Taxes and Finance
In theory, adding a value-added enterprise sounds like the perfect reaction to fluctuating commodity prices.
Inflation is exceptionally difficult to tame, says Chip Flory, Farm Journal Economist and “AgriTalk” Host: “To tame it, you have to kill it. If you kill it, you kill the economy, and it sends you into recession.”
The Federal Open Market Committee’s (FOMC) inflation target is 2%. Yet in February the rate, which is the measure of general price trends throughout the economy, was 6.4%.
Need a good conversation to fill some tractor or road time this spring? Listen to “The Farm CPA Podcast” with Paul Neiffer.
Collect and analyze the best financial data to aid decisions on your farm operation.
Think about how your farm has grown in size and scope over the past decade. Has your financial reporting followed suit?
See how rising costs impact you and your family.
For the first time since September 2020, the rural economy is showing signs of weakness.
The Top Producer of the Year Award recognizes producers who demonstrate excellence in the business of farming, including marketing, farm finance, family and employee relations, technology and environmental stewardship.
Be ready for a big profit swing for 2023 — to the downside. The 2023 Illinois Crop Budgets released by the University of Illinois show a clear trend of higher costs and lower returns.
How do farmers survive and thrive in farming today? Steve Pitstick shares some strategies he’s employed over the decades.
Brendan and Elaine Martin are building their dream farm — one piece at a time.
For a fifth straight month, the rural economy has posted signs of trouble. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
The 2023 Executive Women in Agriculture Trailblazer Award will be given to a female producer who is a shining example for her peers.
The Tomorrow’s Top Producer Horizon Award will be given to a producer under the age of 35, who demonstrate excellence in the business of farming.
For 2023, make expanding your business edge a priority by joining Top Producer at its annual Top Producer Summit.
For the sixth time in the past seven months, the rural economy has posted signs of weakness. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
Profitable farmers create financial habits that separate them from others. These habits, consistently applied through the years, add up, and the results are evident.
For a sixth consecutive month, the rural economy has posted signs of weakness. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
“Most farms don’t have the time, capabilities, perspectives, resources or desire to do all the tasks it takes to run an operation,” says Steve Kluemper, AgriStrategies LLC founder. “A lot of growers hire to fill gaps.”
In just a few years the farm financial pendulum swung from shaky to stable, according to the 2022 Agricultural Lender Survey report by the American Bankers Association and Farmer Mac.
For 2023, make expanding your business edge a priority by joining Top Producer at its annual Top Producer Summit.
At Seven Springs Farm in Cadiz, Ky., the calculator drives decisions. With acute focus on ROI, Joe Nichols has expanded and contracted his farm’s size and scope through the years.
With higher interest rates the new norm, it’s time to assess your debt structure and interest rate risk.
Since their inception in 2014, you’ve been choosing between Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). You have until March 15 to make your choice this year.
The rural economy seems to be set on cruise in neutral gear. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
The sources of stress and uncertainty for the season ahead are plentiful. When uncertainty is plentiful, so is decision paralysis. To play offense and face the biggest risks to your farm, use this decision framework.
In 2022, the average interest rates on farm loans skyrocketed from record lows to decade highs. While that jump is remarkable and expected to continue, a little perspective is needed.
“Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate,” says American investor Warren Buffett.
Economic growth is stalling in rural America. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.