Share |

Content about Finance

March 14, 2013

Everyone will die and they will have things they want to have happen with their estate. Do you have a plan?

Agricultural Estate & Succession Planning - Brent and Connie Haden - Law Firm of Haden & Byrne, LLC [link], from the 2013 Missouri Pork Expo, February 13 - 14, 2013, Columbia, MO, USA.

March 5, 2013

Working on the idea of dying is not something people "love" to do, but planning now helps alleviate the loss later.

There are many options when it comes to planning a transition of a farm businesses from one generation to another. Not all the options are obvious and some items, if not thought through, can complicate matters for all involved.

Connie and Brent Haden, attorneys with Haden & Byrne, outline many of the tools to help families transition farms and businesses. These tools include: revocable trusts, will, power of attorney, health care directive, irrevocable trust, business entity, lifetime gifts, and insurance.

March 5, 2013

Can we predict the future with weather, crops, and economics? No, but we can get a sense of direction.

Show Me the Money: Economic Outlook - Dr. Steve Meyer, President of Paragon Economics, from the 2013 Iowa Pork Congress, January 23-24, Des Moines, IA, USA.

February 18, 2013

The word subsidy lumps many forms of agriculture support into one word when it is really many types of support.

Subsidies are a component of agriculture monetary flows in pretty much all developed countries around the world. The reasons for having a subsidy varies, though many types of subsidies are in place to help guarantee some form of payment for an agricultural crop in the event of a disaster, poor market prices, or foreign competition.

In the United States, subsidies tend to be lumped into a single term but there are actually several different kinds of subsidies.

March 27, 2012

What is Smithfield Foods up to?

Dr. Steve Pollman, Murphy Brown, provides a market summary of Smithfield Foods, how it compares with other swine producers, what some of their issues are, and where Murphy-Brown fits.

March 12, 2012

Dairy farms' reliance on fixed feed cost inputs and milk price outputs are long over. Dairy farming technology in genetics, nutrition, and milk production have come along way. Yet dairy revenues for many farms are flat on a per hour basis. What are some other revenue generating opportunities?

The dairy industry is different. The reality is that set milk and feed prices are a thing of the past and many dairy operations need to approach revenue with a new look. Fulper dairy farms, in upstate New Jersey, is tackling what were perceived negatives and turning them into positives with revenue generation potential.

One of their negatives turned positive? Land. The land prices in their region is expensive because it is so close to New York City (about 90 miles). But that negative turns out to be a revenue generating positive. New Yorkers want farm fresh food and being close means dairy products like cheese have more value in the city.

February 13, 2012

What are the trends animal agriculture needs to stay on top of?

How will the pork industry fare in 2012? Dr. Steve Meyer says 2012 has five key issues to keep an eye on: exports, U.S. Demand, feed prices, hog/pork supplies, and packing capacity. Steve also highlights the relationships between crops and costs.

Total feed supply is going down. This means we either get more efficient or we get smaller.

February 3, 2012

What is the environment for agricultural financing?

AgStar's Paul DeBriyn says there's no shortage of money for those that can show good risk management and marketing skills. He provides thoughts on industry financing and looking at the strength of agriculture's balance sheet.

January 28, 2012

What are some approaches to managing profit margin risk?

Strategies to Manage Profit Margin Risk - Dr. Corinne Alexander, from the 2012 Indiana Farm Bureau Young Farmers Conference, January 27-28, 2012, Indianapolis, IN, USA.