Working on Your Business in 2014

by Heather Lauf January 6, 2014

Farm Futures logoWhat are your hopes for your farm in 2014? What goals could create the greatest impact on your farming operation as we enter the uncertainty that this year is bringing to many farmers?

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions helps you start thinking about the challenges you're facing and the goals that might be worth setting - and following through on - for 2014. Read his blog post.

Your Farm's Financial Dashboard

by Heather Lauf December 31, 2013

tBrhel64Looking at the economic situation in ag right now - and at what could be ahead - what can you do to prepare now for what could be tighter margins ahead? One thing to create and pay attention to in your operation is a financial 'dashboard' for your farm. Tim Brhel, an Ag Finance Specialist with Water Street Solutions, talks about that with broadcaster Dewey Nelson of KRVN.  Your Farm's Financial Dashboard Brhel AUDIO

Family, Farm Businesses and the Holidays

by Heather Lauf December 30, 2013

Farm Futures logoDid you spend time with your family this holiday season? When family gets together, sometimes communication patterns from the past can come up. And when you're part of a farm family who works together as well - let's just say it could get complicated if you get in a business disagreement with your business partner the day before Christmas.

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions, talks through some ideas for navigating the balancing act that needs to happen when you work with your family members. Read his blog post.

Farm Transitions Sometimes Happen within Generations

by Heather Lauf December 24, 2013

bMetzger64Transitions within the farm aren't always just to the next generation - think about farming partners within the same generation. Is your farm ready for those transitions? Listen to this interview with Ben Metzger, Director of Legacy Planning with Water Street Solutions, as he discusses that with Dewey Nelson of KRVN.  Farm Transitions Sometimes Happen within Generations Metzger AUDIO

Farm Metrics 101: A Lens for Your Farm's Debt

by Heather Lauf December 23, 2013

Farm Futures logoWhat are going to be the most important financial metrics for your farm in the next few years? A metric that looks at the debt you're servicing in your operation will be useful, especially if farms run into tighter margins in the coming years.

In his weekly Finance First post, Darren Frye, President and CEO of Water Street Solutions, talks about why you need to start tracking your term debt coverage ratio and how to figure it out. Read his blog post.

To hear more from Darren on important metrics for your farm, attend an Ag Edge Farm Business Seminar this winter.

Ready to Take Your Farm to the Next Level?

by Heather Lauf December 20, 2013

Darren at Ag EdgeAs you think about the future of your farm, what do you need to know or learn? Imagine a winter meeting where you interact with farmers and speakers who challenge your thinking on how to ensure the long-term legacy of your farm.

We just got back from our first Ag Edge farm business seminar in Lincoln, Nebraska - and farmers are talking about Dr. David Kohl's comments about the future of agriculture, Jolene Brown's thoughts on how to combine business and family and Darren Frye's message on using metrics in planning and leadership on the farm.

We're hearing that those who attended are wishing they'd brought along other family members to hear the ideas and practices that were presented. Who else in your operation would benefit from new perspectives on farm business?

You still have the opportunity to attend an Ag Edge seminar this winter. Check the dates for a seminar near you. The Peoria, Illinois seminar is quickly approaching - January 16 & 17 - so reserve your spot now by registering online or calling 309.680.1200.

Accountant-Farmer Communication - What's Most Important?

by Heather Lauf December 18, 2013

tBrhel64When you're talking with your accountant this winter, the goal is to get the right tax plan in place for your operation. But did you know that the way your accountant communicates with you can impact that plan? Listen to Tim Brhel, Ag Finance Specialist with Water Street Solutions, talk about it with Dewey Nelson of KRVNCommunicating with Your Accountant Brhel AUDIO

Farm Metrics 101: What's on Your Dashboard?

by Heather Lauf December 16, 2013

Farm Futures logoWhere does your operation stand? What metrics are you tracking - and, more importantly, what metrics really matter as we head into what could be a tougher time in ag?

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions, goes back to basics for a fresh look at why you need to be paying attention to your working capital and equity ratios right now. Read his blog post.

Darren talked about these metrics - and others you should be tracking on your farm - at the Ag Edge Farm Business Seminar that happened in Lincoln, Nebraska last week. Three more will still take place across the Midwest this winter - find one near you and register.

What Numbers Do You Need?

by Heather Lauf December 10, 2013

tBrhel64When it comes to making decisions for your farm business for 2014, what numbers could help you? It's tough to take action on financial plans for the coming crop year if you don't know where you're at. Tim Brhel talks with farm broadcaster Dewey Nelson of KRVN about how to figure it out.  What Numbers Do You Need Brhel AUDIO

Think About Farm Diversity

by Heather Lauf December 9, 2013

Corn and Soybean Digest web logoIs there a way to grow the farm beyond thinking in terms of more land, more yield or more livestock? Have you ever considered adding a different business to the farm? There are a few things to ask yourself before you take such a leap.

This month, Dean Heffta, Senior Director at Water Street Solutions, writes about ways to think about diversifying your farm. Read his column about that in the late November issue of Corn and Soybean Digest.

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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