Most Recent Blog Posts

May 19, 2015

10 perspectives on ag business from a college student

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....More
May 12, 2015

Tips for working effectively with your ag lender, part 2

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....More
May 05, 2015

Tips to work effectively with your ag lender, part 1

During a recent panel, a participant asked CEOs from lending associations the following: Based on your experience, what are five points of wisdom....More
Apr 28, 2015

Farm management best practices: Areas for concern1

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....More
Apr 21, 2015

Farm management best practices

Best management practices are hot topics inside and outside of agriculture. Have you ever wondered how you stack up as an agriculture producer? This....More
Apr 14, 2015

Oil prices & other economic factors impacting farm revenue

In my road warrior travels interacting with producers and agribusiness leaders, there is much discussion concerning oil prices and other economic....More
Apr 07, 2015

Family dynamics in business: The curse of wealth and compensation

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....More
Mar 31, 2015

Family dynamics in business: Handling employee issues

Handling employee issues in a farm business, particularly a family-run farm business, is tricky. Sometimes, a meeting is a better choice than an....More
Mar 24, 2015

Impact of family dynamic on business dynamics

How often do we find a major change in operations or expansion makes perfect economic sense; however, the important human elements trump economics....More
Mar 17, 2015

Do you have the sixth C of credit?

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....More
Mar 10, 2015

Impact of education on income and unemployment

Education does have an impact on employment, income, and who participates in the workforce. Moving forward, the agriculture industry will be starved....More
Mar 03, 2015

Should I buy the farm?

The first question I ask is, “Will the farm purchase be consistent with your business, family, and personal goals?” Too often investment decisions....More
Feb 24, 2015

Farm working capital 101

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....More
Feb 17, 2015

Ag borrowers who will struggle, part 2

There are certain characteristics of borrowers who will struggle at the end of the agricultural commodity super cycle. This includes farmers who won....More
Feb 10, 2015

Ag borrowers who will struggle, part 1

In the coming years, there will be ag borrowers who will struggle. Three specific groups to watch are those businesses that utilized too much of....More
What's Road Warrior?

Dave Kohl is an ag economist specializing in business management and ag finance. He can be reached at sullylab@vt.edu.

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