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General Farm Management & Strategy

Strategic Positioning: Focus vs. Flexibility

The mantra of almost all strategic planning discussions and recommendations is that a company cannot be all things to all people – – it must be focused in its choice of customers and how it will create value for those customers.

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Strategic Decisions: You Can’t Always Be Right

No matter how well informed you are, how careful you have been in specifying the problem, how much data and information you have collected, how systematic you have been in the decision process, it is possible you will make a mistake – a wrong choice.

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Managing in Turbulent Times: Positioning to Capture the Upside, Buffer the Downside

Risk dominates the farming sector, and most farmers try to reduce or manage/mitigate the risks they take. Risk is perceived by most to be “bad” – – something to be avoided.

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Managing Your Farm Business in Tougher Times

The business climate for the farming sector is transitioning from a period of unprecedented prosperity, particularly for the grain sector, to a much less robust period. To help you navigate this new business environment, we’ve identified ten strategies for long-term success.

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2014 Farm Bill Questions​​

Recorded February 16, 2015 | Analysis of key decisions farmers and landowners need to make regarding their participation in programs available under the 2014 Farm Bill.

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Measuring Risk and Uncertainty

This article, second in a series of articles, described two risk measures, variability and downside risk, that are commonly used. Using a case farm in west central Indiana that produced corn and soybeans, variability and downside risk were higher for corn than for soybeans.

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Risk and Uncertainty

This series of articles will provide an introduction to risk and uncertainty, and discuss tools and strategies that can be used to mitigate risk and uncertainty.

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How Do You Win In Tough​ Times?

Recorded January 23, 2015 | ​Management strategies that you can put in place now to help your farm deal with the pressure of low profitability in the crop sector. Purdue Economists Michael Langemeier and Jim Mintert discuss the “Best in Class” strategies which will help position your farm for success now and in the years ahead.​

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What is Risk and Uncertainty

This article, the first in a series of articles, discusses the distinctions between risk and uncertainty. This distinction is very important when deciding the appropriate tools and strategies to use to cope with risk and uncertainty

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3 Ways to Manage Risk in Your Farm Business

Most people working in agriculture are in the business of commodity. And in the long run, in a commodity business, there is one absolute key to success. It’s pretty straightforward: be a low-cost producer. It can be difficult to make it happen, but necessary, especially in today’s volatile financial climate.

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