Emotional Issues are Make or Break in Farm Transition There are certain issues within the transition planning process that some families may find difficult. These issues may ultimately slow or stop the transition planning process altogether. Often referred to as soft...
Advancing Financial Management Competencies This is a time of year when many farms focus on the financial aspects of their businesses. The focus can be very wide ranging from getting financial statements back from accountants, to preparing information to file tax...
Well-defined plan allows farms to respond to challenges There are many aspects of being a consultant that are both interesting and highly enjoyable. You get to meet a great number of fantastic people who all have something in common … farming … and you get to find...
Since I was a kid and as far back as I can remember, I was always asked what my New Year’s resolution was. I remember one resolution and it was for “Saddam Hussein to get out of Kuwait.” I was 11. The Gulf War was all over the news – I kind of cringe at that one! As I...
Talk about debt when analyzing financial performance Debt is all around us. Consumer debt. Government debt. Many economists will comment that too much debt exists in those categories, depending on how they evaluate the debt and its associated historic trendlines. When...