Farm Business: Minding Your Balance Sheet and Your Working Capital

🕔Jan 21, 2019If it isn’t already on your New Years’ Resolution list, improving your financial reporting and improving your understanding of your balance sheet should be on that list.  Navigating the challenging […]

Indiana: 10 Farm Succession Planning Workshops in Jan., Feb.

🕔Jan 14, 2019Purdue Extension will offer 10 regional workshops on succession planning this winter. These meetings will teach family farm businesses how to plan for a transfer to the next generation.  Subjects explored […]

Farm Business: Management and Conservation in the Face of Lower Returns

🕔Jan 11, 2019This is a presentation summary from the 2018 Illinois Farm Economics Summit (IFES) which occurred December 17-21, 2018. A complete collection of presentations including PowerPoint Slides (PPT) and printable summaries […]

Farm Business: How Much Debt Can a Farm Carry?

🕔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 […]

Farm Employees: Are You the Team Leader or the Team Thinker? – DTN

🕔Jan 4, 2019How do I get my employees to listen? It’s an interesting request I hear often at farm shows and conferences. Many are fed up with employees not listening to their […]

Veteran Farmers Share Survival Techniques – DTN

🕔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 […]

Family Farm: 4 Key Elements for Successful Transitions

🕔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, 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 […]

Farm Finances Stressed: Lenders Helping, But Wary – DTN

🕔Nov 19, 2018Cash flow is a growing problem in farm country, and nearly all of the bankers that spoke with DTN at a recent conference said there’s some part of their portfolio […]

Farm Business: 7 Financial, Risk Management Suggestions for 2019

🕔Nov 14, 2018With planning for next year’s crop underway, this article makes suggestions related to financial and risk management for grain farms.  Projections for extremely low income in 2019 set the overall […]

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