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business planning

Farm Management Strategies in Times of Rising Volatility at Commodity Classic 2020

The 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.

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Farm Data Usage in Commercial Agriculture

This 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.

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Our Long, Slow, Steady Expansion Should Continue

By 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.

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The Economic Importance of U.S. Animal Agriculture

Today, 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.?

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Assessment of Management Skills

Assessing management skills is an important part of benchmarking farm performance and figuring out where improvements may be needed.

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Pro forma Financial Statements

A spreadsheet to create pro-forma income and sources and uses of funds statements, and to compute repayment capacity and liquidity measures.

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What Should My Farm Benchmark?

Benchmarking is an important component to a continuous improvement program.

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Farm Growth: Challenges and Opportunities

Before growing, it is essential for an operation to think about their strategic direction.

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Retirement in the Family Business: Farm and Non-Farm Differences

Retirement planning is always challenging but can be especially complicated if you own your business, work for a family business, or are self-employed. Copreneurs (those who own a business with their spouse) have especially complicated situations since the financial wellbeing of both individuals is linked to the business.

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Managing Risk: A Conversation with Kirkpatrick Farms

Kirkpatrick Farm operators, Bryan and Susan Kirkpatrick along with their daughter, Andrea, raise food-grade corn and seed soybeans with an emphasis on improving the productivity of their land.

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