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April 02, 2020 By Jessie Shoopman and Emily Carls
What?
What is budgeting? More specifically, what is budgeting for business management? Budgeting can be defined as the process of designing, implementing and operating budgets. Budgets can be used in a variety of ways when talking about agriculture production: cash flow analysis, capital purchase management, enterprise analysis, long-range strategic... |
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March 26, 2020 By Emily Carls and Jessie Shoopman
The two most common topics of producers are weather and prices. Both are vital to the success of an operation, but are also the most unpredictable part of a farming operation. Knowing the right time to sell grain and how much to sell can be stressful and frustrating. One way to minimize the risk in marketing grain is to know your breakeven price, or the price needed to... |
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March 25, 2020 A soybean seed is like a soldier, receiving very specific instructions on what things to do and when to do them. However, unlike a traditional soldier, a soybean seed must do this without hearing verbal instructions or seeing a demonstration of what it should be doing. All of the soybean’s actions—what to do and when—are pre-built into its DNA.
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March 24, 2020 Learn the steps for starting a grain marketing plan that works. Learning to evaluate your farm’s marketing plan the same way an investor looks at an investment portfolio will allow you to remove the emotional roller coaster of market shifts and world influences. This webinar will help attendees identify their farm’s individual break-even points, costs of production, and typical production levels to ensure producers maximize the opportunities... |
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March 23, 2020 This article was originally published on the farmdoc Daily website by Micah Pope and Steve Sonka. Precision agriculture has become mainstream in commercial agriculture production, and many would agree that it is “the way we farm today.” Utilization of technology varies... |
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March 23, 2020 This article was originally published on farmdoc Daily by Gary Schnitkey, Krista Swanson, Jonathan Coppess, Nick Paulson. Trade conflicts, prevented and late planting, and policy innovations have presented a difficult decision-making environment to farmers over the past several years. The... |