For farm parents, gifts to children may take the form of agricultural commodities. Such transfers may be done to shift income to minor children to take advantage of their lower tax rates, assist with a child’s college costs or be made in exchange for the child to support the donor-parents.

A large part of dairy farming is recordkeeping. Reproduction dates, feed rations, production records, employee timecards, financial information, equipment information and more are things stored either physically or digitally somewhere on your farm. What are you doing to protect it?

As people who live in rural areas, we are all used to the potholes that jar our vehicles and rattle our teeth. Likewise, the financial statements that measure the position and performance of our dairy businesses have potholes that are sometimes difficult to navigate.

An effective risk management adviser should be able to provide you with advice on local feed contracts as well as strategy on managing longer-term price risk using futures and options. With this team, you can take control of your financial future and achieve your long-term goals.