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MANAGEMENT

Manage employees, analyze yield drivers, explore forage markets, become more confident in preparing farm financial statements, and untangle farm succession issues.

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In this internet age, it seems that you can learn to do just about anything online. Someone somewhere has posted a video about how to replace a heat actuator on your Chevy, troubleshoot your leaking water heater or get six-pack abs in three minutes. (I found that one on a top 10 “how to” videos list …)

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If you file taxes on a cash basis, as most farmers and ranchers do, and you’ve had a good income year, late-in-the-year tax planning may suggest you should increase deductible expenses for the year to keep from paying an excessive amount of income tax.

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Over the summer, the western drought and heat wave continue to intensify.

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Factors influencing FROST DAMAGE ON CORN

Between 32°F and 36°F:

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A proactive man will never get caught with his pants down in the bathroom…. why? A proactive man would take the step of locking the door to make sure any future problems would not occur, while the reactive man will go through an embarrassing moment that might set his initial goal back a little.

How does this pertain to Forages? Every producer has the opportunity to be proactive or reactive during the growing seasons. Year after year Mother Nature will start with a green spring, move to the heat of summer, cool off again for fall and put most things to sleep for a cold winter, speaking from the Midwest. Year after year you will have gaps in your forage production that will cost you money with purchased feed and hay that should be saved for the winter months. A proactive producer will see those gaps and plant a forage crop that will excel in that time of year to help carry production on to the next season.

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Succession planning, by nature, can be complex. As with any activity that has an element of complexity, the more clarity there is, the easier it will be to keep things moving forward.

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