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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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Most hay producers want to produce hay as profitably as possible. Establishing economic goals is the first step towards profitability. Once goals are established, farmers benefit by developing a management mindset centered on a business approach.

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Forages are a primary energy feed source. From a forage standpoint, as plants mature, fiber increases. Fiber is less digestible than other plant parts and fiber digestibility declines as plants mature.

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An owner’s responsibilities for running a small business can seem overwhelming. As a result, the delicate balancing act of allocating time to work on the business, as well as in the business, can result in too little time for family, personal interests and self-care.

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With the ever-changing demands on today’s agricultural producers, comparing options for viable accounting software programs to aid in the management of their operations can be overwhelming.

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In these tough economic times when consumers and businesses are spending less, farmers should think carefully about how much money they want to borrow and how they would use it in their businesses, a Purdue University agricultural economist says. 

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As calendar year 2010 quickly comes to a close, farm managers are meeting with their income tax professionals to assemble tax management plans to take advantage of new tax law changes.

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