Farm Business - General
Your crop insurance decisions are a key part of your risk management plan for this year.
China contains the largest population of any country in the world. All those mouths drive demand across the globe and for your farm’s products.
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.
The power of encouragement on your farm is massive, says Bob Milligan, senior consultant at Dairy Strategies.
You are likely making plans for seasonal help. If that team includes children or grandchildren, you might want to consider setting up a custodial Roth Individual Retirement Accounts (IRAs) for them.