Road Warrior http://cornandsoybeandigest.com/blog/70011/feed Dave Kohl is an ag economist specializing in business management and ag finance. He can be reached at sullylab@vt.edu. en 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