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Business Management
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Strategies for managing the unique stresses faced by ag producers

A growing concern in the agricultural community is the significant mental health challenges faced by ag producers. This underscores the importance of addressing stress factors and establishing a reliable support network of trusted advisers.
April 22, 2024
R. Jed Myers

Experts identify potential stress areas as production risk, market risk, financial risk, legal risk and human risk. Let’s look at these and identify sources that may alleviate these unknowns from becoming undue stressors.


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Threats and impacts of invasive organisms on Idaho's ecosystems and economy

Invasive species often bring harmful impacts to new areas, costing governments billions per year. Recent findings in Idaho, like the quagga mussel and emerald ash borer, highlight ongoing efforts to address these invasive threats.
April 18, 2024
Cheyanne Myers and Brad Stokes

Invasive organisms can, and often do, cause adverse consequences to their newly introduced range. In terms of the finances of countries, states, regional/local governments spend billions of dollars per year trying to manage, control and/or eradicate invasive organisms.


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Understanding child labor violations and federal regulations

Those who employ youth in their agricultural operations should have a clear understanding of federal child labor regulations, violations and penalties to ensure compliance and youth protection.
April 12, 2024
Kelsea E. Donahue

While recent headlines regarding child labor violations have involved industries and occupations not categorized as agriculture, that does not mean agriculture operations and jobs are not being monitored to ensure compliance with child labor laws.


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Equipment for buy, borrow or hire

Choosing between buying and operating your own equipment versus custom hiring involves more than just numbers. Farm size, time constraints, equipment quality and labor are key factors in the decision-making process.
April 11, 2024
Julia McCarthy

It is a truth universally acknowledged that a producer in possession of any type of farm or ranch must be in want of updated machinery. So what considerations should play into a producer’s decision to custom hire versus purchasing, maintaining and operating their own equipment?


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Decisions and dollars: Understanding equipment costs on the farm

Whether your equipment is being used, or sitting by the barn, it accumulates costs. Make sure to manage fluctuating variables of equipment with regular review and cost calculators available to you.
April 1, 2024
Brett Wilder

Every farm manager must make decisions about equipment. When to buy, when to sell and when to hire out the work are common questions. All of these decisions start from the same place: understanding your costs.


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6 strategies for tuning up your farm’s finances

Savvy producers should focus on improving financial strategies for better profits. Actions such as reviewing and updating business plans, and evaluating asset turnover rates can lead to lasting success.
March 27, 2024
Jerry Wroten

Although maintaining equipment takes time, it’s a worthwhile investment that can maximize your overall production. But if you want to maximize profitability for your farm, it’s equally as important to tune up your farm’s financial operations.


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Where's the line? Understanding Idaho's boundary by agreement

The theory of boundary by agreement involves a complex legal framework, balancing formalities and practical implications. Fences, as common markers, play a crucial role in resolving boundary disputes in Idaho.
February 20, 2024
John Richards

For many properties in Idaho, particularly rural properties, fences and other physical markers are often believed to be the boundary between neighboring properties and are treated as such.


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Anticipating and adapting to upcoming tax revisions

Insights on 2023 tax return changes and anticipated tax revisions post-2025, including adjustments to deductions, tax bracket and estate tax limits.
February 12, 2024
Terry Kissler

I’ll touch on a couple of those changes that we as taxpayers got to enjoy the last few years that no longer are in effect. However, the purpose of this article is to look ahead to what’s changing down the road.


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Analyzing Idaho crop input costs and 2024 projections

We're taking a look at Idaho crop economics with a breakdown of input costs such as seed, fertilizer and labor, along with projections for 2024, offering valuable insights for grower planning.
February 6, 2024
Xiaoli Etienne and Pat Hatzenbuehler

As the crop planting season approaches for most regions in Idaho, understanding what operating costs will look like in 2024 is crucial for farm businesses.


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Succession planning when one child wants the farm

Many parents find themselves in a situation where one child wants to farm while the others do not. This hypothetical explores one option to consider, while stressing the importance of early planning.
January 18, 2024
Thomas M. Larsen

A common scenario among many farmers is that one of their children wants to continue the farming business while their other children do not. What can farmers do in a situation like this as they plan for the future?


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