Editor's Picks
Tag: business management
4 Highly Effective Financial Habits for Farmers Nov 2, 2022
Use your accounting processes to evaluate, forecast and plan Think about how your farm has grown in size and scope in the past decade. Has your financial reporting followed suit? […]
When Creating 2022 Crop Budgets, Keep in Mind Family Living Costs Oct 24, 2022
In 2020, the total noncapital living expenses of 1,088 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $76,672–or about $6,400 a month for each family […]
Farm Finances: K-State Offers Online Financial, Risk Management Courses Apr 9, 2022
Farming and ranching, even in good times, can be a challenging business. Among many other forces, producers routinely deal with the uncertainties of weather, disease, pests and even politics. But […]
Farm Business: Debt Financing and Timing Farmland Purchases Sep 25, 2021
Farmland returns have averaged around 10%, particularly when holding periods exceed 20 years. Even given this 10% average return, financing farmland is difficult because capital gains make up a large […]
Farm Business: Cash Flow Versus Profitability Apr 14, 2021
A lot of attention and focus can be placed on the cash flow of a farm or ranch operation but relying only on cash flow as a measure of success […]
Farm Business: How Does Refinancing Affect Your Balance Sheet? Apr 14, 2021
Refinancing can be a useful tool for farms and ranches to improve cash flow. The process of refinancing can reduce the debt payments that you are expected to make in […]
Farm Family Shares Lessons Learned from Derecho Damage – DTN Apr 13, 2021
Some people chase storms. The Stalzer family are starting to wonder if they attract them. The Haverhill, Iowa, farmers spent $150,000 to rebuild grain bins after a 2011 derecho. If […]
Farm Business: 10 Data Management Tips for Improving Profitability Mar 26, 2021
Recent farmdoc daily articles and discussed the importance of new technologies to crop agriculture and the value of information. In this article, we continue this theme by discussing the role of information in […]
Farm Business: 6 Management Practices to Improve Your Operation Jan 28, 2021
In every part of agriculture there are farms and farmers that excel in what they do. Have you ever asked yourself why there are fewer and fewer farms each and […]
Ohio: Upcoming “Planning for the Future of Your Farm” Workshops Jan 20, 2021
OSU Extension will host a virtual three part “Planning for the Future of Your Farm” workshop on February 15, 22 and March 1, 2021 from 6:30 to 8:30 p.m. via Zoom. This […]
