Items: Management & Finance
What to Do When You Don’t Have Enough Money
By Kayla Brashears | KFBM Area Extension Specialist
Published on Jul. 30, 2024
Several years ago, I wrote an article for the Economic & Policy Update, “What to do When You Have Too Much Money.” We’re having a full circle moment due to the volatility of the agriculture industry as Kentucky farms are experiencing a slide in profitability from the booming 2020, 2021, and 2022 crop years.
Should You Pay Your Kids to Work on the Farm?
By Kayla Brashears | KFBM Area Extension Specialist
Published on Jun. 27, 2024
Even in the year 2024, farming tends to be a family affair. The late nights and subsequent long hours can mean the most promising way to spend family time is by spending it together in the field or on the ranch.
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.&
Spring 2024 Farm Observations Across Kentucky
Published on Apr. 29, 2024
The Kentucky Farm Business Management Program is a program of the Department of Agricultural Economics at the University of Kentucky.
Maximizing Value: 2024 Spring Application of Broiler Litter for Grain Crop Production
By Jordan Shockley | Associate Extension Professor
Published on Mar. 28, 2024
Spring is here and grain producers across the state are gearing up for planting. One of the many decisions producers have to make before planting is in regard to their nutrient management plan. Broiler litter provides a great opportunity as a complete fertilizer and is being produced and used throughout the state in grain production.
Weathering the Storm
By Jerry Pierce | KFBM Program Coordinator
Published on Feb. 28, 2024
“Agriculture is by nature a cyclical industry.” So said the Federal Deposit Insurance Corporation (FDIC) in History of the Eighties - Lessons for the Future published in 1987. It still is, with net incomes cycling up and down over the decades. So how can farms “weather the storm” when farm income is cycling down?
Kentucky’s Agricultural Districts Program
By Jerry Pierce | KFBM Program Coordinator
Published on Jan. 30, 2024
Someone asked about Agricultural Districts recently. It sounded like a farm tax program, but I had to admit that I knew nothing about them, and that I would look into it.
The Economic Value of Applying Broiler Litter in the Fall 2023
By Jordan Shockley | Associate Extension Professor
Published on Nov. 29, 2023
Spring application of broiler litter is ideal for maximizing the economic value but faces challenges that include wet soil conditions, lack of time to spread litter near planting, and availability of litter in the spring.
The Corporate Transparency Act and its Potential Impact on Kentucky Businesses
By Jonathan Shepherd | Extension Specialist
Published on Nov. 29, 2023
On January 1, 2024, the Corporate Transparency Act (CTA) will go into effect, which has a potential impact on many of Kentucky's small businesses. This new law requires nearly all business entities to report their beneficial owners to the federal government.
Secrets of Successful Farm Managers
By Kayla Brashears | KFBM Area Extension Specialist
Published on Nov. 29, 2023
After spending over a decade analyzing a plethora of farm operations, I’ve learned a few things about what makes an operation successful. There isn’t a hidden formula anyone can follow to become successful, but there are best practices that operations can implement to position themselves favorably.
