Road Warrior http://cornandsoybeandigest.com/blog/70011/feed en Back to the Future, Part 3: Interest rates now vs. 1980s http://cornandsoybeandigest.com/blog/back-future-part-3-interest-rates-now-vs-1980s <div class="node-body blog-body"><p>It is not only today’s low interest rates, but the fact that there has been little movement in rates over almost a half a decade which is interesting. The accommodative Federal Reserve, attempting to stimulate the general economy, has, in turn, stimulated the agriculture and rural economy, putting it on steroids with extreme appreciation in farmland values and a depressed dollar, which has been very beneficial to agricultural export markets. </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/back-future-part-3-interest-rates-now-vs-1980s" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/back-future-part-3-interest-rates-now-vs-1980s#comments Issues Management Road Warrior Tue, 29 Jul 2014 20:52:00 +0000 92361 at http://cornandsoybeandigest.com Back to the Future, Part 2: Ag lending and financial management http://cornandsoybeandigest.com/blog/back-future-part-2-ag-lending-and-financial-management <div class="node-body blog-body"><p>An interesting trend in both the 1980s and today is that late in the economic cycle, many lending institutions saw opportunity in the agriculture industry, and thus came into the field of agriculture for profits. </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/back-future-part-2-ag-lending-and-financial-management" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/back-future-part-2-ag-lending-and-financial-management#comments Corn Issues Soybeans Finance Road Warrior Tue, 22 Jul 2014 15:17:00 +0000 92211 at http://cornandsoybeandigest.com Views from the corn field http://cornandsoybeandigest.com/blog/views-corn-field <div class="node-body blog-body"><p>In visiting with producers between sessions at a recent conference, the big question was, “What if a large crop occurs next year in both hemispheres?” If that does occur, many producers who have high fixed cost structures will either continue to burn through working capital and cash, or they may be required to refinance operating losses, if their lenders approve. </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/views-corn-field" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/views-corn-field#comments Corn Issues Soybeans Road Warrior Tue, 15 Jul 2014 18:18:00 +0000 92121 at http://cornandsoybeandigest.com Back to the Future, Part 1: Farm economy in 1980s vs. 2010s http://cornandsoybeandigest.com/blog/back-future-part-1-farm-economy-1980s-vs-2010s <div class="node-body blog-body"><p>One question during a recent forum discussion with ag lenders put me and other professors in the Back to the Future time machine to discuss the similarities and differences in the farm economy now compared to the 1980s. </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/back-future-part-1-farm-economy-1980s-vs-2010s" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/back-future-part-1-farm-economy-1980s-vs-2010s#comments Issues Management Road Warrior Tue, 08 Jul 2014 14:39:00 +0000 91961 at http://cornandsoybeandigest.com Economic halftime report http://cornandsoybeandigest.com/blog/economic-halftime-report-0 <div class="node-body blog-body"><p>Globally, the economic slowdown of emerging nations along with unrest in Ukraine, and now Iraq, bears watching. Remember, spikes in oil prices have been a major contributor to every recession since 1969. Overall, both the domestic and global economies are muddling along, uninspired by central bank stimulus both here in United States and abroad.</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/economic-halftime-report-0" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/economic-halftime-report-0#comments Issues Management Road Warrior Tue, 01 Jul 2014 19:23:00 +0000 91891 at http://cornandsoybeandigest.com Complacency: The Silent Killer http://cornandsoybeandigest.com/blog/complacency-silent-killer <div class="node-body blog-body"><p>Complacency can be the silent business killer. Peer analysis and benchmarking can be the catalysts that motivate managers to focus on aspects of the business that are done well, and then step outside with the advisory teams and other leading businesses to break into new territory, taking the business to a new level.</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/complacency-silent-killer" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/complacency-silent-killer#comments Issues Management Road Warrior Tue, 24 Jun 2014 19:15:00 +0000 91761 at http://cornandsoybeandigest.com Crucial farm transition management conversations: In-laws joining farm operation http://cornandsoybeandigest.com/blog/crucial-farm-transition-management-conversations-laws-joining-farm-operation <div class="node-body blog-body"><p>How can a son-in-law or daughter-in-law bring up the conversation about joining the farm operation or possible ownership? Often the younger generation family members are intimidated particularly if they have provided labor for the business for quite a while. What will frequently occur is that time will slip by and months become years without these important questions being asked and answered, which often ends up being disastrous to all generations involved.</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/crucial-farm-transition-management-conversations-laws-joining-farm-operation" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/crucial-farm-transition-management-conversations-laws-joining-farm-operation#comments Issues Management Road Warrior Tue, 17 Jun 2014 18:29:00 +0000 91641 at http://cornandsoybeandigest.com Working capital: The shock absorber http://cornandsoybeandigest.com/blog/working-capital-shock-absorber <div class="node-body blog-body"><p>While 33% working capital to revenue is appropriate for cash grain and market livestock businesses because of significant inventory, is this level of working capital too aggressive for dairies, since milk inventory is picked up every day or every other day?</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/working-capital-shock-absorber" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/working-capital-shock-absorber#comments Issues Finance Road Warrior Tue, 10 Jun 2014 22:09:00 +0000 91501 at http://cornandsoybeandigest.com China to overtake the U.S. economy http://cornandsoybeandigest.com/blog/china-overtake-us-economy <div class="node-body blog-body"><p>China is a rising economic power and with that status it will become a bigger partner in world economic trade. It will require China to step up to the plate in environmental and social issues and they will be criticized by neighboring countries that are sometimes threatened, particularly in that region of the world.</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/china-overtake-us-economy" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/china-overtake-us-economy#comments Issues China Road Warrior Wed, 04 Jun 2014 00:39:00 +0000 91331 at http://cornandsoybeandigest.com Economic indicators and confusing signals http://cornandsoybeandigest.com/blog/economic-indicators-and-confusing-signals <div class="node-body blog-body"><p>The U.S. economy is showing mixed signals. The lead economic index (LEI) which foretells the future of the economy has been increasing in recent months, most recently up 0.4%, which is bullish for the economy. Sixty percent of the factors that make up the LEI are exhibiting positive signs.</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/economic-indicators-and-confusing-signals" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/economic-indicators-and-confusing-signals#comments Issues Management Road Warrior Tue, 27 May 2014 19:36:00 +0000 91161 at http://cornandsoybeandigest.com Lessons learned from the student athlete http://cornandsoybeandigest.com/blog/lessons-learned-student-athlete <div class="node-body blog-body"><p>The hour and a half flight to Roanoke seemed like ten minutes as the discussion flowed from investment strategies, to the state of the U.S. and global economy, to federal debt. To my delight, I discovered the head coach actually teaches political science at Whitewater and was interested in my thoughts not only on economics, but also geopolitical trends, with his students actually listening. In discussions with key players, they indicated that the coach not only taught them basketball, but much about life as well.</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/lessons-learned-student-athlete" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/lessons-learned-student-athlete#comments Issues Management Road Warrior Tue, 20 May 2014 17:05:00 +0000 91021 at http://cornandsoybeandigest.com Q&A: Introducing new family members to the farming operation http://cornandsoybeandigest.com/blog/qa-introducing-new-family-members-farming-operation <div class="node-body blog-body"><p>While I was traveling in Canada conducting seminars, my standard operating procedure was to take only written questions from the participants. This technique works like a charm, since most questions are well thought out. The following question centered on transition management. </p></div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> influencer </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/qa-introducing-new-family-members-farming-operation" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/qa-introducing-new-family-members-farming-operation#comments Issues Road Warrior Tue, 13 May 2014 19:34:00 +0000 90931 at http://cornandsoybeandigest.com Ag lender’s role in agriculture business succession: Part 2 http://cornandsoybeandigest.com/blog/ag-lender-s-role-agriculture-business-succession-part-2 <div class="node-body blog-body"><p>The lender can play a role as a quarterback, keeping the ball rolling by directing stakeholders, owners and managers, as well as diverting the business toward qualified professionals to develop a customized solution for each individual business. The lender can also act as a third-party facilitator to keep the process moving and keep various family, partner and stakeholder egos out of the personal “swamp issues," says David Kohl.</p></div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> influencer </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-lender-s-role-agriculture-business-succession-part-2" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/ag-lender-s-role-agriculture-business-succession-part-2#comments Issues Road Warrior Tue, 06 May 2014 15:09:00 +0000 90741 at http://cornandsoybeandigest.com Ag lender’s role in agriculture business succession: Part 1 http://cornandsoybeandigest.com/blog/ag-lender-s-role-agriculture-business-succession-part-1 <div class="node-body blog-body"><p>Approximately 85% of agricultural businesses have no estate or transition plan in place. One of the most helpful resources a producer can draw upon in this challenging task is their agricultural lender.</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-lender-s-role-agriculture-business-succession-part-1" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/ag-lender-s-role-agriculture-business-succession-part-1#comments Issues Management Road Warrior Tue, 29 Apr 2014 17:11:00 +0000 90601 at http://cornandsoybeandigest.com Thoughts on farm transition management http://cornandsoybeandigest.com/blog/thoughts-farm-transition-management <div class="node-body blog-body"><p>At a recent seminar, panelists concluded that there is no cookie-cutter template for farm transition, and that each plan must be customized to meet the needs of the generations, partners and stakeholders involved. Family business meetings need to be held off-site with agendas and minutes, creating a paper trail as a means of communication for all parties.</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/thoughts-farm-transition-management" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/thoughts-farm-transition-management#comments Issues Management Road Warrior Tue, 22 Apr 2014 19:52:00 +0000 90491 at http://cornandsoybeandigest.com