At Harvest Profit, we are big fans of The 5% Rule.
This philosphy orginates out of Texas A&M’s The Executive Program for Agricultural Producers.
In simple terms, if you can make 5% improvements to the following areas of your farm it can easily lead to 100%+ improvements in farm profitability.
In farming, hitting “singles” in each of the three ares above can generate Grand Slams for your farm’s profitability.
You can see more of our thoughts of The 5% Rule here.
We hosted a webinar with Kristjan Hebert where he discusses this and much more. See the replay below.
If you’re interested in webinars like the one above, we’ve listed links to some of our other webinar replays below.
We recently hosted a webinar with ex-professional poker play and author Annie Duke. Annie is the author of Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts. Her approach to decision making is highly applicable to the uncertain decisions you face on your farm.Read More »
In this blog post, we present a webinar that we put on recently that discusses how grain marketing is not a one-size-fits-all activity. We also discuss the role that different strategies, advisors, and farm management software can play in your overall grain marketing plan.Read More »
In this blog post, we present a webinar that we put on recently that highlights a framework for thinking about farm rent decisions. It's a mix of objective (numbers-based) and subjective (relationships/commodity price cycles/etc) analysis.Read More »