When you’re in the market to buy a used tractor or other piece of equipment, you’ll likely notice the differences in features between older and newer models as you look through sale listings. The good news is that despite all of these changes and the evolution of mechanized technology used in agriculture, tractors and other types of farm equipment are generally built to last. Older farm equipment that is well-maintained can be fully functional though it may lack more modern and important safety, comfort, or technology features.
Writing out a complete business plan is a time-consuming feat. Before you spend your time and energy writing a multi-page narrative, explore your ideas with a simple tool – the Lean Canvas. Adapted for use by startups, this simple one-page matrix can be a valuable tool to help farm entrepreneurs test a business idea in the context of nine key areas.
English | Spanish Cómo medir su cultura empresarial en la granja ¿Por qué utilizar una encuesta para empleados para medir la cultura? Las prácticas laborales sólidas orientadas a atraer, capacitar, retener y recompensar a los empleados deben reflejar una comprensión clara de las opiniones y experiencias de los empleados. La cultura agrícola representa “la forma en […]
Farms are Risk Filled Working on a farm is inherently risky—whether you are a family member on a small operation operating equipment or caring for animals—or a hired employee on a bigger operation performing more specialized jobs. Data from the National Safety Council and the U.S. Bureau of Labor statistics documents a per capita death […]
The place we are born can impact our culture—our behavior and how we view the world. People who come from different countries have different cultures; the more we interact with people from different countries the more we learn about our cultural differences and similarities. Understanding and valuing cultural differences is important to improving farm business culture.
Are you confused about what is printed on your milk check and what all the components are? Are you having difficulty reading your statement and knowing if the payments, particularly the premiums paid, are on par with what other producers are receiving. Learn where the numbers on your milk check come from and what they mean to your operation.
A common misconception in farm estate and succession planning is that federal estate taxes are among the biggest threats to getting the farm assets to the rightful heirs. However, we propose that the biggest threat to a farm estate getting to the rightful heirs is the owner generation’s lack of succession planning and not federal estate taxes.
As we all know, the month of January often brings thoughts of taxes and tax preparation. Gary will focus on issues specific to farm tax returns so those listening may gain a better understanding of what to think about regarding farm tax preparation and be able to ask better questions with their tax advisor.
A new year always elicits new resolutions, goals and plans for how to better our business, family and self. However, a quick google search shows that only 8% of Americans keep their resolutions throughout the year and 80% have failed by February. How can we become an 8-percenter in the new year?
It’s the most wonderful time of the year, right? Unfortunately, it doesn’t always feel that way. Learn some quick self-care tips to take care of both your mind and body during the holidays.
Negotiating is important for the success of any business, but it is especially critical during lean times. It may seem like common sense, but many times people let their emotions get the best of them and ignore their basic instincts. It takes homework, discipline, and street smarts to successfully make a deal.
During the farm succession process it is common for the owner generation and the successor generation to discuss a transfer of assets. However, a conversation about the transfer of management – which is important to the success of the farm succession – is often overlooked.
The monthly and annual spending plan worksheets located in the Cultivating your Farm’s Future workbook can be used to attribute expenses to the household and farm. In a farm succession, these worksheets can be used by both the owner and successor generation.
The monthly and annual spending plan worksheets located in the Cultivating your Farm’s Future workbook can be used to attribute expenses to the household and farm. In a farm succession, these worksheets can be used by both the owner and successor generation.
Stress is a double-edged sword. A little stress can serve as a constructive motivator, galvanizing us to action. Too much stress, on the other hand, can damage our health compromise safety and sabotage personal relationships. With the arduous and sometimes volatile conditions we see in agriculture, the risk of too much stress is alarming.
Sound employment practices geared toward attracting, training, retaining, and rewarding employees must reflect a clear understanding of employee views and experiences. The farm culture represents “the way things get done around here,” and it can be positive or present a challenge for employees. The culture on a farm may not be obvious or visible, but it is there.
When I was a little boy, I was intrigued by trucks, tractors and machines like any farm kid. I understood what the gas pedal was in my mom’s car and my dad’s pickup. But it took me a while to understand exactly what the throttle did on the steering column of our John Deere 4020 and how it controlled fuel flow. Understanding stress is similar — and for our health and the well-being of our loved ones and relationships, learning where to find the levers to “throttle down” the chemicals that fuel high levels of stress is crucial.
Determining a rental rate is not an exact science. Local demand and supply conditions, anticipated market conditions, and long-standing working relationships can have bearing on rental rate negotiations. Learn what factors to consider when setting a rental rate.
