We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Editor’s note: This is the first of four articles explaining producer payment systems for milk in the U.S.
The vast majority of producers in the U.S. are paid by one of the three systems – the Federal Milk Marketing Order component payment system, the California payment system and the Federal Milk Marketing Order advanced payment system.
Farming. It’s a term that can mean different things to different families. To some, it is a way of life and a family business, the glue that brings multiple generations of a family together as a unit. To others, it may be the reason families push each other away.
Using an intentionally defective grantor trust (“IDGT”) might just be the estate planning tool you are looking for. An IDGT is an estate planning tool used to freeze certain assets of an individual for estate tax purposes but not for income tax purposes.
Transition planning is not often a pleasant experience, and for many operations, transitioning management and ownership from one generation to the next creates many uncomfortable situations.
Conflict does not need to be destructive to an organization or a relationship. In fact, when dealt with properly, it can lead to constructive outcomes like new ideas, acceptance, trust and business growth.
“The good news is: It can actually help us,” said Dr. Becky Stewart-Gross, president of Building Bridges Seminars.
Robotic milking systems provide an incredible amount of data by measuring more than 100 variables per cow per day. For some, all of this new information can be overwhelming to the point they’d rather not even look at it.
For others, they are so eager to explore the data they spend an excessive amount of time overanalyzing information and lose sight of the data that is most important.
Hitting a hole-in-one
Locking in your milk price at the highs before a large decline in the market is a lot like hitting a hole-in-one in golf. Chances are, you have never done it, and your friend that has tells the story about it all the time.
RSS
