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15
May

What’s inside the USDA Coronavirus Food Assistance Program

May 15, 2020

By: Chris Laughton

On April 17, the USDA unveiled details of the Coronavirus Food Assistance Program for agriculture, which includes $16 billion in direct support to agricultural producers and $3 billion to purchase and distribute agriculture products to Americans in need. Read a summary of these two main components.

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Posted In: Ag Economy

Tags: administration, ag expenses, community support, cost of production, crop expenses, dairy, fruit & vegetables, fruit production, legislation, livestock, market access, produce management, usda, vegetable production
11
Feb

The Importance of Liquidity

February 11, 2020

By: Chris Laughton

In the financial world, your cash position is referred to as liquidity, i.e. your ability to pay your bills. Liquidity is important to any agricultural business, yet it may have a heightened significance depending on what you produce, how long it takes you to produce it and how it’s sold or marketed.

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Posted In: Financial Management

Tags: ag expenses, ag revenue, balance sheet, business management, cash accounting, cash flow, farm finances, farm revenue, financial management, net worth
6
Aug

Overcoming Ag Labor Challenges: Implementing Technology

August 06, 2019

By: Kristie Matuszewski

With growing ag labor concerns nationwide, some operations are circumventing their labor needs by turning to mechanization. Learn how some operations are implementing technology to cut back on their labor demands.

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Posted In: Ag Economy

Tags: ag expenses, ag outlook, dairy expenses, dairy, employee management, labor, technology
21
Aug

Positioning for Financial Success

August 21, 2018

By: Chris Laughton

Every farmer, fisherman or forest product producer defines success differently. For some, success is measured strictly in dollars and cents: the “bottom line.” Others make non-financial goals a priority. Nonetheless, every successful producer shares a few key management and financial practices. Here are some practices recommended by Dr. David Kohl, an agricultural economist specializing in farm business management.

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Posted In: Business Tips and Tools

Tags: ag expenses, business management, collaboration, communication, efficiency, financial management, production, record keeping, taxes