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.
As cattle producers continue to navigate labor constraints and rising production demands, innovation in handling systems will remain a key driver of the industry’s long-term efficiency and safety goals.
Suzanne Fanning with Dairy Farmers of Wisconsin joined us to discuss the “Born to Dairy” campaign, dairy promotion efforts in Wisconsin, and the economic role of the state’s dairy industry during National Dairy Month.
Laura Priest with the Center for Rural Affairs joins us to discuss solar development trends and opportunities for agriculture and renewable energy production to coexist.
Kansas farmer and friend of RFD-TV John Jenkinson joins us to discuss wheat crop conditions, regional variability, producer financial concerns, and the outlook for the growing season across Kansas.
The Pennsylvania Dairymen’s Association joins us to share their “Milkshakes on the Moo-ve” campaign and statewide dairy outreach during National Dairy Month.
South Texas ranchers and vets warn that labor pressures will make monitoring for New World screwworm difficult across large cattle operations.
