More in Issues

  • Nov 11, 2015
    blog

    We’re 75, but not your grandfather’s magazine 1

    It’s time to party. The best reason for this -- harvest is over (or almost in some cases). Second best reason, at least in our case, is that our brand, Corn+Soybean Digest, is 75 years young this month....More
  • Nov 10, 2015
    blog

    How is the financial status of your farm business? 1

    In agriculture, negative margins and declining asset values place many producers in this same financial mindset. What are some of the key items you need to review in your historical financial information? Approaching your examination from your lender’s perspective will help you be prepared....More
  • Nov 10, 2015
    blog

    Caution advised on high land rental rates

    Two factors are leading some farm operators to be overly optimistic about crop income expectations for 2016, and is also resulting in some landlords being unwilling to reduce high cash rental rates for the 2016 crop year....More
  • Nov 3, 2015
    blog

    Financial ratios for ag operations

    Producers who manage for profit and sustainability should use ratios to measure performance. Then, identify the source of any problems and proactively develop strategies for solutions....More
  • Oct 27, 2015
    Commentary

    Clarifying 2014 ARC-CO payments

    The first confusion surrounding ARC-CO payments is why producers in one county get the maximum payment for a crop for the 2014 crop year, and producers in another county get zero payment for the same crop....More
  • Oct 27, 2015
    blog

    Farm business finances: Impact of family living withdrawal

    When managing a farm business for success and sustainability, all variables must be evaluated including, family living withdrawals and investment patterns both on and off of the farm. Family living withdrawals can make the difference between a successful or vulnerable farm or ranch business. Position your family and business for success!...More
  • Oct 19, 2015
    blog

    What's the state of the ag economy in late 2015?

    As economic scenarios continue to play out in the emerging nations, it will be interesting to see which options the pilots of our economy choose with political dysfunction, global military and social tensions on the rise....More
  • Oct 13, 2015
    blog

    The great commodity super cycle impact on family living cost

    While navigating your business through a commodity price reset, it is important to ask where your finances stand. Do you have separate personal living and business expense budgets?...More
  • Oct 6, 2015
    blog

    Ag lender dilemma: Increased oversight, regulation

    Increased oversight and regulation limit your lender’s flexibility. Be aware of this situation and be prepared! Make sure your financial records are up to date and accurate. Maintain adequate working capital....More
  • Sep 29, 2015
    blog

    Choosing the next enterprise for the farm operation

    There is no magic silver bullet in selecting the next best enterprise for your farm operation. First, assess the goals and values of the business, family and personal lives. After examining the goals, ascertain whether adding a new enterprise is consistent with the goals, both short and long-term. It does not matter what the new enterprise may be if the current business cannot support it....More
  • Sep 29, 2015
    blog

    Lower crop prices should impact land rental rates

    Average rental rates for 2015 did drop a bit in some areas, but in general have remained quite high across the region. Farm operators and landlords are now beginning the process of negotiating land rental contracts for the 2016 crop year, and are trying to arrive at equitable rental rates, based on the lower crop prices that we are now experiencing....More
  • Sep 22, 2015
    blog

    Would you burn working capital to keep farming?

    First, one must consider the producer’s goals; business, family and personal. Next, look at the current business position. If the business is near the stage of exit perhaps the financial losses and negative margins are not a good use of the excess working capital....More
  • Sep 15, 2015
    blog

    Sequestration likely to affect farm program payments

    Many farm operators in the Upper Midwest are anticipating significant county-based Ag Risk Coverage (ARC-CO) farm program payments on corn for the 2014 crop year. Some producers are also likely to receive a fairly substantial ARC-CO payment for soybeans for the 2014 marketing year. It was recently revealed that the likely 2014 ARC-CO farm program payments, and any other farm program payments, are likely be subject to Federal government sequestration provisions....More
  • Sep 14, 2015
    blog

    Worst farm management practices

    This is my list of the worst top 10 management practices. There are most certainly other aspects and components that are very important for businesses, but this list demonstrates that discipline is required for success. Even the mundane, seemingly boring tasks and details can be extremely important....More
  • Sep 8, 2015
    blog

    Complete, accurate farm financials necessary for ag lenders

    In the past, the lender may have completed the financial records for the borrower in reaction to stiff competition or perhaps, did a simple credit score check before allocating credit. These methods, however, are now history. Lack of complete and accurate financial records is indeed a serious issue; both for the lender and the producer....More
  • lender meeting
    Aug 31, 2015
    blog

    Advice for new ag lenders 1

    Increasingly, new lenders will be less familiar with agriculture and farm backgrounds. Further, expect individuals from varied backgrounds, national origins as well as perspectives to enter agricultural lending....More

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