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Paving the way for the next generation to return to the farm

When a young professional returns to the farm they grew up on, there is a tendency to assume that the transition will go smoothly. However, for this transition to be successful, it is crucial for farm leaders to develop and execute a plan for it to happen.
April 22, 2024
Rena Striegel

It’s an exciting time when the next generation determines that they are going to pursue a career on the farm.


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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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SEC’s new climate disclosure rules

The SEC adopted its final rules requiring the disclosure of certain climate-related information. The final rules eliminated a controversial portion of the proposed rules, which would have required registrants to disclose information related to Scope 3 GHG emissions, which are known as “value chain emissions.”
April 9, 2024
Kyle K. Weldon

On March 6, 2024, the Securities and Exchange Commission (SEC) adopted its final rules requiring the disclosure of certain climate-related information in filings with the SEC, including registration statements and annual reports.


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How can we get more family time on our farm?

Striking a work-life balance is difficult but necessary, and to do so requires rest, help and quality family time.
April 4, 2024
Elaine Froese

Your body is not a machine. You are not serving yourself or others well by being a workaholic. When are you going to pay attention to your physical, emotional and mental needs, and those of your spouse and family?


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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.
April 4, 2024
Don Tyler

Leading any business is extremely challenging. If the business is a family business, the level of difficulty is increased, and if you intend for it to be a multigenerational business, the difficulty is even greater still.


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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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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.
March 21, 2024
Elaine Froese

Cash flow crunches on farms are getting tougher this season as interest rates rise, land is expensive, and expectations for growth need sound management. Consider these actions as you make your approach to the transition conversation this year.


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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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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.
February 1, 2024
Cheryl DeCooman

Farmers work hard and in challenging conditions. Farming is demanding physically, mentally and emotionally. It requires resilient people, but that resilience can take its toll. Concern over farmers’ mental health has increased in the last few years.


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