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Tag "farm finances"

Farm Business: Taking Stock of Your Finances with DuPont Financial Analysis Model

Farm Business: Taking Stock of Your Finances with DuPont Financial Analysis Model

👤By Danny Klinefelter, DTN Farm Business Adviser 🕔Jun 21, 2017

Most farmers that do look at their financial ratios analyze either their trends over time or relative to benchmarks; e.g., their own history, published numbers, other farmers or their lender’s standards. All of these are useful, but it’s also helpful

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Illinois Grain: Closeup Look at Power and Equipment Costs on a Per Acre Basis

Illinois Grain: Closeup Look at Power and Equipment Costs on a Per Acre Basis

👤By Brandy Krapf, Dwight Raab, and Bradley Zwilling, University of Illinois 🕔Jun 19, 2017

With tightening margins and lower crop prices, producers are looking for ways to cut costs. In this article, we will look at power and equipment costs components, how they vary by farm size and the impact on profitability. In 2004,

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South Dakota Crops: In 2017, Every Bushel Matters. Every Penny Counts.

South Dakota Crops: In 2017, Every Bushel Matters. Every Penny Counts.

👤By Alvaro Garcia, South Dakota State University 🕔Jun 7, 2017

It seems this year will be another challenging one for agriculture in South Dakota and the nation overall. In reality it might not be strikingly different from the three previous ones albeit with maybe somewhat tighter margins. US agriculture is

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Illinois: Modest Income Levels Projected for Grain Farms in 2017

Illinois: Modest Income Levels Projected for Grain Farms in 2017

👤By Gary Schnitkey, University of Illinois 🕔Jun 2, 2017

Listen to MP3 podcast In recent weeks, soybean prices have decreased, causing prospects for 2017 net incomes to decrease as well. At current fall-time delivery prices and trend yields, 2017 net incomes on grain farms would be near $25,000 per

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Kansas Net Farm Income Rebounds, but Ag Economy Continues to Slump

Kansas Net Farm Income Rebounds, but Ag Economy Continues to Slump

👤By Mary Lou Peter, Kansas State University 🕔May 24, 2017

Kansas average net farm income rebounded somewhat last year to $43,161 from a dismal stretch the previous year when income fell to $6,744 – the lowest in 30 years. The improvement in 2016 was supported by higher crop yields and

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North Dakota Farm Performance Rebounds in 2016

North Dakota Farm Performance Rebounds in 2016

👤By Kelli Armbruster, North Dakota State University 🕔May 23, 2017

North Dakota’s farm financial performance exceeded expectations in 2016. The average net farm income of 531 farms in the North Dakota Farm Business Management Program rebounded to $126,752 in 2016, compared with $28,600 in 2015, which was the lowest in

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Farm Economy: Federal Reserve Ag Surveys Provide Updated Look

Farm Economy: Federal Reserve Ag Surveys Provide Updated Look Updated

👤By Keith Good, Farm Policy News 🕔May 15, 2017

On Thursday, the Federal Reserve Banks of Chicago, St. Louis and Kansas City each released updates regarding farm income, farmland values and agricultural credit conditions from the first quarter of this year.  Today’s update provides a brief overview of yesterday’s

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Nebraska: Farm Finances Not So Bad Based on Survey

Nebraska: Farm Finances Not So Bad Based on Survey

👤By Tina Barrett, University of Nebraska-Lincoln 🕔May 9, 2017

Nebraska Farm Business, Inc. recently completed its financial averages for 2016. These averages represent the 120 farms across the state participating in this financial analysis program. Each year the data collected from these farms’ records is averaged to provide participants

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Farm Business: Cut Costs – Partner Up on Equipment Ownership

Farm Business: Cut Costs – Partner Up on Equipment Ownership

👤By Tim Lemmons, former Nebraska Extension Educator 🕔Apr 10, 2017

Editor’s Note: Reviewed and revised by Nebraska Extension Educators Allan Vyhnalek and Jim Jansen, and Jay Parsons, associate professor in the Department of Agricultural Economics Economic efficiency is paramount to profitability in crop production operations. Machinery and production equipment costs

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Farm Family Business: 10 Tips for Tough Times

Farm Family Business: 10 Tips for Tough Times

👤By Phil Durst, Michigan State University 🕔Apr 6, 2017

For many farms, across all of agriculture, the returns are poor relative to the cost of production. The result is great stress among many farm families. During times like this, it is easy to lose perspective, have difficulty making decisions

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