When you’re looking at full bins and rising calf prices, the human reflex is to hold on and hope for more. That’s not a plan. It’s a bet. Storage has a price tag.
Tag Archives Perspectives on Management
Harvest leadership: Now is the time to address problems
How’s your team performing so far? It sounds simple, but it’s not just small talk. At this time of year, many farm leaders forget to pause and evaluate, even briefly.
Ask tough questions to determine if business still works
Across the country, a hard conversation is unfolding. Many producers are starting to ask a tougher question: can we keep doing this the way we always have?
Strategic leadership important now — and in the future
What comes first, strategy or leadership? It’s a classic “chicken and the egg” situation.
Farms must pay attention to their balance sheet’s liquidity
Farm balance sheets are under pressure this year, and the storm may not just come from the weather.
Performance improvement plans set expectations
Today’s farms rely on strong teams to keep things running smoothly, and the “fire fast” mindset doesn’t always serve them well.
How to look at return on investment in transition planning
ROI is a performance measure, expressed as a percentage, and is used to evaluate the efficiency or profitability of an investment. It is useful when comparing the efficiency of a number of different investments.
Disciplined risk management not just useful, but essential
Strong farms will proactively assess risk and take action to protect their business
By making risk management a proactive priority, farms can safeguard their future and seize opportunities that might otherwise go unnoticed.
Concept of inventory adjustments is worth understanding
What does “inventory adjustments” or “change in inventory” mean? This term reflects how your farm’s books are converted to the accrual accounting method. For many farm businesses, accrual accounting can seem complicated, but it’s crucial for getting an accurate picture of financial health. Let’s break it down. Accrual accounting recognizes revenue when it is earned […] Read more
Face the common challenges in early transition planning
On the long list of to-do’s for farm managers and families, transition planning is often near the bottom. This is a common challenge faced by farm families, especially early in the process. Knowing the challenge ahead of time, understanding that you aren’t alone in facing it, and having some tools in your back pocket to […] Read more
