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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.
Using farm financials to make informed decisions
Join Kevin Bernhardt, Extension Farm Management Specialist, and Katie Wantoch, Extension Farm Management Outreach Specialist, as they share financial tools and analysis methods to aid in answering these questions and making informed decisions.
Cost of production: How to calculate
Whether it is marketing decisions, best production practices, human resource management or technology adoption, a major piece of information for the farm business decision-maker is knowing the costs of production. Two major questions in determining costs of production are how to calculate and which cost of production.
Costs of production: Handy tool for marketing, finance, and farm management
There are many tools farm managers can use to inform their decision-making. One simple and effective tool for many farm management applications is breakeven costs of production. This is particularly useful in marketing decisions as the breakeven cost of production is the price needed to cover costs. If a profit goal is added to the breakeven cost of production, then the decision-maker knows what price will not only cover costs, but also a profit goal.
Demystifying the future farmer and planning ahead for a successful farmland transition
Productive farmland is an increasingly rare and valuable resource. Thinking ahead and having a plan in place for the legacy of the land is one of the most important decisions to make as a landowner. This article aims to “demystify” the new generation of farmers so that current landowners have a better understanding of who they are and ways we can make land more accessible to them for the benefit of everyone.
Agricultural conservation easements 101: Permanently protect your farmland and legacy
Protecting Farmland for the Future. Farmers invest a lot of time, money, and energy into their land and, when it comes time for retirement, they often worry that the land may someday be covered in asphalt. An agricultural conservation easement (ACE) can provide a retiring farmer with the assurance that the land will forever be available for agricultural use. An ACE is a permanent deed restriction that allows future farmers to continue farming the land, but typically prevents subdivision and non-farm agricultural development. An ACE may not be right for everyone, but it can be a helpful tool to consider when planning for the future of your farmland.