Consider the Metrics of the Farm, Especially in Down Cycles

by Water Street Solutions September 25, 2013

Agrinews2The shape that we're in now and the shape that we could be in after a couple of thinner years in farming are two very different things.  Darren Frye, President and CEO of Water Street Solutions talks about preparing for the leaner years in the AgriNews.  Read his column HERE.

Think as the CEO of Your Farm

by Water Street Solutions September 17, 2013

dFrye64May12Do you think of yourself as a farmer, or a CEO?  A lot depends on your ability to be forward looking.  And planning for the future is more and more important as change happens more quickly.  Darren Frye, President and CEO of Water Street Solutions talks about this with Dewey Nelson from KRVN.   Thinking as the CEO of Your Farm Frye AUDIO

For the text of the interview, click here: Thinking as the CEO of Your Farm

Reminder - Crop Insurance Premiums Due Earlier This Year

by Water Street Solutions September 9, 2013

Keep in mind that the due date for your crop insurance premiums this fall is a month earlier than usual.  The billing date has been moved up to October 1st this year.  At that time, interest (15%) will attach.  Call your Ag Risk Advisor with questions.

Don't Be Scared of Your Accounting Software

by Water Street Solutions September 6, 2013

tBrhel64Farmers use a lot of different kinds of accounting software.  Some of it is very specific to farming.  Some of it is better for livestock producers than for crop producers.  Going in the other direction, some is just what any consumer might use - with categories not specified for ag production.  And then we have farmers whose records are not even kept on the computer at all.  Water Street Solutions Ag Finance Specialist Tim Brhel talks with Dewey Nelson from KRVN about the importance of doing this right.   Dont Be Scared of Your Accounting Software Brhel AUDIO

As I was posting this, I happened to notice a related story on here of one of our clients who have decided to outsource their bookkeeping with Water Street Solutions - and how that's working for them.  Read about that HERE.

For the text of the interview, click here: Don't Be Scared of Your Accounting Software

Know Your Numbers When Making Business Decisions

by Water Street Solutions August 30, 2013

Agrinews2It's important to keep an eye on your breakevens throughout the growing season.  It's a process that helps you remain agile in your decision making.  Darren Frye, President and CEO of Water Street Solutions discusses it more in this AgriNews column.

Drought....A Good Reason for Crop Insurance

by Water Street Solutions August 29, 2013

IMG-20130829-00162This is a field of one of our clients.  It is on the Iowa-Illinois border.  According to Ag Risk Advisor Jim Spiker, there has been NO recorded rainfall at the Burlington, Iowa reporting station the whole month of August.  He says the last rain was .40" in mid July.  With that, this summer is on track to being the driest summer in the areas since the 1800s.

Don't Sign Rental Agreements with a Handshake

by Water Street Solutions August 27, 2013

dHeffta64Trust is important in agriculture.  It's part of the fabric of who we are in farming.  But it's a good idea to put a rental agreement in writing, for the purchase of solid communication.  Water Street Solutions Senior Director Dean Heffta discusses the details of this with Dewey Nelson from KRVN.   Rental Agreements Should Be More than a Handshake Heffta AUDIO

For the text of the interview, click here: Rental Agreements Should Be More Than a Handshake

Farm Bookkeeping - Success in the Details

by Water Street Solutions August 20, 2013

tBrhel64If you're the farm's number cruncher, it's a good match if you're also detail oriented.  Tim Brhel, an Ag Finance Specialist with Water Street Solutions explains that farmers can make better decisions if they keep books in a very detailed way.  He talks through this with Dewey Nelson from KRVNBookkeeping the Success is in the Details Brhel AUDIO

For the text of the interview, click here: Farm Bookkeeping - Success in the Details

It's Important to Know Your Breakeven this Year

by Water Street Solutions August 13, 2013

tBrhel64Profit margins are getting tighter as costs have gone up and commodity prices have come down.  Tim Brhel is an Ag Finance Specialist with Water Street Solutions.  He gets into the specifics of this with Dewey Nelson from KRVN.     Know Your Breakeven this Growing Season Brhel AUDIO

Get the Balance Sheet Ready for Higher Interest Rates

by Water Street Solutions August 7, 2013

dFrye64May12Part of the success you can have in farming comes when you anticipate a scenario and plan for the risk involved.  One of those scenarios that we haven't seen in a while is what might happen to farm financing if interest rates go up.  Darren Frye, President and CEO of Water Street Solutions talks about that with Dewey Nelson from KRVN.   Is Your Balance Sheet Ready for Higher Interest Rates Frye AUDIO

For the text of the interview, click here: Is Your Balance Sheet Ready for Higher Interest Rates?

About Water Street Solutions

Water Street Solutions helps farmers with profitability, using a business model that you won't find anywhere else. Experts in ag finance, crop insurance, commodity marketing and legacy planning work together on a plan tailored for your farm.

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