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Tag "business management"

Farm Growth: How to Evaluate the Options – 6 Criteria

Farm Growth: How to Evaluate the Options – 6 Criteria

👤By Michael Langemeier and Michael Boehlje, Purdue University Ag Economists 🕔Jan 18, 2018

There are numerous motivations for farms to expand their businesses. Even in today’s environment of tight margins, many farms are exploring expansion options. When exploring these options, it is important to address key questions pertaining to the farm’s strategy. A

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Illinois Farm Business: Habits of Financially Resilient Farms

Illinois Farm Business: Habits of Financially Resilient Farms

👤By Nick Paulson, University of Illinois Ag Economist 🕔Jan 11, 2018

This is a presentation summary from the 2017 Illinois Farm Economics Summit (IFES) which occurred December 18-22, 2017. A complete collection of presentations including PowerPoint Slides (PPT) and printable summaries (PDF) are available here. Over the past 10 years, returns

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Texas: Online Ag Business Startup School to Begin Feb. 18

Texas: Online Ag Business Startup School to Begin Feb. 18

👤By Paul Schattenberg, Texas AgriLife Extension 🕔Jan 8, 2018

The Texas A&M AgriLife Extension Service and others will present the Generation Next: Our Turn to Ranch online school for agricultural business startups from Feb. 18- May 12. “This course is ideal for those who have recently purchased or inherited

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Farm Business: Is Co-Signing a Loan a Good Idea? 4 Points to Consider.

Farm Business: Is Co-Signing a Loan a Good Idea? 4 Points to Consider.

👤By J. David Aiken, University of Nebraska-Lincoln Extension Water and Agricultural Law Specialist 🕔Dec 19, 2017

Parents co-signing loans for their children is common in agriculture. This usually happens when the child needs a loan to purchase land, livestock, or farm equipment. Lenders are more willing to make the loan to a beginning producer if the

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Farm Business: 7 Crops Show a Declining Cost of Production

Farm Business: 7 Crops Show a Declining Cost of Production

👤By Nick Paulson, Jonathan Coppess, and Gary Schnitkey, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Dec 15, 2017

In a July 25, 2017 farmdoc daily article, Schnitkey discussed declining cost of production for Illinois corn and soybeans. This article extends the discussion to the U.S. and to barley, peanuts, rice, sorghum, and wheat. Total cost per acre declined

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Farm Business: What Strategic Issues Should Influence My Growth Options?

Farm Business: What Strategic Issues Should Influence My Growth Options?

👤By Michael Langemeier and Michael Boehlje, Purdue University Ag Economists 🕔Dec 5, 2017

There are numerous motivations for farms to expand their businesses. Even in today’s environment of tight margins, many farms are exploring expansion options. When exploring these options, it is important to address key questions pertaining to the farm’s strategy. A

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Annual National Black Growers Council Conference, Tunica, MS, Dec. 11-13

Annual National Black Growers Council Conference, Tunica, MS, Dec. 11-13

👤From a Press Release 🕔Nov 21, 2017

The National Black Growers Council (NBGC) has announced the dates for its upcoming 2017 annual conference.  The event will be held December 11-13, 2017 at the Gold Strike Hotel & Resort located in Tunica, MS.  Hotel registration for the event can be made by dialing

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Farm Finances: Evaluating Your Capital Debt Repayment Capacity

Farm Finances: Evaluating Your Capital Debt Repayment Capacity

👤By Brandy Krapf, Dwight Raab, and Bradley Zwilling, University of Illinois Ag Economists 🕔Nov 20, 2017

Many financial measures and ratios assist in evaluating the financial health of a business. Not one of those measures itself can assess the overall financial condition of a farm business. It takes a top down review of many of those

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Farm Family Business: Building a Working Relationship is Hard Work – DTN

Farm Family Business: Building a Working Relationship is Hard Work – DTN

👤By Lance Woodbury, DTN Farm Business Adviser 🕔Nov 8, 2017

Usually, when we think of business partners, we think of people who work together because their skills and personalities complement each other so value is enhanced. For example, one partner is good with people, and another partner is more mechanically

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Farm Business Management: Growth Options – 9 Questions to Ask Yourself

Farm Business Management: Growth Options – 9 Questions to Ask Yourself

👤By Michael Langemeier and Michael Boehlje, Purdue University Ag Economists 🕔Nov 6, 2017

There are numerous motivations for farms to expand their businesses. Even in today’s environment of tight margins, many farms are exploring expansion options. When exploring these options, it is important to address key questions pertaining to the farm’s strategy. A previous farmdoc

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