Articles
Farm Management Articles
Research-based information and tools to help with your farm business management decisions
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Mentorship for underserved entrepreneurs
Entrepreneurship supports the overall higher GDP for cities and counties, and it’s an opportunity to support underserved and marginalized populations to get out of poverty and reduce their dependence on welfare. Entrepreneurs tend to also be able to provide a lot of innovative products as well as services. Often they will fill niches that may not exist in the community, such as ethnic grocery stores.
DuPont System for Financial Analysis
Having financial statements (balance sheets and income statements) is a first step towards financial management decision-making. However, it is the next step that makes a difference in future profitability and that is analyzing the financial story being told by the financial statements and making decisions on where to spend management time to improve future profitability.
DuPont System for Financial Analysis
Having financial statements (balance sheets and income statements) is a first step towards financial management decision-making. However, it is the next step that makes a difference in future profitability and that is analyzing the financial story being told by the financial statements and making decisions on where to spend management time to improve future profitability.
First impressions matter: The importance of new hire onboarding
First impressions matter! Consider the welcome your farm is giving to new hires on their all-important first day at work. Join Jim Versweyveld, Farm Management Outreach Specialist to learn valuable employee onboarding tips. Improve the retention odds on your farm by putting a plan in place to improve the employee onboarding experience. First impressions matter
Is this business idea feasible? Budgeting Quick Tips
The first step in determining the feasibility of a business idea is objectively defining what success looks like, preferably using measurable numbers. Unsurprisingly, time and money tend to be most people’s biggest constraint.
Resource page for farmers, farm families, & farm workers
Every day, farmers and farm families face financial challenges, demands of the job, and changes outside of their control that impact their lives and livelihoods. Market volatility for inputs and outputs, access to labor, challenging weather conditions, and the pressure to grow and modernize are underlying drivers of this occupational stress.
Working together to address farmer well-being and mental health
Every day, farmers and farm families face financial challenges, demands of the job, and changes outside of their control that impact their lives and livelihoods. Market volatility for inputs and outputs, access to labor, challenging weather conditions, and the pressure to grow and modernize are underlying drivers of this occupational stress.
Making farmland transitions options available to landowners
Join Kaitlyn Davis, Agriculture Outreach Specialist, Mia Ljung Community Development Educator for Outagamie & Winnebago Counties, Alison Volk Land Protection Projects Deputy Director for American Farmland Trust and Bonnie Warndahl Land Access Navigator as they discuss alternative ways landowners can transfer their land, protect their legacy, and provide opportunities for the future farmer. The “Making […]
Building a relationship with your lender
Dairy farmers have experienced strong prices this last year, though rising input costs may have tightened cash flows. Hopefully, dairy operations are entering this new year with a strong working capital position and have adequate liquid assets available in the short term.
Strategic thinking
Take the next step by Establishing Your Values and Purpose – Strategic Thinking for the Farm Business Getting Expert Advice When Starting a Farm Business Set Your Farm Strategy with Daily Habits What is Strategic Thinking? Extension Food Business Development
Tax planning for farmers receiving loan servicing assistance
The new year often brings thoughts of income taxes and tax preparation. Some farmers might have received a loan servicing assistance payment if they were experiencing certain types of financial distress.
How do you manage and utilize information shared in an agricultural market outlook?
Join Leonard Polzin, Dairy Markets and Policy Outreach Specialist, and Brenda Boetel, Extension Agricultural Marketing Specialist, as they discuss how to effectively glean and utilize information provided in market outlooks. The Extension Specialists will share how to recognize the facts that are the most influential to your farm’s bottom line and how to use those […]
Manage and utilize information shared in an agricultural market outlook
Throughout the year, farmers have opportunities to listen to agricultural market outlooks. However, utilizing the information from an outlook, such as a historical perspective on production and yield, current marketing trends, and future weather patterns, may be challenging for a farmer to adopt for their farm business.
Wisconsin Agricultural Land Prices 2022
This report provides a statewide overview of agricultural land values across Wisconsin based on a statistical analysis of actual sales and now includes the weighted average price of agricultural land sold in Wisconsin.
Trauma & Recovery
Trauma is often thought of as a one-time event that was “traumatic” to the person(s) involved in the event. However, trauma can come from so much more than just a one-time event.
Costs of production: Which costs of production?
Pick up any farm magazine or listen to any farm podcast and it won’t be long before the phrase “Costs of Production” comes up. Knowing costs of production is an important piece of management information and vital in many farm management decisions. Yet, as obvious as it sounds, pop open the hood and the messiness is revealed.