Business values influence the farm’s goals and priorities. It is important to be able to recognize differences in the values of owners, stakeholders, managers, and other key personnel and have a process through which each is willing to compromise if necessary, to arrive at mutually acceptable goals and decisions.
Strategic thinking is the intuitive, visual, and creative process you use to make decisions about your farm business. Strategic thinking is all about thinking ahead, anticipating what your competition is going to do, and then taking risks to succeed.
If you are enticed by the potential of a value-added enterprise, then three potential steps to start with tomorrow after breakfast. One, find the stick and hit yourself over the head until you are ready to do your homework. Two, take time to learn more about value-added agriculture enterprises. Three, don’t go it alone. In every state there are people and organizations that stand ready to assist.
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.
The University of Wisconsin-Madison Division of Extension invites you to explore our collective capacity to serve Wisconsin’s HMoob farmers and contribute to a sustained presence of the HMoob farming community as an important part of Wisconsin agriculture and healthy food access. Participants of this winter meeting series will share experience, knowledge, and goals for improving […]
Host Katie Wantoch and Ryan Sterry, Professor and Agriculture Agent with Extension in St. Croix County, discuss items to consider when renting additional farmland along with completing an enterprise budget.
The Wisconsin Farm Succession Professionals Network bring educators, agencies, and service professionals together to build knowledge and skills and to discuss coordinating efforts in farm succession to better serve the Wisconsin agriculture community.
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. Having a framework of when management decisions will be transferred will give both the owner and the successor generations peace of mind.
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.
In farming, sweat equity is a term that is loosely used to define the practice of using a commodity or capital asset to replace some of the cash wages for employees. Often times farms do not know how to document sweat equity as a payment for wages.
Host Katie Wantoch and Ben Jenkins, Agriculture Extension educator in Green Lake County, discuss a farmer and his son who are considering buying a new chopper and how to cash flow this purchase.
Host Katie Wantoch and Simon Jette-Nantel, former Assistant Professor at UW-River Falls and Extension Farm Management Specialist, discuss whether a land purchase is a profitable acquisition compared to other retirement investments for a farm couple.
Tools are available to help corn growers and dairy and livestock producers negotiate a fair price for corn silage.
Host Katie Wantoch and Kaitlyn Davis, Extension Agriculture Educator in LaCrosse County, discuss if a farmer and his son should prioritize paying down debt this year instead of replacing some equipment.
Each summer, dairy farm producers and their employees work through days of extreme heat and humidity – often starting in May or June and continuing into September. While we certainly need to protect our dairy cattle during these hot days, it is also an important time to be conscious of how to protect ourselves and our dairy farm workers during summer heat.
Host Katie Wantoch and Richard Halopka, Extension crops and soils educator in Clark County, discuss the advantages and disadvantages of a farmer purchasing locally grown hay or hay from western states.
