Results from the 2017 U.S. Census of Agriculture have been published, and the picture of farming is changing. There are over 321,000 producers under the age of 35, and that ratio is growing as older generations pass on management of their farms. The USDA report says, “Farms with young producers making decisions tend to be…
More women are climbing into tractors, applying fertilizer, selling grain, and making important business decisions for their operations. According to the United States Department of Agriculture (USDA), the number of female producers increased by 27% from 2012 to 2017, to 1.2 million female farmers working 388 million acres and making almost $150 billion in sales.
Measurement is the key to performance evaluation, and targeted benchmarks will provide a built-in pathway to knowing whether you’re meeting, exceeding, or falling short of your goals. So, what are the main ways to successfully analyze farm performance? Consider these top-five steps: 1) Establish and track profit per acre and/or breakeven production Among the key…
New offerings aim to help farmers “keep their business on track” DECATUR, Ill., Aug. 22, 2017—Archer Daniels Midland Company (NYSE: ADM) will showcase a variety of new products, services and mobile technology designed to help farmers “keep their business on track” at this year’s 64th annual Farm Progress Show, Aug. 29-31, in Decatur, Illinois. Farm…
Women farm managers are growing in number and rank. According to the most recent U.S. Census of Agriculture, female operators now make up 36% of farmers and work on 56% of all farms. Their role is growing, too. Most make some farm business decisions or manage the finances, and about 38% are the primary decision-maker.…
