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plans + decisions
Farms and agribusinesses are confronted by many different types of risk, but consideration to human resource risk is overlooked by far too many. If critical functions cannot be completed due to a death, disability, disaster, divorce, or disagreement the farm
Read More about Human Resource Risk Management & Contingency PlanningOn this episode Purdue ag economist Brady Brewer hosts a discussion that will provide you with 10 tips for better communication within your farm business. Joining Dr. Brewer is Family Business Management Specialist Renee Wiatt, Extension Area XI Director Kelly Heckaman, and Fayette County ANR Educator Heather Caldwell.
Read More about 10 Tips for Communication in Your Farm BusinessFarm Success and Technology Adoption slidedeck presentation by Michael Langemeier given in Rosario Argentina on August 11, 2022.
Read More about Farm Success and Technology AdoptionExit Strategies slidedeck presentation by Michael Langemeier given in Salem on March 25, 2022.
Read More about Exit StrategiesAn eleven-episode podcast series on farm succession/transition planning. Purdue ag economists Brady Brewer hosts members from the Purdue Farm Transition team and the Purdue Institute of Family Business to discuss topics related to succession planning.
Read More about Farm Succession/Transition Planning SeriesCompute accrual net farm income, and key financial ratios and repayment capacity measures from Schedule F information and beginning and ending balance sheets.
Read More about Measuring & Analyzing Farm Financial PerformanceA series of financial management articles that examine financial statements and financial analysis. Financial management involves the evaluation of liquidity and solvency, financial planning, acquisition and use of financial resources, asset purchases and farm growth, and relationships with agricultural lenders.
Read More about Financial Management – Statements & AnalysisSummary of data usage and data analytics in the agricultural value chain.
Read More about Data Usage in the Agricultural Value ChainSeveral factors need to be considered when evaluating new ventures and enterprises. In addition to determining how a new venture or enterprise fits into the current operation, it is important to evaluate expected returns and risk, the cost and ease of entry and exit, and managerial requirements and complexity.
Read More about Evaluating New Ventures and EnterprisesUSDA forecasts farm income in February and then releases four additional updates throughout the year as more data becomes available. In this episode of the Purdue Commercial AgCast, Purdue agricultural economists Todd Kuethe and Brady Brewer discuss the USDA Farm Income Forecast, which was updated on September 2, and the accuracy and bias of these forecasts along with how to interpret the adjustments.
Read More about Understanding USDA Farm Income Forecasts