What’s the value of cropland in your state? Progressive Dairy provides its annual look at state cropland values, ranked by value per acre, as well as cropland rent per acre and annual rent as a percentage of average value.

We spend a lot of time talking about properly saving and investing money to ensure a happy retirement, but if you are not investing in your own health, what good is monetary wealth?

Over time, the strength and size of unified family assets create a competitive advantage over the farms that fragment their assets with each generation. I don’t believe many people set out to erode family assets, but it often happens by falling into some of these transition planning traps.

Now is the time to start early and take advantage of some strategic opportunities to save on taxes for both you and your family this year.

Proactively strategize with your dairy’s key stakeholders to maximize cattle marketability in case the time comes to sell the cows.

Lenders tend to put a lot of weight on the strength of the balance sheet and primarily appraise tangible assets to make our balance sheet flow. This helps to set sale prices and make lending work. 

Before buying more inputs or trying to get a better price for what you are selling, make sure to take time to invest in yourself and ensure you are the best manager you can be.