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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.
Read More »Webinar Replay: The 5% Rule w/ Kristjan Hebert
In this blog post, we provide a replay of webinar we hosted with Kristjan Hebert on "The 5% Rule". In farming, small improvements to yield, price, and expenses can easily lead to 100%+ increases in your farm's profitability.
Read More »Find Your Grain Marketing "Strike Zone"
In this blog post, we talk about how MLB Hall of Fame player Ted Williams' hitting framework can be applied to your grain marketing. While grain marketing definitely has more variables involved than hitting, this is simple mental model that you can apply to your farm this year.
Read More »New Integration! Turn your Crop Budget into an In-Season Work Plan
You can now export your budgeted field activities from Harvest Profit into Operations Center’s Work Planner feature.
Read More »Are you a top 20% farm manager?
In this blog post, we discuss an article by Dr. David Kohl where he outlines the need for farms to have intellectual capital not just financial capital. We also look into what you need to do to put your farm in the top 20% of operations when it comes to intellectual capital/farm management factor.
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