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…

Ag Barometer Shows Post-Election Improvement

Post-Election Improves Monthly Ag Barometer Producer sentiment about the agricultural economy soared on the heels of November’s presidential election, according to the December Purdue/CME Group Ag Economy Barometer report released Tuesday (Jan. 10). The December survey results landed the barometer at an all-time high reading of 132—a 16-point jump from the November survey. The barometer…

AgWired Interviews AgCompass

The technology has been around for years now but there is still some confusion when it comes to cloud computing or hosted software solutions and who can benefit from it most. Ken Wedig, who was retired from John Deere after 30 years, partnered with Everett Chambers in 2003 to create AgCompass, one of the pioneers…