Recent News and Information

• Interpreting Financial Statements and Measures (IFSaM)
  The Center for Farm Financial Management has created an online video workshop series to help ag producers (and anyone who works with them) understand and use the 4 major financial statements and the 21 financial measures recommended by the Farm Financial Standards Council. IFSaM is a series of online videos that producers can work through at their own pace. Each session provides benchmarks, based on actual farms, that producers can use to evaluate their own financial position and their financial performance.
• ACRE for 2009? We're on the fence in late July (pdf)
• Weather-Related Livestock Sales
• Average Crop Revenue Election (ACRE) Program
• Average Crop Revenue Election (ACRE) Worksheet (xls)
Starting with the 2009 crop year, the Average Crop Revenue Election (ACRE) program is a new, optional safety net for farmers provided by Congress in the Food, Conservation, and Energy Act of 2008 (commonly called the farm bill). The ACRE program is based on changes in crop revenue. It is an alternative to the counter-cyclical (CC) program which is based only on changes in crop prices. Farmers have to choose between the two programs; they cannot receive benefits from both. At first, farmers may find this safety net based on crop revenue appealing; however, making this choice is more complicated than it first appears. The complexities essentially take away any possibility to develop simple decision rules or breakeven prices for farmers to make the decision to choose between ACRE and CC. The attached factsheet and Excel worksheet are designed to help farmers understand the ACRE program and to help farmers make the choice between ACRE and CC by estimating payments under different views of the future.
• Flexible Land Rental Agreements
• Flexible Land Rental Agreement Examples
• How the 2009 Federal Stimulus Package Will Affect Agriculture
• "Farm Decisions in the Current Economic Climate" by Kent Olson slides and text (pdf)
• Farm Bill Update: Conservation and Energy Programs (pdf)
• 2009 Ag Income Tax Update for Farm Families
  (Apr 2009) (pdf)
• Minnesota Crop Cost & Return Guide - 2009 (pdf)
• Projected 2009 Crop Enterprise Budgets for Corn Grain, Soybeans, and Wheat (xls)
• Cropland Rental Rates for Minnesota Counties - 2009 (html and pdf)
• Interactive Tool for Land Purchase Decisions (xls)
• Annie's Project
• Crop Insurance Procedures for Delayed Harvest and Aflatoxin Damage (pdf)
• Interactive 2007 Tax Rate Worksheet & Estimator (xls) - 2007 Tax Rates and Brackets for Self-Employed Income in MN (filing MFJ) by Jim Kurtz, Regional Extension Educator
• Grain Marketing is Simple (it's just not easy) - a new book by Ed Usset, University of Minnesota Extension grain marketing specialist
• Federal Crop Insurance Dates, Definitions & Provisions (pdf)
• Tax Planning for Crop Insurance Revenue (pdf)
• A Farm Bill for the Future: The Safety Net (pdf)
• Farm Bill Prospects and the Changing Economics of Agriculture, 2007 Minnesota Chapter ASFMRA Summer Seminar slides in color & slides in black/white (pdf)
• [more articles]

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Other Ag Business Management Resources

• Farm Management and Production Economics Resources
• Interpreting Financial Statements and Measures (IFSaM)
• Winning the Game
• Center for Farm Financial Management
• FINBIN
• Natl Ag Risk Library
• SWROC-FM
• MN Land Economies
• Dept of Applied Economics