I attended a high school class reunion a week ago. One of my classmates was pretty excited about recently winning $15,000 in a lottery draw and recounted how she had spent the surprise windfall. We all remembered another classmate who had won $1 million in a...
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 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 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...
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...
