Farm Management Tour: July 17, 2024

Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.

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General Farm Management & Strategy

Corn Drying and Shrink Comparison

Iowa State University offers corn producers resources to help weigh potential delayed harvest and/or result in additional field losses due to drier stalks and ears against potential drying charges and/or discounts.

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Managing Your Farm Business during an Economic Downturn

Prices for corn, soybeans, and wheat have all declined precipitously since the drought induced peaks of 2012. Bumper crops in 2013 and 2014 pushed crop agriculture from a tight supply/demand balance, and record high prices, to a situation where attention is now focused on crop surpluses and declining prices.

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Comparison of Drying Systems

Use Iowa State University’s spreadsheet decision tool to compare total drying cost per bushel based on the type of drying system and price inputs.

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Estimating the Cost for Drying Corn

The cost of drying corn grain will depend on the type and size of drying system utilized, the amount of moisture to be removed, the weather conditions during the drying period, and the current per unit costs for electricity and drying fuel.

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Stress Testing

This article is one of a series of financial management articles that will examine financial statements and financial analysis. Stress testing describes a range of techniques that can be used to access the vulnerability of a firm’s balance sheet and income statement to changes in prices, production, or financing.

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Using Credit Reserves to Manage Financial Risk

This article is one of a series of financial management articles that will examine financial statements and financial analysis. There are numerous sources of risk in production agriculture.

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Farm Building Rental Rate Survey

Farm buildings and livestock facilities often outlast their owner’s need for them, but can still provide usable service. Farm operators and livestock producers may be able to make use of certain types of farm buildings but are not in a position to invest in new facilities.

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Leverage and Interest Rate Risk

This article is one of a series of financial management articles that will examine financial statements and financial analysis. There are numerous sources of risk in production agriculture.

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Leverage and Financial Risk

This article is one of a series of financial management articles that will examine financial statements and financial analysis.

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Equipment Lease Analyzer

This University of Missouri equipment lease analyzer is designed to answer 2 questions regarding leasing farm equipment. First it seeks to determine whether a lease or a purchase is more profitable and feasible from a cash flow perspective. Second it helps decide the annual contract hours for a lease.

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