Finance-Accounting
Knowing your cost of production allows you to make changes — you can’t improve what you don’t measure.
A Bushel online survey found a correlation between marketing satisfaction and understanding and use of cost of production data.
While ag loan balances are up, they remain in good shape with delinquency levels low.
Record, analyze and revisit how you evaluate opportunities.
New operating loans have interest rates double compared to 2021
Multiyear budgets provide focus and remove surprises.
To create a win-win relationship, stay focused on traits your lender appreciates—and avoid those that make your lender squirm.
Use this market rally to lock in profitable margins for this year and future years. That includes managing both the revenue side and the cost side.
As you settle in for lots of cab time this spring, be sure to add a new podcast to your playlist.
This business practice reduces employee expenses and optimizes asset needs.
This week Paul Neiffer has a conversation with Dave Nelson of Nelson Family Farms based in Fort Dodge, Iowa. Nelson is also co-owner of Ag Solutions Group.
You’ve taught your kids how to drive tractors, herd cattle and identify weeds. But have you passed on your money and management skills?
This week Paul Neiffer has a conversation with Roric Paulman of Paulman Farms based in Sutherland, Neb., which is in the heart of the Ogallala aquifer and the southwest portion of the state.
This week Paul Neiffer has a conversation with Dick Wittman and Cori Wittman Stitt. This father-daughter duo farm Lapwai, Idaho.
Paul Neiffer has a conversation with Ben Riensche, owner of Blue Diamond Farming Company. Riensche talks about the evolution of his farm, his growth strategy, farm investments, succession planning and more.
As planting season winds down, it’s time to review, update and forecast your farm budget.
For 2020, total farm lending was $98.6 billion, a slight decrease from 2019.
This week Paul Neiffer has a conversation with Kristjan Hebert, managing partner of Hebert Grain Ventures in Moosomin, Saskatchewan.
The concept and calculation of return on investment is pretty simple. Yet, it is often poorly defined and poorly understood.
Is your operation poised for financial stability?
The rural economy keeps chugging along, according to the Creighton University Rural Mainstreet Index. For the ninth straight month, the RMI has stayed above growth neutral.
Before you increase your fixed assets, define your goals and set limitations — in other words create a capital expenditure budget.
The Personal Consumption Expenditures (PCE) price index is a monthly measure of how much Americans are spending on goods and services. So far in 2021, the PCE has shown a sharp uptick.
Many farmers saw high profit opportunities in 2020 and 2021. But higher input costs are starting to eat into those positive margins.
This week Paul Neiffer has a conversation with former U.S. Rep. Collin Peterson (D-Minn.), who as the U.S. Representative for Minnesota’s 7th congressional district from 1991 to 2021.
Don’t let minor expenses take a big bite out of your profits.
For 13 straight months, the rural economy has posted healthy and consistent growth.
For 15 straight months, the rural economy has posted healthy and consistent growth.