Feb 21, 2012
blog

Decision Making Based On True Profits

Ask any farmer or rancher how profitable they are, and the response is usually “according to my taxes, I lose money most years.” However, the producer purchases new equipment, land and in some cases, personal assets, such as a new truck or car, or a vacation. How can this be? Many businesses are being managed using tax statements rather than an accrual-adjusted income statement....More
Feb 21, 2012
blog

March 15 is Crop Insurance Deadline 1

March 15 is the deadline to purchase crop insurance for the 2012 crop year. A good crop insurance program is a key part of a solid risk-management plan for a farm business. Farm operators are encouraged to discuss the Common Crop Insurance Policy (COMBO) insurance options, as well as other 2012 crop insurance needs and options with their crop insurance agent before the deadline....More
Feb 21, 2012
blog

USDA Sees Farm Income Down Sharply

U.S. farm income is expected to drop sharply in 2012 from last year’s record high as production costs rise by more than $10 billion for the second year in a row and crop receipts are limited by drought, USDA said recently in its first income forecast for this year....More

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