The Extension Farm Management Program provides research-based farm business management information, resources and decision-making tools to farmers and agribusinesses to improve business profitability and lifestyles through informed decision-making.
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Host Katie Wantoch and Jim Versweyveld, Agriculture Extension educator in Walworth County, discuss viability of a dairy farm and future retirement options for a farm couple.
Farms are busy workplaces with the potential for injury lurking around every bend. A proactive tool to guard against future mishap, and an important part of improving your overall farm safety culture, is “near miss” reporting.
When working through developing a plan to transfer management decisions it is important to realize that management decisions should be transferred incrementally.
In farming, sweat equity is a term that is loosely used to define how established farmers use payment of a commodity or capital assets to replace some of the cash wages for employees. Sweat equity is also the term sometimes used to compensate a successor for years of labor and management that helped build the owner generation’s wealth.
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