More in Management

  • May 19, 2015
    blog

    10 perspectives on ag business from a college student

    I gave a recent conference attendee an assignment to complete during his nearly two hour drive home that evening. His assignment was to come up with 10 perspectives from my speech and give them to mom to turn in when she returned the next morning. And he did. From moderation in family living cost to knowing your bottom line, that young college student picked up my tips for success....More
  • May 12, 2015
    blog

    Potential changes to actively engaged rules 1

    In late March, USDA announced some proposed revisions to the actively engaged rules that are designed to further clarify some of the definitions and rules surrounding the requirement for management in a farm operation. This could potentially restrict certain individuals that currently qualify for farm program payments from potentially having future farm program payment eligibility beginning with the 2016 crop year....More
  • May 12, 2015
    blog

    Tips for working effectively with your ag lender, part 2

    Last week we talked about cash flow, sensitivity analyses and liquidity and how those matter when working with your ag lender. This week, lets go over the importance of a business plan, communications and productive assets....More
  • May 8, 2015
    video
    Corn+Soybean Digest

    Factors driving land values: Commodity prices, input costs, margins, interest rates

    Sterling Liddell, vice president, food and agribusiness research, Rabo AgriFinance, talks about what's driving land values. There are four important factors: commodity prices, input costs, margins and interest rates....More
  • Apr 29, 2015
    blog

    Your 40 chances

    We will continue to strive, as an information provider, to present you with good examples that help you make the most of your 40 chances. As Howard wrote in his book, “You’ve learned from your mistakes, but I’d guess that none of you feel you can afford to take a single year left on your string for granted.” We wholeheartedly agree....More
  • Apr 28, 2015
    blog

    Farm management best practices: Areas for concern 1

    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....More
  • Apr 21, 2015
    blog

    Farm management best practices

    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....More
  • Apr 14, 2015
    blog

    Oil prices & other economic factors impacting farm revenue

    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?”...More
  • Apr 7, 2015
    blog

    Family dynamics in business: The curse of wealth and compensation

    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....More
  • Apr 2, 2015
    video
    Corn+Soybean Digest

    Acreage report and planting impact on corn, soybean prices

    We need to take the acreage report with some caution, says Sterling Liddell, vice president, food and agribusiness research, Rabo AgriFinance. In the USDA acreage report released March 31, corn acres weren't a bullish surprise, and soybeans were, he says, but the report is a baseline going forward....More
  • Mar 31, 2015
    blog

    Family dynamics in business: Handling employee issues

    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....More
  • Mar 24, 2015
    blog

    Impact of family dynamic on business dynamics

    How often do we find a major change in operations or expansion makes perfect economic sense; however, the important human elements trump economics....More

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