Articles tagged under: AgCentric
Farm Business Management Releases 2021 Financials
Published March 23, 2022
During 2021, the average Minnesota farm in the state farm business management program spent $2.5 million in their communities for crop and livestock production and family living expenses. Net farm income statewide averaged more than $267,000. That’s an increase of…Net Farm Income Expected to Be Up
Published January 12, 2022
AgCentric Executive Director Keith Olander says the past couple years were generally positive for farmers financially. After spending time at the American Farm Bureau Federation Convention, there is cautious optimism for the year ahead. "I sense some anxiousness with input…Use Tax Planning as a Tool
Published December 16, 2021
The end of the year means tax preparation. AgCentric Farm Business Management Instructor Nathan Converse says managing income by pre-paying expenses is always an option. "This depends on how the year went. Right now, I have farmer clients who are…Improving Financials Within Robotic Milking
Published May 4, 2021
In a review of the Minnesota dairy sector for this past year, AgCentric Executive Director Keith Olander said robotic milking is becoming competitive for net returns. "Robotics had been lagging in our data for awhile, but if you go back…Workforce Challenges Outlined at Congressional Forum
Published April 9, 2021
The agriculture sector joined representatives of timber, construction and tourism industries for a congressional roundtable event Thursday in Staples, Minnesota. Seventh District Representative Michelle Fischbach and Eighth District Representative Pete Stauber heard concerns about the lack of housing, childcare and…Minnesota’s Farm Business Management Program Completes ’20 Report
Published April 5, 2021
Nearly 2,300 farms are represented in the database. These farms spent an average of just under $1 million in their local communities. Direct crop inputs were the biggest expense category, totaling $185,000. Minnesota farmers enjoyed the highest net farm income…New Scholarship Opportunity for Water Quality Certified Farmers
Published January 28, 2021
The Minnesota Department of Agriculture is offering a scholarship for farmers tied to the Minnesota Agricultural Water Quality Certification Program. AgCentric Director Keith Olander says the Minnesota Agricultural Water Quality Certification Program Farm Business Management Scholarship provides tuition buy down…A Positive Farm Financial Situation in 2020
Published December 31, 2020
Most farmers are ending the year in better financial shape than they did in 2019. Farm Business Management instructor Josh Tjosaas, based at Moorhead, says there has been a lot of healing for the balance sheet. "We've seen some improvement…Farm Business Management Program Touted with COVID-19 Scholarships
Published November 9, 2020
An estimated 350 Minnesota farmers are currently distressed because of COVID-10. AgCentric Director Keith Olander says agriculture has been in a “pressure cooker” situation for a number of years. "Profitability, if it existed at all, was very slim. Most farms…