Don’t let go of your vision, remember that it got you here – by Terry Betker
I suggest to farming families that they take time to look back at where they were five or 10 years ago and then compare that to the current state of the farm and family. Recently, I had an interesting communication exchange with a younger farm couple. They have a...It’s important to keep accurate track of grain inventory – by Terry Betker
It’s important to keep accurate track of grain inventory I remember kicking through the snow in the middle of winter, trying to find some decent-sized stones to throw against a granary when trying to figure out how much grain was in it. It wasn’t an exact...
Be ready to manage the ‘turn’ when the price spike ends – by Terry Betker
Be ready to manage the ‘turn’ when the price spike ends It’s bound to happen. Past experience indicates that it always has and, well, likely always will. It’s only a matter of time – being ‘when’ and not ‘if’. One thing we can’t know when it happens...
Financial management competencies important concept – by Terry Betker
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...