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General Farm Management & Strategy

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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Managing Risk: A Conversation with Scott Farms

Scott Farms is a diversified crop farm. Operators include Brian, John, and Robert. Crops produced include corn, waxy corn, popcorn, soybeans, and seed soybeans.

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Managing Risk: A Conversation with Mylet Farms

The Mylet farm is operated by Tom and Neal Mylet (fifth and sixth generations of the Mylet family) along with input from several other family members. The farm has been in their family for more than 150 years.

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Managing Risk: A Conversation with Maple Farms

Maple Farms is a family partnership, with three generations of the family actively involved in the farm since 1975. Maple Farms primarily grows food-grade corn and seed soybeans.

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Managerial Experience and Competitive Advantage

One of the ways a farm can gauge whether it has a long-term competitive advantage is to identify resources unique to the farm. To survive in the short-run, farms have to be able to exploit key resources.

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Does Your Farm Need to Expand?

There are numerous motivations for farms to expand their businesses. Even in today’s environment of tight margins, many farms are exploring expansion options.

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Evaluating Strategic Options

Sound strategic planning requires assessing strategic risk, which involves the sensitivity of a farm’s strategic direction, and the ultimate vulnerability and sustainability of the farm to uncertainties in the business climate.

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2017 Crop Outlook – After USDA’s Crop Acreage Report

Recorded July 3, 2017 | Purdue ag economists Chris Hurt & David Widmar discuss implications of USDA’s June 30 Acreage report on the outlook for corn and soybeans.

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Assessing and Managing Strategic Risk

Managing both operational risk and strategic risk is important in today’s production agriculture environment.

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Transferring Farm Machinery Through a Lease Agreement

There are numerous methods to transfer the ownership of farm machinery. Lease agreements often lower the cash flow requirements of the younger generation.

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