As President-elect Trump prepares to take office, there has been speculation about who he might pick for Secretary of Agriculture. It has been noted that Sonny Perdue, the former governor of Georgia, is a strong contender.
As far as policy goes, Farm Futures has some insight: “The U.S. is a major exporter of crops and …
Measuring operational profitability is a complex process. AgStar’s Lori Teigin shares some insight into this process. Here are some of the factors involved in calculating profitability:
Accrual: Teigin explains, “From a lender’s standpoint, accrual analysis, not cash, is the best way to look at how your business is performing.” (She goes into greater detail …
It’s estimated that 20% of U.S. farms do not have a next generation who will take over. That means these business owners have begun to consider partnering with non-family members. Agricultural expert Dr. Dave Kohl has some advice for this process:
Make a list of business, family, and personal goals. What do you hope …
Building on the success of corn mazes and pumpkin patches, farmers are finding new ways to bring visitors from the city out to their farms.
“One of the unique things about this whole idea of agritourism is that it’s an interface between agriculture and the urban population,” says Idaho grower Jim Lowe. “You’ve got to …
Earlier this month, industry leaders met during the U.S. Soy Global Trade Exchange to discuss the foodie phenomenon, and how to market to this consumer. The keynote speaker defined a foodie as “someone who considers food a key hobby and is socially active in discussing those subjects.” Foodies had been the subject of much …
As a business owner, you are always thinking of how to grow your operation and efficiently manage it. Successful producers share some tips with younger farmers who want their business to thrive.
Develop strong relationships. Every business is built on relationships, no matter what industry. This means within your operation, as well as with …
The FAA updated rules for commercial drone use. This has caused headaches for some industries, but fortunately, the new rules shouldn’t be much of an inconvenience for agricultural use. Here’s what you need to know about using drones on your farm:
You don’t need a pilot’s license. You’ll just need to pass a test …
Summer is here, and kids are out of school and looking for jobs. Your own children are exempt from most laws regarding hazardous work, but here are some quick tips that can guide you in hiring other youth. Safety is always the first priority, so take into account each child’s size, physical strength, and …
