As harvest season approaches, you should have a good sense of your expected yields and the financial investments required to achieve them. To best prepare for next season, utilize this information with updated data on expenses and markets to calculate your true break-even point – defined as the value per unit where all expenses for the crop are covered by its revenue.

Many agricultural information meetings are planned for the purpose of sharing the latest (hopefully unbiased) research information. However, these meetings have the potential to offer more than just technical data.

Collecting and organizing data is crucial for preparing and planning for the next crop year. For example, data on acreage, yield and expected prices can help estimate gross returns. This information is valuable when negotiating with a banker for a new loan or refinancing an existing one. It’s also useful for setting lease terms with a landlord for the upcoming year.

It’s pretty common for clients to consider buying equipment at year's end in order to write it off for tax purposes. Bottom line: We need to think about depreciation timing for when the tax deduction will help the most.

In Idaho, where farming is a cornerstone of the economy, adopting heat reclaim technology is a strategic move that offers substantial benefits and can revolutionize agricultural practices. In this article, you can learn more about how heat reclaim systems can enhance efficiency, reduce costs and promote sustainability on Idaho farms.

The true cost of equipment breakdowns is often far higher than the dollars spent on parts to get up and running again. And regardless of why equipment breaks down, downtime adds additional costs to your operation.

Employees are one of the largest expenses on a farm – second only to feed costs. The most startling part of this statistic is that staff care is frequently low priority and high risk.

Profitability maps can be helpful for determining the relative extent to which different areas in a field are profitable or not, which can provide insights regarding whether there are any actions that can be taken to increase profitability in lagging areas.