Business Management
Striking a work-life balance is difficult but necessary, and to do so requires rest, help and quality family time.
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Leading a multigenerational business
If you desire to build a business that will continue for many generations into the future, your business strategy requires more planning and much greater attention to the long-term impact of every decision.
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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.
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How to get those tough and tender conversations started – part two
Methods to approaching tough transition conversations have evolved over the years, and today the best way forward starts by knowing your motivation for farm transition.
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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.
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Protect your mental health on the farm
Farmers face demanding conditions that can influence mental health considerations, highlighting the importance of a psychologically safe workplace, adequate sleep, nutrition and exercise.
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Change management: 6 lessons for adapting your mindset
Incorporating emotions into storytelling, developing a resilient mindset, understanding your purpose, working as a team, identifying pillars to live by and striving for excellence are six key takeaways from Col. Barringer’s presentation at the Pennsylvania Dairy Summit.
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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.
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3 steps to a smoother loan application process
Gather essential documents, comprehend the five C’s of credit and be proactive in submitting complete paperwork for a smoother and quicker loan application process.
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Succession planning: Incentivizing the next generation of family farmers
Ideas for encouraging reluctant heirs to the family business include a solid business plan, financial support, profit-sharing plans, incentive bonuses tied to performance and/or milestones, developing an ownership transition plan, mentorship, educational/training opportunities and strategies for work-life balance.
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