Many large corporations have made goals to become carbon neutral. To reach those goals, companies must lessen their emissions, purchase offsets or a combination of the two. This has led to a voluntary market for carbon credits in the U.S. where carbon, verified as sequestered, can be sold, thus providing opportunities for agricultural producers.

Now is the time to identify your current health insurance plan and decide to either stick with the status quo or change benefit plans. If you’re fortunate to be happy with what you have, then a simple re-enrollment works. If your operation has changed over the year – budget and payroll – you might need to re-evaluate your offerings.

It’s been said that people don’t leave bad jobs, they leave bad bosses. But I think there’s more to it than that. In my decades of experience, both in the office and on countless farms, people do leave bad jobs. They also leave bad environments, situations with high expectations and little guidance, and meager growth opportunity. This is true for all types of businesses, including agriculture.

I’ve been blessed to know many successful farmers, entrepreneurs and business leaders who always seemed to be a step ahead of the herd. What are the common threads among these folks? What core set of traits did they share? I came up with three traits and one overarching theme.

As harvest season approaches, you should have a good sense of your expected yields and the financial investments required to achieve them. To best prepare for next season, utilize this information with updated data on expenses and markets to calculate your true break-even point – defined as the value per unit where all expenses for the crop are covered by its revenue.

Winter weather which includes cold temperatures, ice and snow can lead to some additional hazards when completing your regular tasks at work – because of this, you must take extra precautions this time of year.

It pays to get the most out of farm meetings because animal well-being and productivity are usually involved. Whether discussing nutrition plans, health protocols, farm management strategies and more, our experiences point to one overarching factor that maximizes meeting time: preparation.

"If you don't drive your business, you will be driven out of business.” This quote is by B. C. Forbes, the founder of Forbes Magazine, and runs doubly true for farms and businesses with more than one key owner or leader.

It is time to stop guessing what everyone thinks, feels, wants and needs. Explore what stories your grandparents, parents and siblings are telling themselves about the future and transition of wealth on your farm. Ask Grandpa or Mom, “I’m just curious, what is the story you are telling yourself? Is this a scarcity mindset issue? How much is enough? Would you ask for the help of a financial planner to give you more financial security and certainty for your income streams as you age in place on this farm?”