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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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Forage plant improvement programs in ryegrass, small grains and forage legumes have been and continue to be an integral part of beef production research.

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It is amazing the difference in animal health on different pastures. In many cases, this can be attributed to plant health, which is a product of healthy soil. In the major commodities, there is lots of talk of cover crops for several reasons; one is soil health. With a healthy soil, there is less plant diseases and in some cases, even less insect pressure.

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Tax codes on equipment trades just got trickier.

Under old tax law, a farmer could trade in farm equipment and recognize no gain or loss on the trade. For example, assume a farmer has an old combine worth $200,000 and trades it in for a new combine worth $500,000. The $200,000 trade value is essentially ignored and the tax cost basis of the new combine is simply $300,000 (the net cash paid).

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Feed is the most expensive and one of the most necessary products in a ranch budget, making it no surprise that ranchers love a good discount on hay. Hay producers, on the other hand, have to decide whether or not that discount is worth the risk to their businesses.

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There is a lot of interest and energy being focused on cover crops and cover crop usage across the country. In fact, as I am writing this article, there is a “cover crop meeting” going on in our conference room.

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We have suspected for a long time the average yield of alfalfa reported for U.S. farms is far less than what growers could produce. Is there a significant “yield gap” between these reports and reasonable yield goals?

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