Family Financing: The Importance of Communicating During Financial Hardship
Regular family money meetings can help divide the stress of the financial burden into more manageable challenges.
Articles
Ten Things to Consider for Succession Planning
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 […]
The Importance of a Good Set of Financial Records
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.
Too Good To Be True: The Dangers of Unregulated Lenders
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.
Time Management
People who practice good time management techniques often find that they are more productive, have more energy for things they need to accomplish, feel less stressed and get more things done.
Communications
Explore how to listen for and respond to each other’s different perspectives to deepen the understanding of the issues at hand and help guide decision-making.
Relationships
What are bids for connection and why do they matter in building and maintaining a healthy relationship?
Financial Well-Being
Explore ideas to finding your own path to financial well-being.
Balancing Act OR Is It a Three-Ring Circus
Tips and ideas to restore harmony and reduce stress in your life.
Top 10 Farm Safety Tips
Farming ranks as one of the most dangerous industries in the U.S. Stress, long hours and fatigue contribute to injury risk. When we confront several stressors at once, we may become distracted, and this distraction can cause errors that lead to serious or fatal incidents, such as tractor rollovers or entanglement in a fast-moving machine. Thus, proper safety precautions are essential for preventing such incidents.
Assess your Farm Business using a SWOT Analysis
Strategic thinking helps farm businesses make decisions by thinking ahead, visualizing potential problems, and finding solutions. A comprehensive SWOT analysis helps a farm respond to opportunities and threats by taking advantage of their strengths and weaknesses. Developing realistic strategies and goals helps the farm adapt and make proactive decisions.
