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business planning
As a farm expands, it is important to evaluate the feasibility of adding an operator and/or hired employees as well as the feasibility of purchasing or renting additional land, and machinery and equipment. The feasibility of augmenting labor on a farm depends on two critical factors: gross revenue and profitability.
Read MoreThe President has signed the CARES (Coronavirus Aid, Relief, and Economic Security) Act into law. The CARES Act provides potential relief for employees and businesses.
Read MoreThe Commodity Classic learning center session presentation slidedeck by the Center’s James Mintert, Michael Langemeier and Jason Henderson, and CME Group’s Fred Seamon, given in San Antonio.
Read MoreThis survey provides a useful glimpse into the farm data lifecycle from collection to action to evaluation. We find that among large commercial corn and soybean operations, data collection is common (92% collect at least one type of farm data) and that collection is strongly related to farm characteristics.
Read MoreBy Larry DoBoer | That’s a lot of good news. Yet 2019 had its concerns. Real output growth fell back to a disappointing 2 percent, its average during this expansion, after near 3 percent growth in 2018. Recession signals flashed warnings. Manufacturing employment declined. Financial markets were unsettled. The yield curve inverted.
Read MoreToday, farms are much more specialized in crops or animals, and many fewer are in both. Has this changed the relative economic importance of crop and animal agriculture in the U.S.?
Read MoreAssessing management skills is an important part of benchmarking farm performance and figuring out where improvements may be needed.
Read MoreA spreadsheet to create pro-forma income and sources and uses of funds statements, and to compute repayment capacity and liquidity measures.
Read MoreBenchmarking is an important component to a continuous improvement program.
Read MoreBefore growing, it is essential for an operation to think about their strategic direction.
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