Growing Your Farm Operation Through Diversification
For farmers seeking to increase their bottom line, diversification might just be the answer. In a recent article published by Successful Farming, author Natalina Sents offers some advice for farmers looking for new sources of income and investments. Complementary Ag Business – Consider what new business you could establish using the land and resources you […]
Strengthening Your Farm’s Financial Foundation
Running a successful farming business is no small task. In a recent article, Raylene Nickel offers some advice for increasing your financial strength and profitability. To start off, it’s important to develop a realistic picture of the efficiency of your current operations. Consider income streams, where you’re spending money, interest costs, living expenses, debt load, […]
Considering a GPS System for Your Farm? Ask Yourself These Questions, First
Are you considering investing in a guidance system for your farm? Before you make your decision about acquiring a precision GPS system, here are some things to consider: How much will it cost? Is the cost justifiable for your business? Will the value that the system adds make up for the cost of acquiring it? […]
Managers Must Learn to Adjust When it Comes to Leading a Millennial Workforce
Managing people is a challenging task. It’s made even more complex by cross-generational differences. However, in order to cultivate millennial workers in the agriculture industry, it falls to managers to figure out how best to lead them. In a recent article for AgWeb, author Jared Wareham offers the following advice in this area: Managers must […]
2019 Tax Season Strategies in Light of the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA) is a historic update to the U.S. tax code. As the 2019 tax season approaches, its impact will be felt by the vast majority of taxpayers. In a recent article for AgWeb, Paul Neiffer takes a look at how the TCJA will bear on the agriculture industry and […]
Section 199A Further Guidance: What It Means to Farmers
Section 199A is one of the more contentious areas of the Tax Cuts and Jobs Act. In response to speculation about what the items in Section 199A involve, the IRS released proposed regulations for further guidance. Author Paul Neiffer, in a recent article for Ag Web, offered a quick summary of the Section 199A Guidance, […]