Articles tagged under: Farm Business Management
Marketing Mistakes Cost Farmers in 2024
Published April 10, 2025
At the Farm Business Management annual meeting in Crookston, Northland Farm Business Management instructor Ron Dvergsten discussed the varying income levels among Minnesota farmers. "A lot of it depends on land type, years of experience, and how you got started,…Farmers Secure 2025 Financing Despite Economic Challenges
Published March 24, 2025
Despite financial pressures, most farmers are securing financing for the 2025 season, according to Northland Community and Technical College Farm Business Management instructor Ron Dvergsten. "I have been pleasantly surprised that the farms I work with, I have not heard…A Proposed Increase in Funding for FBM
Published February 23, 2025
Representative Nathan Nelson is sponsoring legislation that would boost funding for the Minnesota Agricultural Education Leadership Council from $4.5 million to $6 million in the 2026-2027 biennium. Funding would be prioritized for faculty with expertise in farm transition planning, rural…Minnesota Farmers Face Tough Year
Published November 13, 2024
Crop farmers are generally in a tough position this year due to prices and yields for some in Minnesota. “We had quite a bit of grain that sat in the bins from January to August and took quite a spill…A Financial Drain
Published September 6, 2024
Going into 2025, working capital and balance sheets will be tight. “This 2024 crop may drain a lot of farmers' working capital,” says Ben Olander, a farm business management instructor with Central Lakes College. “I think yield will hopefully balance…What a Difference a Year Makes
Published December 26, 2023
Those differences can be seen as farmers close out the books for 2023. "If we just look year-over-year, it was tax planning to no end last year and what are we going to do with the profitability and how do we…Fall Financial Planning Strategies
Published December 17, 2023
Northland Community College Farm Business Management Instructor Betsy Jensen has seen farmers shy away from pre-paying for inputs this fall. Increased interest rates are causing producers to be more hesitant. “Most companies have not increased their pre-payment discount,” said Jensen.…Year-End Tax Strategies
Published December 2, 2023
This is the time to analyze where you sit for the 2023 business year and evaluate finances ahead of tax season. Farm Business Management Instructor Ron Dvergsten says buying equipment can be a good strategy if you can save a…70 Years for Farm Business Management in Minnesota
Published June 30, 2023
The Minnesota Farm Business Management program is celebrating its 70th anniversary. AgCentric Executive Director Keith Olander says the numbers have changed dramatically over that time. "If you just go back to 1956 when the original state report came out, there were…