Finance-Accounting
As harvest ends, focus on next year’s crop planning by understanding break-even costs and budgeting inputs. This will boost profitability and enhance your negotiating power.
The hard-learned lessons of thin margins and financial potholes are worth heeding. Skip Klinefelter has absorbed years of uninvited turbulence and kept moving forward. He offers six tips for surviving tough times.
The new numbers show that net farm income will fall $6.5 billion or 4.4%. This is compared to projections released in February suggesting it would fall 26%.
FSA says these changes will increase opportunities for farmers and ranchers to be financially viable.
Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee provided several key insights into the current economic landscape and potential future monetary policy actions.
Since 2020, a series of black swan events in just a few years time resulted in sporadic product shortages and concern about how to react and plan for the future.
The latest Federal Reserve board meeting left interest rates unchanged, but there’s a subtle shift in its monetary policy Vince Malanga, president of LaSalle Economics, says should be noted.
John Maman of Nutrien Financial encourages farmers to revisit their financial plan now that the crop is in the ground and agronomic conditions can be assessed.
From understanding breakeven price per bushel to finding a mentor who persevered through the 1980s, Alan Hoskins with American Farm Mortgage and Financial Service shares pointers for a long, financially sound career.
Paul Neiffer reviews the important updates to the new Farm Bill proposals from the House Ag Committee.