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 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 Decision making with negative margins, part 2: Returning to positive margins http://cornandsoybeandigest.com/blog/decision-making-negative-margins-part-2-returning-positive-margins <div class="node-body blog-body"><p>Let’s examine five-steps for returning to positive margins in your agriculture business, in no particular order. Some of these steps can be used to build efficiency in profitable businesses 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/decision-making-negative-margins-part-2-returning-positive-margins" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/decision-making-negative-margins-part-2-returning-positive-margins#comments Corn Issues Soybeans Management Road Warrior Tue, 20 Jan 2015 19:05:00 +0000 95491 at http://cornandsoybeandigest.com Decision making with negative margins, part 1 http://cornandsoybeandigest.com/blog/decision-making-negative-margins-part-1 <div class="node-body blog-body"><p>The reality is setting in that some producers, particularly those in the grain sector, will experience negative margins in 2015, which is something not experienced in many years. How can a producer troubleshoot their business and work with their lender when margins are tight, or even negative?</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/decision-making-negative-margins-part-1" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/decision-making-negative-margins-part-1#comments Corn Issues Soybeans Management Road Warrior Tue, 13 Jan 2015 19:57:00 +0000 95401 at http://cornandsoybeandigest.com 2015 Kickoff http://cornandsoybeandigest.com/blog/2015-kickoff <div class="node-body blog-body"><p>Everyone has had their fill of football bowl games, and now we are into the college and professional football playoffs, which usually provide some surprises and upsets. This is much like thinking ahead about what to expect in 2015. The following are a few of the thoughts and perspectives that you may want to consider in your planning or conversations with your business 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/2015-kickoff" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/2015-kickoff#comments Issues Management Road Warrior Tue, 06 Jan 2015 21:15:00 +0000 95271 at http://cornandsoybeandigest.com 2014 in the rearview mirror: ag economy, technology, farm management http://cornandsoybeandigest.com/blog/2014-rearview-mirror-ag-economy-technology-farm-management <div class="node-body blog-body"><p>The year 2014 has truly been a time of transition for the agricultural industry and rural areas. While challenging, there will be more opportunities to succeed in agriculture in the next decade than the last 30 years, but there will also be more opportunities to fail. A game plan including resiliency and agility will be the themes for 2015 and beyond for those moving to a higher level of management in the industry of agriculture.</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/2014-rearview-mirror-ag-economy-technology-farm-management" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/2014-rearview-mirror-ag-economy-technology-farm-management#comments Issues Management Road Warrior Tue, 23 Dec 2014 17:16:00 +0000 95091 at http://cornandsoybeandigest.com Strategies for managing profit in agriculture during a down cycle http://cornandsoybeandigest.com/blog/strategies-managing-profit-agriculture-during-down-cycle <div class="node-body blog-body"><p>The reality has set in that grain prices, cash flow and profit margins will be modest at best. Whether this part of the cycle correction will be one, two, or even five years or more in duration, farmers and their lenders will have to manage through these economic white waters.</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/strategies-managing-profit-agriculture-during-down-cycle" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/strategies-managing-profit-agriculture-during-down-cycle#comments Corn Issues Soybeans Management Road Warrior Tue, 16 Dec 2014 21:15:00 +0000 94981 at http://cornandsoybeandigest.com Agriculture financial management: Working capital burn rate http://cornandsoybeandigest.com/blog/agriculture-financial-management-working-capital-burn-rate <div class="node-body blog-body"><p>If your working capital burn rate is less than one year, it would be considered high risk. Above 3.5 years is indicative of a strong second line of defense and of course, between one and 3.5 years would be considered acceptable, but not stellar. To say the least, this winter and next year will be a balancing act as farmers juggle quickly converting liquid assets to cash to keep their businesses in operation.</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/agriculture-financial-management-working-capital-burn-rate" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/agriculture-financial-management-working-capital-burn-rate#comments Corn Issues Soybeans Management Road Warrior Tue, 09 Dec 2014 19:25:00 +0000 94891 at http://cornandsoybeandigest.com What happens when repayment fails? http://cornandsoybeandigest.com/blog/what-happens-when-repayment-fails <div class="node-body blog-body"><p>Throughout the country many lenders and producers dealing with the grain industry may face situations when repayment is not possible this winter and into 2015. With high cash rents and leases, along with input cost creep, there is a strong possibility that 2014 and 2015 may not cash flow and may show negative repayment capacity for many grain producers. Now what? </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/what-happens-when-repayment-fails" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/what-happens-when-repayment-fails#comments Issues Finance Road Warrior Tue, 02 Dec 2014 22:08:00 +0000 94741 at http://cornandsoybeandigest.com Repayment risk in a variable economic environment http://cornandsoybeandigest.com/blog/repayment-risk-variable-economic-environment <div class="node-body blog-body"><p>Lessons from the past find that the stress point in business financials is repayment capacity given debt service commitments. Repayment capacity and the management factors that influence it should be front and center in many farmers’ game plans. </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/repayment-risk-variable-economic-environment" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/repayment-risk-variable-economic-environment#comments Issues Management Road Warrior Tue, 25 Nov 2014 21:32:00 +0000 94671 at http://cornandsoybeandigest.com 5 Characteristics of profitable farmers http://cornandsoybeandigest.com/blog/5-characteristics-profitable-farmers <div class="node-body blog-body"><p>The grain industry is taking a body blow punch as prices have moderated over the year. If the lower prices continue into 2015 and beyond, there will be a “punch in the mouth” which will disrupt many producers’ strategic planning in the middle and later parts of the decade. A certain set of producers will still be profitable in the economic moderation. Let’s examine some of their characteristics.</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/5-characteristics-profitable-farmers" target="_blank">read more</a></p> http://cornandsoybeandigest.com/blog/5-characteristics-profitable-farmers#comments Issues Management Road Warrior Tue, 18 Nov 2014 17:05:00 +0000 94521 at http://cornandsoybeandigest.com