Reading Time: 6 minutes Since its passage on March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act continues to be aggressively dissected, digested, and questioned by lawyers, accountants, HR and payroll administrators alike – with the intent to help businesses secure funding to endure the economic downturn caused by the COVID-19 pandemic. …
Read moreCARES Act FAQs: Helpful Loan Guidance for Businesses
Reading Time: 2 minutes While big agriculture businesses have been using data to their advantage for a while now, we’re only starting to see the tools to use this data go mainstream among growers. There are robust choices now, and it’s wise to use an independent platform that doesn’t sell or use farm data, …
Read moreHow Data is Helping Growers Prepare for Negative Impacts
Reading Time: 2 minutes By Thomas Eatherly Midwest agriculture has had to rewrite the book for making smart crop decisions this year. Weather has prompted delivery, logistics, and storage issues for some growers, and a rush to market for others. This growing season has been challenging at best – with the cool, cloudy weather …
Read moreMidwest Crop Checkup: Are You Stress Testing Your Decisions?
Reading Time: < 1 minute If you’re still using Excel and other software programs to track crop rotation and inputs, but are struggling to tally the full costs involved in all the crops you grow, you are missing out on the total profitability picture. Running your business without complete and accurate data is certain to …
Reading Time: 2 minutes Today’s ag environment shows commodity prices are below break-even for some operators, while barely budging the break-even level for others. Economists have referred to this situation as “a grinder effect.” Meaning, the profitability level is grinding away at working capital little by little. Ultimately, this effect impacts the efforts needed …