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Management

Manage dairy employees, establish farm protocols, take on milk marketing, and become more confident in your farm financials.

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Last year, the nation’s dairy farmers produced in excess of 30 billion pounds more milk than they produced 10 years ago. In a recent publication (Agricultural Projections to 2026), the USDA suggests milk production will increase at an even faster rate during the next 10 years.

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To start your farm succession plan, you’ve formed a limited liability company (LLC), signed your estate plan and maybe even transferred some interest in the LLC to your successors. Hopefully, you have reviewed and updated your plan and taken periodic actions to move your farm transfer forward.

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Ninety-nine percent of farm insurance policies sold today have fundamental coverage flaws when it comes to dealing with environmental liability. Those gaps in your general farm liability insurance coverage may be leaving your dairy open to substantial financial risk.

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If you watched the men’s or women’s NCAA basketball tournaments, you witnessed extreme strategy at work. Coaches game-planned to attack opposing defenses and put points on the board while shutting down the other team.

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What do the words “tax return” bring to mind? For many people, fear, dread, disgust and overall dislike are the first thoughts. Accompany these feelings with the average person’s innate inclination of procrastination, and filing taxes is a recipe for a “tax nightmare.” Let me give you an example.

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Too often, farm kids return home to the farm because they’ve been told there is always a place for them. However, this can create a sense of entitlement. They feel they are entitled to a spot on the farm instead of feeling humbled by the experience and driven to earn their keep.

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