Division of Extension
For the past several years, Wisconsin farmers have faced a growing number of challenges that translate to high stress levels. As John Shutske, Extension agricultural safety specialist at UW-Madison, puts it, “We’ve had a long-term downturn in crop and milk prices which has hit our dairy sector particularly hard.” The low prices that have continued […]
Regular family money meetings can help divide the stress of the financial burden into more manageable challenges.
Business succession planning doesn’t happen on its own. Producers must intentionally focus on the planning and work with a team of professionals such as a tax specialist, attorney, financial planner, and lender. Family businesses in particular, should first recognize that family and business systems focus on different goals. A family farm inherently mixes family and […]
Regardless of the time of year, it is important for farm operators to spend some time in their office completing their least favorite activity – paperwork. Most farmers enjoy getting their hands dirty, from digging in the soil, repairing machinery, or working with livestock. They will reluctantly compile the necessary information for income tax preparation, credit borrowing, and crop reporting.
With economists at the U.S. Department of Agriculture predicting farm debt will reach a record high this year, Wisconsin agricultural leaders are warning farmers against the dangers of unregulated lenders.
Farming ranks as one of the most dangerous industries in the U.S. Stress, long hours and fatigue contribute to injury risk. Thus, proper safety precautions are essential for preventing such incidents.
