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Human Resources & Labor
Labor costs are one of the most prevalent costs on a farm. As such, farm managers need to evaluate whether they are utilizing labor efficiently and productively. One way to evaluate this issue is to use benchmarks created using data from similar farms. Labor benchmarks should include family and operator labor as well as hired labor.
Read MoreLabor availability and labor retention are big issues in the U.S. economy and that’s especially true for agribusiness firms and for commercial scale farm operations. According to the latest Purdue Agricultural Job Market Report, job postings are up by 50%. More employers are seeking entry-level candidates with higher levels of education. Additionally, it has become more common for employers to include salary information in their job postings as a way to encourage applications. In this episode of the Purdue Commercial AgCast, host Brady Brewer joins Josh Strine, a Ph.D. student in Purdue’s Department of Agricultural Economics, to discuss the Purdue Ag Jobs Dashboard.
Read MoreFarms and agribusinesses are confronted by many different types of risk, but consideration to human resource risk is overlooked by far too many. If critical functions cannot be completed due to a death, disability, disaster, divorce, or disagreement the farm
Read MoreWondering what the current agriculture job market is?
In this episode Purdue University Center for Commercial Agriculture’s ag economists Brady Brewer and Nathan Delay discuss the agricultural job market and the Purdue University’s Department of Agriculture Economics Ag Jobs Dashboard from research conducted by grad student Doug Abney.
The dashboard is an overview of monthly data collected of the agricultural job market over time, starting the summer of 2021. Slides and a transcript from the discussion are available.
Read MoreLabor costs are one of the most prevalent costs on a farm. As such, farm managers need to evaluate whether they are utilizing labor efficiently and productively. One way to evaluate this issue is to use benchmarks created using data from similar farms.
Read MorePrecision agriculture utilizes biotechnology and nutritional technology; monitoring, measuring, and information technology; and process control technology to increase resource efficiency, reduce input cost, and/or improve product value. This series of articles will discuss precision agricultural technologies, potential payoffs of using these technologies, and the capabilities and skills that will be needed to manage these technologies.
Read MoreA series of financial management articles that examine financial statements and financial analysis. Financial management involves the evaluation of liquidity and solvency, financial planning, acquisition and use of financial resources, asset purchases and farm growth, and relationships with agricultural lenders.
Read MoreAs 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.
Read MoreAssessing management skills is an important part of benchmarking farm performance and figuring out where improvements may be needed.
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