Farm Business - General
Farmers are opting to tap into their savings from recent prosperous years instead of taking out loans at the highest interest rates since 2007, according to surveys conducted by regional Federal Reserve banks.
Work by the House or Senate Agriculture Committee on a new farm bill is essentially stalled, Randy Russell tells AgriTalk’s Chip Flory. Russell says that could be the case until government funding issues are resolved.
Positive feedback is 1200x more effective than ignoring problems.
There is a chance we might see new tax legislation before year-end. However, I wouldn’t count on getting what you want.
Three recent headlines from the financial world have farmers asking how those events could affect their lending situation.
In early 2022, a possible trucker shortage grabbed headlines, but John Phipps says even today, there isn’t much hard data to substantiate that alarm.
Jimmy Tosh uses business scale to drive efficiency on his Tennessee operation.
Learn how to avoid these frustrating and deal-breaking mistakes.
Jim Douglas and his son, James, are navigating the joys and hurdles of succession planning.
Look at the decision makers and leaders on your farm. Are they all around the same age? Do they all have the same experience level?
This business practice reduces employee expenses and optimizes asset needs.
Warren Buffett has been the chairman of Berkshire Hathaway since 1970. He is routinely asked for his advice by students and others in the business. Here are a few of his tips.
How can you be ready, willing and able to lead your farm into the future? Start by developing a decision-making process.
You’ve taught your kids how to drive tractors, herd cattle and identify weeds. But have you passed on your money and management skills?
The concept and calculation of return on investment (ROI) is pretty simple. Yet, it is often poorly defined and poorly understood.
For 2024, USDA projects that food price inflation will be lower than that seen in 2023 and significantly lower than the rise seen in 2022.
Proper farm insurance, which can include property insurance, general liability insurance and workers compensation, provide large operations with protection and peace of mind.
The rural economy keeps chugging along, according to the Creighton University Rural Mainstreet Index. For the ninth straight month, the RMI has stayed above growth neutral.
Take a high-level assessment of your strengths and weaknesses.
Business growth can mean more acres, employees or revenue. What does it mean to you?
The difference between strategy and serendipity is small when you are prepared.
Open communication and succession planning help farm families maintain profits and healthy personal relationships.
Understand the cyber risks you face — and how to reduce your exposure.
Deferred grain contracts are helpful tax planning tools. Unfortunately, farmers often skip a vital step.
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.
Here’s how you can avoid committing these harmony-harming mistakes.
What is the best way to fill current and future labor needs on your farm? Never stop recruiting.
Move your succession plan forward with collaborative experts.