Management
Following a few turbulent years that included a pandemic, rapid inflation, rising interest rates, a supply chain meltdown and high input costs, agriculture is hoping to find softer soil as it marches through mid-decade.
Leading financial experts underscore the importance of farmers understanding the do’s and don’ts of a Line of Credit that will help producers during the downside of the rollercoaster markets they have gotten to know.
Knowing your cost of production allows you to make changes — you can’t improve what you don’t measure.
If your available labor pool seems to be getting more shallow, Rachel Beardsley, partner at Fragomen, an immigration law firm, says ag business managers can think more creatively.
“It’s likely managing a slimmer margin in production agriculture will be closer to the 1980s than the 2010s.”
Collaborative farming arrangements cut costs and create synergies
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.
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.
For 2020, total farm lending was $98.6 billion, a slight decrease from 2019.