Articles tagged under: Farm Business Management
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…Positive Cash Flows
Published December 19, 2022
In an early look at cash flows for 2023, the farm financial situation still looks positive. With current price projections and normal yields, Minnesota Farm Business Management instructor Josh Tjosass is cautiously optimistic. "For most farms that aren't highly leveraged, that…MN FBM Adds Two Instructors
Published July 29, 2022
Minnesota's Farm Business Management Program has added two new instructors, Narayan Dhakal and Erik Heimark. Dhakal is originally from Nepal and completed his graduate studies at the University of Minnesota. Dhakal will focus on urban agriculture in the seven-county metro…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…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…New Roles for Olander and Detloff
Published October 13, 2020
Keith Olander has taken a new role as the executive director of AgCentric and Agricultural Partnerships. Int his position, Olander will work on a statewide basis on farm business management and ag education. Cory Detloff takes over as the new…