Farmers affected by early spring flooding likely have increased yield risk from changed soil characteristics, excess moisture, or late planting and may want to consider adjusting their plans for 2019 grain sales.
This article provides guidance on adjusting rental rates for flood-damaged cropland with different lease characteristics, including having that important landlord-tenant discussion this spring before planting.
Try this three-step method to develop a crop income projection for 2019 based on average yield estimates, commodity price projections, and direct cost and overhead. The 2019 crop production budgets can be used as a guide.
When considering business changes for your farm or ranch, focusing on a partial budget can help evaluate the financial effect of incremental changes without accounting for the entire farm budget. The story offers key points to consider and examples of how to apply them to your farm business.
Developing and following a Standard Operating Procedure (SOP) for new employee orientation can help ensure newbies understand the operation and can better contribute to its success. Check out these other recommendations for helping new employees get a good start.