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business planning
Following our episode about Farm Transition Planning, we now take a closer look at some of the key areas of forming and executing a farm succession plan. To kick this series off, Purdue Agricultural Economists Michael Langemeier and Brady Brewer cover the topic of transitioning management of a farm from one generation to the next.
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Maria Marshall, professor and director of Purdue’s Institute for Family Business, joins Brady Brewer to discuss farm succession planning. They answer why it’s important to start planning both a management and an ownership transfer ahead of time, who to have on your team of advisors, and the things you can do to start to prepare.
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In this Purdue Ag Econ Report (PAER) special edition, we look at COVID-19 impacts on agriculture and related topics. Contents: Retail markets get a boost during COVID-19; SBA help for small (and family businesses; COVID-19 weakens ethanol demand leading to reduced corn usage forecast; Short-term effects of COVID-19 on U.S. soybean and wheat exports; Changing crop net return prospects; Threats to local government revenues from the coronavirus recession; COVID-19 and online grocery prices; Specialty farm households’ consumption and risk behavior after natural disasters
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A series of financial management articles that examine financial statements and financial analysis.
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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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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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Index Numbers of Indiana Farm Real Estate Values, January 2020 update. Compiled by Craig Dobbins and J.H. Atkinson, Purdue Agricultural Economics.
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Assessing management skills is an important part of benchmarking farm performance and figuring out where improvements may be needed.
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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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