Running a successful farm takes a lot of hard work both in the fields and in the office.
Leaders at Hebert Grain Ventures tell aginfo.net that farmers should view their operations as separate businesses.
“You run two [businesses],” said Kristjan Hebert. “You run a farm operation, and you run a real estate business. Understand the numbers on both of those. It’s no different than, you know, Walmart sells stuff and they have a building. If you have a hotel, you need it to be full. So, is your farm profitable? Is your real estate operation profitable? Yes, they’re at different rates. Then, how much cash flow does your farm operation have, and how much equity does your real estate operation have? You need to know both of those numbers because your real estate equity allows you to buy land, and your cash flow from your farm allows you to pay for it.”
Hebert says knowing that information will make lending requests a lot smoother.
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Corn and wheat exports remain supportive, but weaker soybean demand — especially from China — continues to pressure oilseed markets.
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Tim and Sharyn Abbott of the Music City Celebration Sale recap the weekend’s premier auction, which drew top dairy breeders and buyers to Nashville again this year from across North America.
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China’s pullback is hitting core U.S. commodities hard, reshaping export expectations for soybeans, cotton, grains, and livestock.
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Slower grain movement may pressure basis, but falling diesel prices could help offset transportation costs.
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Plans are underway for the 27th annual Great Eastern Iowa Tractorcade, a June event celebrating farm heritage, tractor history, and rural traditions. Event manager Matt Kenney joins us to highlight the importance of commemorating farm heritage.
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