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…

Upcoming Event: Red Wing Software Training

Learn From Our Partner Learn everything you need to know to work efficiently and improve your day-to-day skills in your accounting and payroll software. You will find ways to save time and obtain the information you need to make better management decisions.  If you are in the market for new accounting software, you have surely…

Farm Business: Ideas for Paying College Tuition

Making The First College Tuition Payment SALARIES TO THE STUDENT If the student is working on the farm for some part of the year, compensation can be a great tool. The student’s salary isn’t subject to income tax until it exceeds the standard deduction ($6,300 for 2016). Normally, there will be the 15.3% Social Security tax…

Monthly 2016 Ag Economy Barometer

End Of Summer Barometer Results The higher the index number the stronger the economic outlook of U.S. agricultural producers. The index is based on survey results from 400 ag producers. Producers view of the weather, commodity prices, and financial conditions can affect the index. As promised we’ll bring you the ag economy barometer each month.  Quarterly,…

Monthly Ag Barometer Results

AgCompass will Feature the Ag Economy Barometer Each month we’ll share with you Purdue University’s Ag Economy Barometer. The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy. The higher the index number the stronger the economic outlook of U.S. agricultural producers. The index is based…

Referral Bonus!

Celebrating Our New Site Launch Welcome to our refreshed website!  New features on the site include updated client case studies and more information about who we are and what we do.  Soon we’ll have a new video, from a customer’s point of view about how AgCompass benefits their trucking and ag operations. Our website is…