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Tips to Diversify Your Farm Operation

April 1, 2014

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The following information is a Web Extra from the pages of Top Producer. It corresponds with the article "About-Face." You can find the article in Top Producer’s Spring 2014 issue.\

Read these articles to learn more about how farmers are diversifying to remain in production agriculture.

 

Hope in a Glass Bottle

September 30, 2013
By: Catherine Merlo, Dairy Today Western and Online Editor
Root-beer flavored milk? A California dairy tries its hand at bottling and selling its own milk. Read more.


Branching Out Into Walnuts

January 24, 2014
By: Catherine Merlo, Dairy Today Western and Online Editor
About 15 miles north of Melvin Simoes’ farm, Tipton dairy producer John Mendonca is two years into an expansion into walnut production. His dairy milks 600 cows and is home to 500 head of support stock. Read more.

 

Time to Diversify?

January 8, 2014
By: Ed Clark, Top Producer Business and Issues Editor
With a $4-something outlook for corn prices for the near future, now might be just the time to consider diversifying your operation and making alter¬native investments. Not having all your eggs in one basket can spread risk and balance out future income streams. Read more.


Diversify Our Risk

November 26, 2013
By: Jon Patterson, Auburn, N.Y. (Jon Patterson’s dairy milks 1,100 cows on a farm that’s been in the family since 1832.)
I don’t have the stomach for risk like some. Being the sixth generation, the thought of having the farm go down on my watch is always present in my mind. Read more.


Diversify Your Portfolio

November 14, 2012
By: Ed Clark, Top Producer Business and Issues Editor
Think long and hard about your reasons for buying a neighboring piece of farmland, even if you can swing the deal. Does the investment enhance your financial portfolio? Read more.

The Bottom Line: Diversify to Ride the Cycles

March 30, 2012
By: Moe Russell, Farm Journal Farm Journal columnist
We’ve all done it. Someone recites an old nugget of wisdom and we grin and marvel at those wise souls that trod the ground long before us. They’ve been there and done that. "Don’t put all your eggs in one basket" is a favorite. We all know that peaks in the commodity production business are short-lived and prices will level out. So how can you maximize your bottom line when a large chunk of your resources has stalled? Read more.

 


 

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FEATURED IN: Top Producer - April 2014
RELATED TOPICS: Top Producer Web Extra

 
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