Featured Post

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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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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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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New Software Feature: Custom Crop Shares

In this blog post, we show you a new feature we added to Harvest Profit's farm management software: custom crop share structures. This feature allows you to create custom structures and view the impact on your field-by-field profitability.

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Webinar Replay: Basis Contracts - The Good, The Bad, and The Ugly

We recently hosted a webinar to discuss basis contracts as a part of a farm's grain marketing plan. They are a valuable tool but can lead to unfortunate outcomes if not managed correctly. Watch our replay, to see what conditions to watch out for when evaluating basis contracts.

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Podcast Interview: Being a Small Fish in a Big (AgTech) Pond

Harvest Profit's founder, Nick Horob, was interviewed on the Future of Agriculture podcast recently. On it, Nick and the host discuss the current state of AgTech, what it's like to self-fund a farm software business, and what does Randy Dowdy know about growing corn in Minnesota!

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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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Be Cautious With Exotic Grain Marketing Contracts

In this blog post, we discuss the dangers of exotic grain marketing contracts. They often sound great on the day they are presented to producers but they come with a lot uncertainty. This uncertainty can lead to producers passing up profitable grain marketing opportunities. Remember, there's no free lunch in grain marketing.

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