Road Warrior Dave Kohl is an ag economist specializing in business management and ag finance. He can be reached at en Knowing what's on your credit report may be key for your soybean and corn operations <div class="node-body blog-body">As agricultural credit tightens, corn and soybean producers with a keen financial IQ will remain successful.</div> <p><a href="" target="_blank">read more</a></p> Marketing Long- Term Operating Plan Road Warrior Mon, 18 Jul 2016 14:58:00 +0000 105251 at Keep a level head when assessing farm financials <div class="node-body blog-body"><p>In the emotionally charged era of the economic downturn, interesting exchanges occur between lender and borrower.</p> <p>At a recent agricultural bankers&rsquo; conference, one lender asked, &ldquo;What do you say to a farmer that tells you, &lsquo;It&rsquo;s my net worth and if I want to lose $200,000 in equity it is mine, not yours.&rsquo;&rdquo; Well, in some cases, producers with high net worth may feel able to take the economic hit. However, there may be more to a comment like this that necessitates further examination.&nbsp;</p></div> <p><a href="" target="_blank">read more</a></p> Marketing Long-Term Operating Loans Road Warrior Mon, 11 Jul 2016 19:37:00 +0000 105131 at Brexit impacts on the ag economy <div class="node-body blog-body"><p>Welcome to the wild world of global economics and politics complete with advanced technologies and constant information! This environment will create havoc and mayhem; but more importantly, opportunities for those who plan, execute and monitor.</p></div> <p><a href="" target="_blank">read more</a></p> Issues Marketing Management Road Warrior Tue, 05 Jul 2016 20:09:00 +0000 104981 at 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