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Many 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 More about Strategies for Dealing with Agricultural LendersProduction 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 More about Renegotiating Fixed-Price Hog Production ContractsAs 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 More about Income Enhancement Strategies for FarmersThe 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 More about 2007 Crop Cost and Return GuideThe 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 More about 2006 Crop Cost and Return GuideThe 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 More about 2005 Crop Cost and Return GuideAny 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 More about Strategic Planning: Scanning the HorizonAssessing 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.
Read More about The Internal Analysis of Your Farm Business: What is Your Farm’s Competitive Advantage?In this publication we look at the underlying purpose for which the business exists: its vision and mission. An important key to any successful journey is to start with the end in mind. This is true whether the journey is something like a carefully planned vacation or like the initiation of a new business enterprise or restructuring of an existing business.
Read More about Developing Vision and Mission StatementsThis publication is designed to help you identify important trends in agriculture that affect your business. The agriculture of the 21st century puts pressure on farm business managers to be aware of and responsive to a number of industry trends.
Read More about The Competitive Environment: New Realities