Host Katie Wantoch and Lyssa Seefeldt, Extension Dairy and Livestock Educator in Eau Claire County, discuss a farmer and his wife who are looking for advice on next steps for their dairy farm and timing the sale of their cows.
Weber Farms, a 6th generation Wisconsin Century Farm is located in Marshfield, WI and since 1904 it has been delivering the finest, freshest dairy products from their Holstein cows for six decades.
The landlord and tenant need to discuss improvements and repairs of the property before the lease begins. There is no right answer as to who should pay for what. A written lease detailing the responsibility of each party and agreeing to these items ahead of time will make the landlord-tenant relationship less troublesome.
Leases play an important role for over 22,600 farms in the state. Yet many farm landlords and tenants are unfamiliar with the components of a lease and the landlord/tenant relationship.
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.
Host Katie Wantoch and Simon Jette-Nantel, former Professor at UW-River Falls and Extension Farm Management Specialist, discuss when is the right time for a farmer and his son to purchase the neighbor’s land and how the purchase will affect the farm’s cash flow.
Host Katie Wantoch and Kevin Jarek, Extension Crops, Soils, and Horticulture Agent in Outagamie County, discuss options to help boost a farmer’s forage inventory for this year.
Host Katie Wantoch and Stephanie Plaster, Agriculture Educator in Ozaukee and Washington counties, discuss a farmer and his son who are finally making money on their dairy farm and share steps to assist them in catching up on outstanding bills.
The Manure Value Calculator spreadsheet is available to calculate the value of manure nutrients.
The reduction in stress is a significant benefit of being a “good boss.” Then there’s the fact that well-trained employees take better care of cows and equipment.
Recent farm succession research by UW-Madison Division of Extension educators indicates that the division of assets for inheritance is a common tension around farm succession planning. In some cases, the tension can be so great that the owner generation avoids making a decision until it’s too late. This is the third of a 3-part series about fair vs equal distribution of farm assets.
The best way to divide farm assets is a challenge that farm families face with each generation of owners. The fear of upsetting one’s children often causes parents to divide farm and family assets equally among all heirs. This is the second of a 3-part series about fair vs equal distribution of farm assets.
Host Katie Wantoch and Simon Jette-Nantel, former Professor at UW-River Falls and Extension Farm Management Specialist, discuss whether a farmer should offer to rent his neighbor’s farm land and at what rental rate.
Host Katie Wantoch and Liz Binversie, former Extension agriculture educator from Brown County, answer a question from a high school senior inquiring about a future career in agriculture and their next steps.
Long-term farm economic viability is the product of three parts – performance, capacity, and resilience. Performance is an efficiency measure, the ability of the farm business to create profit margins per unit of production. Capacity is whether there are enough production units (acres, cows, etc.) that when multiplied over the profit margin will cover debt service, asset maintenance and replacement, retained earnings and family living. Resilience is the ability of the business to take a punch and bounce back to normal operations.
Host Katie Wantoch and Lyssa Seefeldt, Dairy and Livestock Agent in Eau Claire County, discuss a farmer and his son who are breeding the bottom half of their dairy herd to AI beef bulls and things to consider on this new enterprise.
Host Katie Wantoch and Jenny Vanderlin, Associate Director of the UW Center for Dairy Profitability, discuss whether a farmer should refinance his loans and tips for communicating with his ag lender.
The farm financial model offers a linear and circular process for informed decision-making. Records feed into reports, and reports help farmers integrate financial sense into farm production decisions.