Road Warrior http://cornandsoybeandigest.com/blog/70011/feed en 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 Ag borrowers who will struggle, part 1 http://cornandsoybeandigest.com/blog/ag-borrowers-who-will-struggle-part-1 <div class="node-body blog-body"><p>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 their profits and working capital to purchase land, those who acquired machinery to reduce income taxes and those with high debt levels. </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-1" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/ag-borrowers-who-will-struggle-part-1#comments Issues Management Road Warrior Tue, 10 Feb 2015 19:49:00 +0000 95781 at http://cornandsoybeandigest.com Do you know your cost of production? http://cornandsoybeandigest.com/blog/do-you-know-your-cost-production <div class="node-body blog-body"><p>Many producers, including larger operations, quickly get themselves into a serious financial condition if they are complacent and fail to monitor financial records. A good CEO producer will generally have a good idea where they stand financially at any point in time.</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-know-your-cost-production" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/do-you-know-your-cost-production#comments Corn Issues Soybeans Management Road Warrior Tue, 03 Feb 2015 19:50:00 +0000 95721 at http://cornandsoybeandigest.com Advice for teens who want to farm http://cornandsoybeandigest.com/blog/advice-teens-who-want-farm <div class="node-body blog-body"><p>At a recent event, David Kohl offered advice to teenagers who want to farm or be in the agriculture business. Focusing on different types of education and classes, he encouraged students to take a variety of classes, focus on the good professors and to complete internships outside of their region and country.</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/advice-teens-who-want-farm" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/advice-teens-who-want-farm#comments Corn Issues Soybeans Management Road Warrior Tue, 27 Jan 2015 19:20:00 +0000 95631 at http://cornandsoybeandigest.com