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Connecting Working Capital and Grain Marketing
In this blog post, guest author Cullen Wilson discusses the importance of working capital the need to track it regularly on your farm. Tracking working capital enables a different metric to judge your grain marketing and can be an effective "trigger".
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Connecting Working Capital and Grain Marketing
In this blog post, guest author Cullen Wilson discusses the importance of working capital the need to track it regularly on your farm. Tracking working capital enables a different metric to judge your grain marketing and can be an effective "trigger".
Read More »No Regret Crop Marketing: 3 Mindsets to Reduce the Emotion of Regret
In this blog post, guest author Cullen Wilson discusses how to fight the always present emotion of regret when making grain marketing decisions. He focuses on how you can apply the work of Nobel Prize winner Daniel Kahneman to help you overcome the impact of regret.
Read More »Six Steps to Better Farm Bookkeeping
In this guest blog post, Kris Hauswirth discusses some tips to help you manage you farm's bookkeeping and accounting. Farm accounting shouldn't simply be a task, it should be a farm management decision tool. But it tends to get put on the back burner. Check out these tips to get the most out of your farm accounting.
Read More »Don't Let Sunk Costs Sink Your Farm
In this blog post, we discuss a key farm management concept: sunk costs. When making management decisions, you need to focus on your forward looking return on investment. Always remember that you can't change the past, you need to look forward to maximize your farm's profitability.
Read More »Liquidity is King in Farming
Working capital (and liquidity in general) are very important in a commodity business such as farming. Farmers need to constantly evaluate their balance sheets to prepare for the inevitable cyclical downturns. Liquidity is king!
Read More »Tough Cash Rent Negotiations and Decisions
This blog post walks through a cash rent negotiation framework and analyzes a tough hypothetical cash rent decision.
Read More »It's True, The Market Doesn't Care About Your Farm's Breakeven
In this blog post, I discuss how "the market" doesn't care about your farm's breakeven. I dig into why you should ignore that statement when making management decisions on your farm.
Read More »33 Sources of Crop Cost of Production Data
Tracking, measuring, and optimizing your crop's cost of production is key for any farm business. In this post, we list many different sources of crop cost of production estimates for individual states and provinces.
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