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…

7 year-end tax planning tips for farmers

In the season of spending time with family and friends, year-end tax planning probably isn’t high on your holiday to-do list (perhaps it’s not even on the list yet!). While tax planning might not be the most exciting thing to do during the holiday season, it’s important to start tax planning as the year ends….

Ag Barometer Producer Results Soar

Ag Barometer Producer Prices Increase Soaring soybean prices, now at a four-month high, helped to push up the Purdue/CME Group November Ag Economy Barometer to 116, its highest level since October 2015. The barometer rose 24 points above the October low of 92 in the nationwide survey of 400 agricultural producers, according to the report released…

Now Gen and Next Gen need to be on the same page

Now Gen owners of family businesses owe it to the Next Gen to start the discussion of how the transition will occur, how it will be paid for, and when it will occur. Original post By Julie Bogle, Partner – Smith & Gesteland, LLP I recently had the good fortune of spending a few hours…

5 Key Steps to Successful Farm Transition

Tips for successfully handing your farm over to next generation by Chelsea Johnson Transitioning your family farming operation to the next generation of owners can feel overwhelming at times. You may be considering questions like: Where do I start? Do I need a lawyer involved? How do I make sure the farm stays successful through…

October Ag Barometer Results

Producers’ fading hopes for a turnaround in the ag economy pushed down the Purdue/CME Group October Ag Economy Barometer to its second lowest reading yet, according to a report issued Tuesday by Purdue University’s Center for Commercial Agriculture. The survey results came as the farm economy struggles with lower commodity prices and record crops. In…

Overtime Rules May Hit The Family Farm

Ready for Farm Overtime? New Labor Rules Hit Salaried Workers Who ever thought the family farm would have to worry about labor rules while they work hard to get the job done.  We thought this article from Northern Ag may be helpful. Agriculture’s 24/7 workload poses special issues for payroll. Most farmers assume they are…

Legacy Farm Plan From The Cloud

Planning for farm succession Increase the odds of creating a successful legacy by developing business transition plans. This article from Midwest High Plains/Midwest Journal points out the importance of careful planning to make a successful transition to the next generation. At least one out of five farmers doesn’t have a clue what will happen to…