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Finances

10 Tips for Communications in Your Farm Business

On this episode Purdue ag economist Brady Brewer hosts a discussion that will provide you with 10 tips for better communication within your farm business. Joining Dr. Brewer is Family Business Management Specialist Renee Wiatt, Extension Area XI Director Kelly Heckaman, and Fayette County ANR Educator Heather Caldwell. 

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Comparing Net Returns for Alternative Leasing Agreements

Obtaining control of land through leasing has a long history in the United States.  Leases on agricultural land are strongly influenced by local custom and tradition.  However, in most areas, landowners and operators can choose from several types of lease arrangements.  With crop share arrangements, crop production and often government payments and crop insurance indemnity payments are shared between the landowner and operator.  These arrangements also involve the sharing of at least a portion of crop expenses.  Fixed cash rent arrangements, as the name implies, provide landowners with a fixed payment per year.  Flexible cash lease arrangements provide a base cash rent plus a bonus which typically represents a share of gross revenue in excess of a certain base value.  Each leasing arrangement has advantages and disadvantages.

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Farm Success and Technology Adoption

Farm Success and Technology Adoption slidedeck presentation by Michael Langemeier given in Rosario Argentina on August 11, 2022.

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Conventional and Organic Enterprise Net Returns

Due to continued increases in demand for certified organic grains, crop farmers that have transitioned from conventional to certified organic grains report higher net returns per acre. This article uses FINBIN data from 2017 to 2021 to update comparisons of crop yields, gross revenue, total expense, and net returns for conventional and organic alfalfa, corn, oats, soybeans, and winter wheat.

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Rising Interest Rates…Implications for Farmers

On this episode Purdue ag economists Brady Brewer and Michael Langemeier discuss inflation and interest rates in the agricultural sector as well as the agricultural credit markets. Gain more insight on interest rates, inflation and more!

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Farm Succession: Roadmapping Your Farm Transition

On this episode Purdue ag economist Brady Brewer along with the Purdue farm transition team Maria Marshall, Renee Wiatt, and Kyle Weaver, discuss the importance and implementation of roadmapping in your farm succession process. 

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Farm Succession: Financial Readiness for Succession

On this episode Purdue ag economists Brady Brewer and Michael Langemeier, along with extension educator Ed Farris discuss farm financial readiness and how it impacts succession planning. A downloadable version of The Farm’s Legacy: A Guidebook for Intra-Family Succession is available here. An audio transcript is also available below.

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Trends in Working Capital

This article discusses recent trends in working capital and differences in working capital among farms, and provides working capital benchmarks.  Data from USDA-ERS as well as the Center for Farm Financial Management in Minnesota is utilized.

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Farm Succession: Exiting the Business In a Timely Manner

How soon should you start succession planning? What are important things to think about that need transferred? What makes a good business partner, and how can you make this decision? On this episode, Purdue ag economist Brady Brewer discusses these succession planning questions along with tips on how to accomplish this transition in your farm…

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Nontraditional Lenders and their Impact on the Agricultural Credit Markets

In this episode Purdue associate professor and agricultural economist Dr. Brady Brewer along with a panel of experts discuss various aspects of the ag credit market and how nontraditional lenders are impacting the ag credit markets. The powerpoint slide are available, and the research papers referred to in this episode are linked within the slides.

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