Featured Post

3 Lessons on Farm Decision-Making From a Poker Champion

In this blog post, we share with you a video on probability-based decision making from professional poker play Liv Boeree. Her thoughts are highly applicable to farm management decision making, given the uncertainty involved with farming.

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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.

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An Ag Lender's Thoughts on Successful Restructuring

In this blog post, we revist an uncomfortable topic: farm foreclosure and bankruptcy. In particular, we get feedback from an farm banker on how to maintain a successful farm-bank relationship during tough times. A collaborative relationship combined with sticking to past plans is the path to achieving a mutually-benefical farm debt restructuring.

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Q&A with a Farm Restructuring Expert

In this blog post, we discuss an uncomfortable topic: farm foreclosure and bankruptcy. We'd be pulling wool over our eyes if we didn't face the fact that there are going to be plenty of tough conversations between farmers and bankers in the coming months and years. This blog post provides actionable advice surrounding farm foreclosure, farm restructuring, and farm bankruptcy.

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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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The Traits of the Top 20% of Farmers vs the Bottom 20%

In this blog post, we discuss a recent presentation that Dr. David Kohl gave on traits that he believes separate the top 20% vs. bottom 20% of farmers. We also add a few traits to his list.

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Cost of On-Farm vs. Commercial Grain Drying

This blog post calculates the cost of on-farm vs. commercial grain drying. Hint: on-farm grain drying typically offers a great ROI.

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Don't Rely on Crop Insurance as Price Protection

In this blog post we revisit the actual price protection provided by multi-peril crop insurance. In most instances, don't rely on crop insurance as a marketing tool.

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You Need a Statistical Framework for Farm Management Decisions

Farming is a business with a ton of uncertainty. Producers can't let this uncertainty hamper their decision making. One way to add structure to the decision making process is to use the statistical concept of expected value when evaluating farm management decisions.

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