Business Management
Savvy producers should focus on improving financial strategies for better profits. Actions such as reviewing and updating business plans, and evaluating asset turnover rates can lead to lasting success.
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How to get those tough and tender conversations started – part two
Methods to approaching tough transition conversations have evolved over the years, and today the best way forward starts by knowing your motivation for farm transition.
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Anticipating and adapting to upcoming tax revisions
Insights on 2023 tax return changes and anticipated tax revisions post-2025, including adjustments to deductions, tax bracket and estate tax limits.
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Protect your mental health on the farm
Farmers face demanding conditions that can influence mental health considerations, highlighting the importance of a psychologically safe workplace, adequate sleep, nutrition and exercise.
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Change management: 6 lessons for adapting your mindset
Incorporating emotions into storytelling, developing a resilient mindset, understanding your purpose, working as a team, identifying pillars to live by and striving for excellence are six key takeaways from Col. Barringer’s presentation at the Pennsylvania Dairy Summit.
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Succession planning when one child wants the farm
Many parents find themselves in a situation where one child wants to farm while the others do not. This hypothetical explores one option to consider, while stressing the importance of early planning.
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3 steps to a smoother loan application process
Gather essential documents, comprehend the five C’s of credit and be proactive in submitting complete paperwork for a smoother and quicker loan application process.
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Succession planning: Incentivizing the next generation of family farmers
Ideas for encouraging reluctant heirs to the family business include a solid business plan, financial support, profit-sharing plans, incentive bonuses tied to performance and/or milestones, developing an ownership transition plan, mentorship, educational/training opportunities and strategies for work-life balance.
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How to address water rights in an agricultural transaction
Anyone dealing in agricultural real estate needs to understand and account for the status of water rights in their transaction, as water rights can make or break an agricultural real estate transaction.
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Managing common workplace distractions
Distractions are everywhere and this is no different for our employees. After just a simple distraction, it can take someone 15 to 20 minutes to regain focus. Check out some of the most common distractions and suggestions for addressing them effectively.
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