2023 was a challenging year for wood products markets. Rising interest rates hampered demand while capacity ramped up across the south. Paul Jannke, a forest industry expert with Forest Economic Advisors (FEA), recently presented his perspective on the region’s forest product markets and economic outlook.
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In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.
April 11, 2024
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Understanding your milk check is a crucial piece to your operation’s revenue and risk management strategy. Milk checks vary between cooperatives and who you sell your milk to, but breaking it down by how the line items on your check are calculated can help you determine your mailbox price and what you are paid.
March 07, 2023
One of the biggest economic stories of 2022 was inflation — particularly with respect to energy, food and housing. What does 2023 look like? Christopher Wolf, PhD, Cornell University, gives a recap on the dairy industry in 2022, as well as an outlook for 2023.
February 13, 2023
Managing a successful dairy farm means managing a lot of information. One of the things we work with clients on is collecting numbers from your farm, comparing those metrics to industry aggregates, and helping producers understand what that comparison means. Learn the nine numbers we talk to our consulting clients about.
September 12, 2022
Whether you're planning for a banner year or bracing for the worst, the main factors in any business are planning and communication. Farm Credit East Business Consultant, Ethan Robertson, gives some specific examples of planning for the year ahead, as well as succession planning for further into the future.
March 22, 2022