Tag: finances
It’s never too early to teach money management
Learn how to pass on good money management skills to children by defining needs and wants, and having the discipline to understand the difference.
Ready for life to throw a curve?
Take the time to consider how your farm business will handle the unexpected — death, disability, divorce, lawsuits, buying out a business partner and more.
‘Price-fixing’ settlements need big fix
Archer Daniels Midland last month agreed to pay farmers $45 million to settle. Alan Guebert weighs on this case and the bigger issue with these settlements.
2020 looked a lot like 2019 for Ohio dairy farms
Dianne Shoemaker offers a look at dairy farm margins in 2019 compared to 2020, and advice on how to improve margins on your dairy farm.
Thou shalt not ever pay retail
Kymberly Foster Seabolt shares some tips and tricks to master the art of thrifting.
How to calculate debt to asset ratio
In his Dairy Excel column this week, Chris Zoller explains calculating debt to asset ratio.
Evaluating repayment schedule and scheduled debt payments
Learn more about Repayment Schedule: Scheduled Debt Repayments from the Dairy Excel 15 Measures of Dairy Farm Competitiveness bulletin.
60 seconds toward financial control
When a farm team starts working on their business analysis for 2020, 60 second investments will make the process easier and the results more reliable.
Maintaining an economically resilient farm
There are strategies farmers can follow to become more economically resilient. Learn more in this week's Dairy Excel column.
Important to know your farm’s current ratio
Learn how to determine your farm's liquidity, as measured by current ratio and working capital.
