Farm Business: How Much Debt Can a Farm Carry? Jan 7, 2019

🕔Jan 7, 2019A recent article by Schnitkey (farmdoc daily, December 18, 2018) documents the percentage of Illinois FBFM grain farms by debt-to-asset category for the last decade.  The percentage of farms with […]

Veteran Farmers Share Survival Techniques – DTN Dec 18, 2018

🕔Dec 18, 2018After many years spent working in and teaching about commodity markets, I don’t ever recall equating my job to the way a country minister might talk to his congregation. Not […]

Tennessee: Business Planning Workshop Series, Jan.-Feb. Dec 14, 2018

🕔Dec 14, 2018Many farmers may want to start their new year by attending a workshop series designed to teach them how to develop a business plan. “Building a Sustainable Business Workshop Series” […]

Family Farm: 4 Key Elements for Successful Transitions Dec 12, 2018

🕔Dec 12, 2018Everyone knows the importance of accountants, attorneys and wealth managers when planning the transition of the farm or ranch to the next generation. And, for good reason, as getting the […]

Farm Business: Assessing Financial Management Skills Dec 11, 2018

🕔Dec 11, 2018As farms continue to consolidate it becomes increasingly important to assess a farm’s management skills.  At a certain farm size, it is no longer easy or feasible for the manager […]

Michigan: Beginning Farmer Webinar Series Begins Jan. 16 Dec 3, 2018

🕔Dec 3, 2018People who are exploring new farm businesses will benefit from participating in the Michigan State University Extension 2019 Beginning Farmer Webinar Series. New and expanding farm businesses provide jobs, income, increased economic […]

Louisiana: Farm Profitability Workshop, St. Martinville, Dec. 10 Nov 27, 2018

🕔Nov 27, 2018The LSU AgCenter and the Louisiana Sustainable Agriculture Research and Education Professional Development Program will offer a workshop on farm profitability in St. Martinville on Dec. 10. Farmer and business […]

Farm Business: 7 Financial, Risk Management Suggestions for 2019 Nov 14, 2018

🕔Nov 14, 2018With planning for next year’s crop underway, this article makes suggestions related to financial and risk management for grain farms, but we will also explain how farm businesses can use […]

Farm Business: Comparing Cash and Accrual Net Farm Income – Case Study Nov 14, 2018

🕔Nov 14, 2018It is widely accepted that accrual accounting provides a more accurate estimate of annual farm profitability than cash accounting or Schedule F net farm profit. Though there are numerous adjustments […]

Illinois Farm Family Business: 2019 Budgets – Don’t Forget Family Living Costs Oct 22, 2018

🕔Oct 22, 2018In 2017, the total noncapital living expenses of 1,219 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $79,798–or $6,650 a month for each family. […]

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