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.

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

Illinois Farmer Puts Together Risk Management Plan with Water Street Solutions

by Heather Lauf September 5, 2013

PJ and Char Thompson 1PJ and Char Thompson of Little York, Illinois work with Water Street Solutions in several areas of their farm operation. They talked about how working on the financials of their business with Water Street has helped them keep track of important information:

"We were looking for someone to put the total package together for us - accounting, financials, marketing and bookkeeping. We're getting that all put together with Water Street to manage our risk. Our advisors are good listeners and very organized. They help keep us on the right track so information flows as often as possible.

Doing bookkeeping with Water Street is more efficient and accurate than what we had used previously. They've helped us to become more detail-oriented with documenting our expenses. We wanted to partner with Water Street for bookkeeping because it's one less thing for us to have on our minds. We wanted one company to handle everything - and Water Street is a good fit for that."

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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All opinions expressed in this website are solely those of Water Street Advisory. Client testimonials are not indicative of future performance or success. There is significant risk of loss involved in commodity futures and options trading and may not be suitable for all investors. You should always consider these risks and evaluate your suitability based on your financial condition.

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