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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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For most hay producers throughout the United States, 2007 ended up being a good year. Hay prices were well above five-year averages, and weather permitting, 2008 is looking to remain the same for most growers.

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When we talk about economic resources, three types of resources usually come to mind: land, labor and capital. But a fourth resource – time – may be more important than all the others.

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Selecting an employee is among the most important decisions a manager makes. Getting the right person in the right position is crucial for business success. But how can you do that?

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Communication, although essential, is not always easy. Individual differences in personality, communication styles and skills and expectations all play a part in how well your family communicates.

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The farm stress test is designed to provide insight into sources of farm financial stress and the extent of stress. It highlights a few key financial measures and provides a visual interpretation of the numbers.

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According to some estimates, less than 5 percent of the population has clearly defined goals. Yet, setting financial goals is the first step to developing an effective spending plan.

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