The sources of stress and uncertainty for the season ahead are plentiful. When uncertainty is plentiful, so is decision paralysis. To play offense and face the biggest risks to your farm, use this decision framework.
Winter is not the high precipitation time frame for many portions of farm country, Snodgrass says. One spring storm system can deliver the same amount of soil moisture as all the snowfall during the winter.
What is the state of the U.S. economy? How will these macro factors impact the agricultural economy? John Deere's Kanlaya Barr provides a guide to a few risks you should monitor in the next year.
What will the next decade hold for your farm? What factors should you use to weigh investments or crop planning? Here are five trends and data sets to ponder from USDA's latest Agricultural Baseline Projections.
“You can begin at any point in the year, but the power of this is that by improving yourself first, others follow,” says Mark Faust, president of Echelon Management.
In your will or trust documents, you name a power of appointment. This means you grant power to an individual to name recipients of all or a portion of your money and property in the future.
The poet Ovid said, “Dripping water hollows out stone, not through force but through persistence.” This quote perfectly encompasses a key in business success: small habits done repeatedly truly do add up.
You’ve heard the horror stories. The ones about farm families who spend months in court fighting over assets. The result? A destroyed business and fractured family. Why does this situation play out over and over?
Is your operation in the sweet spot for owning a sprayer? Of course, every decision has downsides (and a price tag). But, investing in a sprayer for your farm could offer a clear upside.
For 2022, USDA reports the value of the nation’s cropland is $5,050. That’s up $630, or 14%, from 2021. This year’s figure marks back-to-back record highs in cropland values.
If you find yourself ready to bid on a significant number of acres, do your homework, analyze lease types and perfect your landlord communication plan.
How can you reward team members for good work, increase employee retention and achieve your operation’s goals? Consider implementing an incentive pay system to reward your farm employees.
Succession planning is difficult and time-consuming, but it is also a key step for a business that can grow into the future. Regardless of where you are in the process, you can always take another step.
The latest round of agricultural credit condition surveys from the Federal Reserve banks show high farm real estate values are supporting farm finances.
Farmers, livestock producers and others in the agriculture industry are part of core skin cancer statistics related to outdoor work, consistently ranking highest in overall sun exposure.
You are likely making plans for seasonal help. If that team includes children or grandchildren, you might want to consider setting up a custodial Roth Individual Retirement Accounts (IRAs) for them.
Farmers and ag cooperative need to be on high alert this spring. That’s according to the FBI, which is predicting cyber criminals might attack the industry during planting and harvest.
This data confirms the obvious — there is plenty of income and cash in farm country and is being reflected in the record prices being paid for farmland.
There’s no one better to provide a realistic and informative take on tax planning than Paul Neiffer, principal with CLA and author of “The Farm CPA” blog.
As we prepare to put 2021 to bed, several of our editors reminisced about the past year and identified the stories, pieces and clips they enjoyed producing the most.
