September 14, 2017

Managing Risk: A Conversation with Mylet Farms

The Mylet farm is operated by Tom and Neal Mylet (fifth and sixth generations of the Mylet family) along with input from several other family members. The farm has been in their family for more than 150 years. Their focus is on efficiency and innovation. In addition to farming, Neal is the principal behind a startup technology company that already has 12 patents. Mylet Farms utilizes the innovative Tribine Harvester, winner of the American Society of Ag. and Biological Engineers (ASABE) 2016 award for Outstanding Ag Machinery Innovation. The Tribine is an articulated harvester featuring two engines and a 1,000-bushel grain tank. In addition to focusing on their farming operation, the Mylets are very involved in their community and recently coordinated a virtual people-to-people exchange with Carroll County 4-H members and a group in Moscow.

TAGS:

plans + decisions, risk, technology

TEAM LINKS:

RELATED RESOURCES

Contingency Planning with Cash Flow Shortages

June 4, 2026

A contingency plan is a course of action designed to help a business determine how to respond to possible future events. Contingency plans are often referred to as “Plan B”. One of the most common contingency plans used by a business, particularly a small business, relates to how to respond to the departure or absence of key personnel. Contingency plans relating to how to respond to changes in projected cash flow are also important. Given the recent increase in input prices for fertilizer and fuel and wide variability in expected prices, it would be prudent for a farm to examine the sensitivity of their cash flow and repayment capacity to changes in crop prices. This article illustrates the use of contingency plans for a case farm in southwest Indiana.

Extracting Value from Precision Agriculture Technology is Difficult

March 26, 2026

Precision agriculture technology promises efficiency gains, but evidence shows most tools don’t improve farm performance. This analysis of Kansas farms highlights which technologies deliver measurable returns—and why management, learning, and farm efficiency level matter more than adoption alone.

Are Autonomous Farm Machines Economically Ready Yet?

February 2, 2026

Are autonomous machines financially competitive on today’s farms? Purdue research analyzes the real economics — from labor costs to hardware and subscription fees — and what it will take for autonomy to make sense at scale.

UPCOMING EVENTS

We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.

POPULAR RESOURCES

See What Others Like >>