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Home » Authors » Brad Guse

Articles by Brad Guse

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You can farm, but you also need to manage your financials

Good financial management includes utilizing a timely and accurate balance sheet, an accrual-adjusted income statement and a cash flow statement.
July 17, 2023
Brad Guse

“Leave me alone and let me farm!” I’ve heard this from many a client over the years, sometimes in response to my request for timely financial reporting. But it is the wrong response. 


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What you need to know about renewable natural gas expansion

Financial pros and cons of adding a renewable natural gas project to your operation.
May 22, 2023
Brad Guse and Janine Sekulic

There’s a lot of buzz around renewable natural gas (RNG) as a means for dairy farmers to diversify revenue while improving their carbon footprints. For many operators, it can be a particularly attractive option, especially given the current market and economic conditions.


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It’s time to pay attention to your interest costs again

Considerations for dairy producers as interest rates rise.
January 2, 2023
Brad Guse

It’s been quite a while since dairy operators have had to budget for interest rate expenses. But the Federal Reserve raised interest rates six times in 2022, and policymakers expect more to come in 2023 in an effort to slow inflation by increasing the cost of borrowing.


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Does your farm have a culture of safety?

Tips for implementing a safety-oriented culture on the farm for employees and family members of all ages.
September 16, 2022
Brad Guse

Year after year, agriculture continues to rank as one of the most dangerous occupations. Far too many farmers, farm family members and employees are injured or killed in farm accidents. What are you doing to change this in your farm and community?  


Read More
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SUMMARY

Making good decisions during the current upswing

Sound decision-making now will lay the foundation for how your operation will fare in the next downturn.
August 19, 2022
Brad Guse and Sam Miller

Generally speaking, dairy producers are posting healthy margins right now. May milk prices were the highest on record, and 2022 prices are shaping up to be the highest ever, breaking the record set in 2014.


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Take your year-end review to the next level

January 18, 2022
Brad Guse and Sam Miller
In a previous article, we discussed the skills needed by the next generation of dairy managers. (Read: “Next-level management: The new key to success”).
Read More

Next-level management: The new key to success

September 27, 2021
Brad Guse and Sam Miller
It’s the end of harvest. It’s time to clean up or make repairs to your equipment to get it ready for next year. It’s also a time to think about how you’ve performed from an operational standpoint. But, as you have more downtime over the coming months, it’s also an opportunity to take your management skills to the next level.
Read More

Consider upgrading your dashboard to include macro factors

June 23, 2021
Brad Guse and Sam Miller
Now that the effects of the pandemic are largely behind us, dairy operators find themselves in an interesting situation. Markets are usually driven by either supply or demand, but right now, they’re being driven by both, and that has implications on how you navigate dairy and commodity prices.
Read More

Government payments are set to fall: What’s next?

March 31, 2021
Brad Guse and Sam Miller
It’s no surprise the infusion of direct government payments to farmers helped many dairy operators weather the storm that was 2020. Those payments were necessary to help operators struggling with the many effects of the COVID-19 pandemic, but it’s not something you can build a plan around.
Read More

Lessons learned from 2020

January 6, 2021
Brad Guse and Sam Miller
It’s fair to say that most of us are glad to put 2020 behind us. Dairy operators had to navigate multiple challenges that impacted their bottom lines. But, as we move forward, there are some important lessons dairy operators can learn from the experience.
Read More
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