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The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2008 crop budget estimations.
Read MoreThe best strategy is to resolve financial stress problems before they become severe. One of the most important rules of managing in times of financial stress is summed up in the simple but powerful phrase-early recognition, early resolution.
Read MoreMany factors contribute to financial stress for small business owners, and farming is no exception. Dealing with lenders at such times can be an additional stress — or a way of relieving it. This publication outlines 10 strategies for dealing with agricultural lenders.
Read MoreProduction contracts have become a popular mechanism for coordinating hog production.Some of these contracts are based on a fixed price for Segregated Early Weaned (SEW) pigs. Others are contractual arrangements to lease grow-out facilities on a fixed-price-per-pig basis or on cost-plus contracts. Large price changes can render such contracts untenable for one or the other party.
Read MoreAs farmers, you know that cost reduction is clearly the place to begin when developing survival strategies if you are facing serious financial difficulties. But many of you have adopted intensive production systems and have already reduced costs to the bare minimum over the last several years while prices of inputs continue to rise rapidly. This leaves little room for advice on how to weather financial stress through cost reduction.
Read MoreThe Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the January 2007 crop budget estimations.
Read MoreThe Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the January 2006 crop budget estimations.
Read MoreThe Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the January 2005 crop budget estimations.
Read MoreAny planning activity involves thinking about the future. However, the focus of strategic planning is not on predicting the future, but instead on making better decisions here and now in order to reach a desired future. Because the future cannot be known with certainty, farm business managers must make certain assumptions about what the future will hold.
Read MoreAssessing the strengths and weaknesses of your farm business will help you identify those activities conducted on the farm that can create a sustainable competitive advantage for the business. To accomplish this goal, it is necessary to identify those activities at which your farm business excels, not just activities that it does equally as well as its competitors.
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