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General Farm Management & Strategy
Purdue ag economists James Mintert and Michael Langemeier review the results from the August 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The barometer and its two sub-indices all posted their most positive readings since February 2020 when record highs were established and before the pandemic began.
Read MorePurdue University agricultural economist Brady Brewer is joined by Purdue Agricultural Economics graduate student Chad Fiechter and Kansas State agricultural economist Jennifer Ifft to discuss issues surrounding vendor and trade credit in the agricultural finance sector. There has been a lot of growth in farmer use of vendor and trade credit as terms and conditions…
Read MoreThis article is one of a series of financial management articles that examine financial statements and financial analysis. In this article, the components of a statement of owner’s equity are illustrated and described.
Read MoreA sources and uses of funds statement, often referred to as a flow of funds report, provides a mechanism for reporting how a farm’s performance during an accounting period influenced and was influenced by major funding activities.
Read MoreAn accrual income statement contains one of the most important financial measures used by farms, net farm income. Because this measure is accrual, it measures the actual performance of a farm during the year.
Read MoreA market value balance sheet estimates asset values using current prices for similar assets. The market value balance sheet is relatively easy to derive, more comparable across farms, includes opportunity cost, and often required by lenders. The market value balance sheet allows us to examine the liquidation values of the assets.
Read MoreFarm operations often rely on consultants for a wide variety of services ranging from agronomic and animal nutrition services to tax and legal advice. But less common among farm operations is the use of a marketing advisor.
Read MoreAdding to our series about Farm Transition Planning, in this third Purdue Commercial AgCast episode, we discuss how to evaluate if the farm can add an operator or hired employee.
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 MoreRecorded August 12, 2020 | Purdue Extension and United States Department of Agriculture (USDA) experts gathered virtually on August 12 to discuss the results of the 2020 USDA crop report and the current status of Indiana’s major cash crops.
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