Farm Costs: Track Pieces, Build the Big Picture

by Heather Lauf September 30, 2013

Farm Futures logoHave you ever looked back at your farm costs and wondered: what happened? When you're working to manage expenses on your farm, using a good tracking system can help lead you to the best financial management decisions. And it can be helpful to see the results of the decisions you've been making.

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions shares some ideas on how tracking the farm's costs can lead to new insights. Read it HERE.

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.

Mistakes Happen: Find and Implement a Solution for Change

by Heather Lauf September 25, 2013

Corn and Soybean Digest web logoWhen mistakes are made on the farm, how do you choose to respond as the farm leader? What do you choose to do next? Our first instinct may be to blame the person who made the mistake - but there may be a more productive way to improve the process instead.

This month, Dean Heffta, Senior Director at Water Street Solutions has some ideas on how we choose to respond to mistakes on the farm.  Read his column about that in the September issue of Corn and Soybean Digest.

Managing Your Farm By the Numbers

by Heather Lauf September 24, 2013

tBrhel64Do you know the vital stats of your farm? Are you using them to make decisions for your business? If tougher financial times come to agriculture, knowing and using your farm's numbers is going to be more important than ever. Tim Brhel, an Ag Finance Specialist with Water Street Solutions talks about this with Dewey Nelson from KRVNManaging Your Farm By the Numbers Brhel AUDIO

Young Farmers: Plan for Financial Success

by Heather Lauf September 23, 2013

FarmFuturesLogoNEW (2)Farming is competitive across the board - and young farmers face additional challenges as they work to build their businesses. What can a young farmer do to increase the confidence of a lender, even though that farmer might not yet have an extensive financial track record?

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions shares some ideas young farmers can use to proactively plan and manage their farm's finances. Read it 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

The Risks of a Growing Farm Operation

by Heather Lauf September 16, 2013

FarmFuturesLogoNEW (2)What has changed on your farm lately? Maybe you've built a new building or grain bin. Maybe you recently renovated the farmhouse - or built a new one. The farm is growing and changing every day - but has your insurance agent kept up with all of the changes?

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions talks about one of the biggest risks on a growing farm: the farm's insurance isn't staying on top of the changes. And that can create huge, unnecessary risks. Read it HERE.

Arlan Suderman Speaks at Big Iron Farm Show

by Heather Lauf September 13, 2013

Arlan at Big IronOur Senior Market Analyst, Arlan Suderman, spent some time in West Fargo, North Dakota this week at the Big Iron Farm Show talking with farmers there about the markets. Here, he interviews with Red River Farm Network's Randy Koenen during the show.

You can listen to Arlan's market commentary on our website. He does closing audio analysis each day.

Your Farm's Growth Can Affect Your Legacy

by Heather Lauf September 10, 2013

bMetzger64Has your farm grown recently? It's probably clear what that means for you from a financial standpoint, but have you thought about what it might mean for the legacy you leave? Now may be the time to take another look. Ben Metzger, Director of Legacy Planning at Water Street Solutions talks about this with Dewey Nelson from KRVNYour Farm's Growth Can Affect Your Legacy Metzger AUDIO

Manage Your Farm by the Numbers

by Heather Lauf September 9, 2013

FarmFuturesLogoNEW (2)The financial strength you build in the good times in farming is what's going to count if we hit hard times ahead. What's the overall financial health of your operation like right now?

In his weekly Finance First post on FarmFutures.com, Darren Frye, President and CEO of Water Street Solutions has some ideas about how you can run your business by the numbers - and help make sure your farm will survive and thrive, even through down economic cycles. Read it HERE.

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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