Results for pages tagged with "Finance"
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With the current level of interest rates, an astute business person should spend time "shopping for credit" to save on interest expense.
Timing is very important in agriculture there are occasions where one week's difference in time of planting, harvesting or selling means the difference between a "good" year and a "bad" year.
Producers who want to earn their entire living from farming or ranching should calculate the volume of sales needed to meet their financial goals and fully employ their labor and management resources.
It is estimated that up to 400 million acres of U.S. farmland will change hands in the next 20 years. Who will farm these acres? Who will farm or ranch on your acres?
I realize that many of you will produce at a loss for 1998, but at what level and how that loss affects your balance sheet is a very important factor to the continued health of your operation.
The use of other people's money, called "leverage," is a tool that agricultural producers can and should use to harvest increased profits.