Items by Jennifer Rogers | KFBM Area Extension Specialist
Crop Budgeting is Vital in our Current Farm Environment
By Jennifer Rogers | KFBM Area Extension Specialist
Published on May. 30, 2025
There have been many conversations this spring surrounding crop projections and budgets. With the fear of instability in the crop markets due to foreign trade policy and the continued high costs of inputs, the profit margin for most row crop enterprises seem tight. These tight margins have emphasized the importance of projecting reve
Interest Rates and Refinancing
By Jennifer Rogers | KFBM Area Extension Specialist
Published on May. 24, 2024
It is no secret that interest rates have increased. In fact, the Federal Reserve increased interest rates 11 times between March 2022 and July 2023. This rise in interest rates has increased the cost that consumers and businesses pay on borrowed money at all levels. Our Kentucky farms are no exception to this increase in cost.&
Land Rental Agreements
By Jennifer Rogers | KFBM Area Extension Specialist
Published on May. 30, 2023
Land rental agreements can come in many shapes, sizes, parameters, and stipulations. Typically, we see three basic land rent types: cash rent, share rent, and the increasingly popular, flex rent. Each rental agreement is likely to be different. This article will just touch on the basics, realizing that each landlord and renter
Tax Management is Still Important – Even in a Down Year
By Jennifer Rogers | KFBM Area Extension Specialist
Published on Nov. 29, 2022
With farm production being down, compared to recent years, it may come as a surprise to many that tax management is still vitally important. Kentucky producers were blessed in 2021 with record yields and good prices, resulting in high revenues. While some of the 2021 revenue may have been recognized last year, many bushels of crops w
3 Tips for Farm Management During Rising Inflation
By Jennifer Rogers | KFBM Area Extension Specialist
Published on Apr. 28, 2022
With input prices on the increase and so many things changing with our economy, it is important that producers think about how to manage during rising inflation. There is nothing that we can do to control the prices that we have to pay for products, we can only make sound management decisions about what we purchase and how we manage cash,
Contractor or Employee?
By Jennifer Rogers | KFBM Area Extension Specialist
Published on Apr. 29, 2021
Extra help is often needed around the farm. It can be easy to get someone to come help out when needed and pay them at the end of the day for the job completed. What gets difficult is knowing the difference between contract labor and an employee. A lot of the time, this distinction between contractor or employee may not come up
PPP Loan Forgiveness
By Jennifer Rogers | KFBM Area Extension Specialist
Published on May. 27, 2020
Several weeks ago, Congress passed the CARES Act, which included legislation to provide loans to small businesses. One of the loans administered through the Small Business Administration (SBA) became commonly referred to as PPP loans, or Paycheck Protection Program. According to the SBA, the PPP loan “is designed to provide a direct