More in Management

  • Mar 17, 2015
    blog

    Do you have the sixth C of credit?

    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....More
  • Mar 10, 2015
    blog

    Impact of education on income and unemployment

    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....More
  • Mar 10, 2015
    blog

    Less than a month to make decisions on new farm programs

    Most farm operators have been contemplating farm program choices for the new farm bill for the past 6-8 months; however, decision time has now arrived. Producers have until March 31, 2015, to complete their farm program choice at local USDA Farm Service Agency (FSA) offices....More
  • Mar 3, 2015
    blog

    Should I buy the farm?

    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....More
  • Mar 3, 2015
    blog

    2014 Farm program payments become clearer

    The USDA National Agricultural Statistics Service (NASS) released the 2014 estimated average county yields for corn, soybeans and other crops in late February. These yields will offer a pretty good estimate of where final Ag Risk Coverage-County (ARC-CO) farm program payments are likely to end up for the 2014 crop year....More
  • Feb 26, 2015
    video
    Corn+Soybean Digest

    Will corn, soybean prices get back to post-harvest levels this spring? 1

    CSD Xpert and University of Minnesota professor Ed Usset says there's a 70% chance producers will see the post harvest price levels of November soybeans and December corn come this spring. "I would challenge producers to make sure you're ready to get something done," said Usset at Commodity Classic after his early riser session on the first day....More
  • Feb 24, 2015
    blog

    Farm working capital 101

    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....More
  • Feb 17, 2015
    blog

    Ag borrowers who will struggle, part 2

    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....More
  • Feb 17, 2015
    blog

    New crop insurance options for 2015

    Profit margins for crop production this year are the tightest that they have been for several years, which makes the 2015 crop insurance decisions even more critical. Producers have several crop insurance policy options to choose from, including yield protection (YP) policies and revenue protection (RP and RPE) policies, as well as several other group insurance policy options....More
  • Feb 10, 2015
    blog

    Farm program deadlines approaching

    The deadline to finalize decisions on base acre reallocation and updating payment yields at local Farm Service Agency (FSA) offices is Feb 27. The deadline for producers to complete the farm program choice on each farm unit, and potentially on each eligible crop, is March 31....More
  • Feb 10, 2015
    blog

    Ag borrowers who will struggle, part 1

    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....More
  • Feb 3, 2015
    blog

    Do you know your cost of production?

    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....More
  • Feb 2, 2015
    blog

    8 Tips for risk management in 2015

    It appears we are definitely likely to see much tighter profit margins in corn and soybean production in 2015 and beyond, as compared to profit levels in recent years. These tighter margins can be manageable for farm operators that pay attention to farm operating expenses, land costs, overhead costs, etc., and have a good handle on what their breakeven market price levels are....More

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