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business planning

Thinking About Choosing A Marketing Advisor?

Farm operations often rely on consultants for a wide variety of services ranging from agronomic and animal nutrition services to tax and legal advice. But less common among farm operations is the use of a marketing advisor.

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Is it Feasible for my Farm to Add an Operator or Hired Employee?

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.

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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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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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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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