-capital-101 <div class="node-body blog-body"><p>By definition, working capital is current assets, which can be turned to cash in one year or less, minus current liabilities due within one year. Working capital measures financial liquidity, which is the ability to sell assets without disrupting normal business operations.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/farm-working-capital-101" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/farm-working-capital-101#comments Issues Management Road Warrior Tue, 24 Feb 2015 21:23:00 +0000 96061 at http://cornandsoybeandigest.com Ag borrowers who will struggle, part 2 http://cornandsoybeandigest.com/blog/ag-borrowers-who-will-struggle-part-2 <div class="node-body blog-body"><p>There are certain characteristics of borrowers who will struggle at the end of the agricultural commodity super cycle. This includes farmers who won cash-rent lotteries during the upswing, as well as farmers who have high equity but marginal profits. Young ag professionals and rural America will also feel the pinch of the commodity downturn.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/road-warrior">Road Warrior</a></li> </ul></div><p><a href="http://cornandsoybeandigest.com/blog/ag-borrowers-who-will-struggle-part-2" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/ag-borrowers-who-will-struggle-part-2#comments Corn Issues Soybeans Management Road Warrior Tue, 17 Feb 2015 18:31:00 +0000 95931 at http://cornandsoybeandigest.com