How to keep up in the high-tech future of farming

As in every industry, technology is playing an increasing role in efficient farming operations. While technology can make your life easier, it can be hard to keep up with all the new best practices and tools that can help your business thrive. When you’re running a busy operation, reading your newest equipment manual probably isn’t…

FARMERS MORE UPBEAT ABOUT CURRENT AG ECONOMY, BAROMETER REPORTS

FARMERS SEE CURRENT CONDITIONS AS BETTER THAN THOSE IN THE FUTURE. Article contributed by: David Widmar at Successful Farming As they prepared to go to the field, U.S. farmers carried with them a slightly higher level of optimism about the agricultural economy, according to the latest Ag Economy Barometer. The sentiment reading tool indicates that farmers…

Applying the lessons of precision agriculture to farm accounting

The benefits of precision agriculture are familiar to most farmers. With GPS technology powering specialized software and field equipment, you can make nuanced decisions about your field operations, saving you time and money. But what many farmers don’t know is that the same principles of precision agriculture can be applied to managing farm finances. Don’t…

Ag Barometer Webinar – March 2017

The Purdue University/CME Group Ag Economy Barometer slipped to 124 in March, marking the second month in a row that producer sentiment dropped below the prior month’s level. Recent weakness in the Barometer – which is based on a monthly survey of 400 agricultural producers from across the U.S. – followed a sharp improvement in…

Is accrual accounting better for your farm business?

Rethink Your Farm’s Financial Management From Farm Futures magazine featuring AgCompass partners John McNutt with Latta Harris LLP and Lance Fulton with Foreland Ag. Article written by: By Larry Stalcup You’ve taken advantage of better seed, better crop protectants and other technology to produce bin-busting yields. It looks like a great year. But without an expert…

In today’s farming operations, efficient machinery is crucial

Whether it’s a flat tire or a slow computer, equipment that isn’t up to speed will slow you down and cost you money. As you prepare for the spring season, take the time to make sure your equipment is well maintained and ready to go – and make sure you are ready to take full…

Dramatic Improvement Shows On Ag Barometer

‘Barometer’ measures farmers’ growing optimism A national poll, gauging the sentiments of U.S. farmers, shows a dramatic improvement in their optimism, with polling numbers reaching record highs. The Purdue-Chicago Mercantile Exchange (CME) Group’s “Ag Economy Barometer” showed that agricultural producers had a much improved outlook following the November election. The recent monthly update of that…

Conducting Farm Insurance Reviews

Small Business Checkup: Make sure you have the insurance you need You get physicals at the doctor’s office. Your car gets regular oil changes. What kind of checkups do you give your business? One important aspect of your business to regularly review is your insurance policies. Annual insurance checkups help protect your business from unexpected…

Ag Barometer Surges in January

New administration and improved commodity prices boost producers’ mood The dramatic improvement in agricultural producers’ sentiment that started following the November election has continued into the new year, according to results from the newly released “Purdue/CME Group Ag Economy Barometer,” which showed that agricultural producer sentiment in January hit a record high for the second…

5 Keys to Agricultural Small Business Success in 2017

5 Keys to Agricultural Small Business Success by Chelsea Johnson Many people start the new year with personal resolutions to improve their lives and health: why not set resolutions for your small business? Whether you are looking for ways to improve your existing operation or starting your very first business, you are facing an exciting…