Employer-sponsored retirement plans aren’t just for big corporations. Even farmers with only a few employees might find there are benefits and advantages to offering a retirement plan. What are the advantages to having an employer-sponsored retirement plan? There are many options, but the most popular tend to be a Simplified…
For anybody, including farmers, approaching the traditional retirement age, social security and Medicare begin looming large on the horizon. These large government programs can seem overwhelming and confusing to navigate, leaving one wondering where to start. “Navigating is an appropriate term as it can feel like you’re a bit lost…
Washington wheat is known all over the world for its quality and keeping that quality high is due, in large part, to growers like Derek Schafer, who’s been growing registered and certified seed for more than 20 years. Schafer, who farms outside of Ritzville, Wash., said he uses approximately 20%…
What is asset allocation, and why is it important for farmers to get it right? Jordan Thayer, a financial advisor with Morgan Stanley, breaks it down. Define assets in this context. Essentially, asset allocation is the decision surrounding what percentage of your investments should be in stocks vs. bonds vs….
While it may be hard to find the bright side of rising interest rates — just ask a Washington wheat farmer who’s already dealing with high input costs — there are investment opportunities to be found. According to Jordan Thayer, a financial advisor with Morgan Stanley, banks may charge more…
Pacific Northwest (PNW) dryland wheat growers often feel like square pegs trying to fit round holes when it comes to programs designed with Midwest farmers in mind. That’s still the case with carbon credit programs. Even as the carbon credit landscape continues to develop, opportunities for Eastern Washington farmers remain…
To date, most carbon market programs are based on Midwest data and target Midwest growers and growing conditions, but there are a couple open to Pacific Northwest growers. (Please note, the Washington Association of Wheat Growers (and Wheat Life) does not promote or recommend any program over another and presents…
For the past four years, Mader Enterprises has been practicing harvest weed seed control on their farm near Pullman, Wash. In late October, area growers gathered at Greg Mader’s farm shop to hear some of the things they’ve learned and to meet one of the experts on harvest weed seed…
Have commodity farmers become so efficient that they’re hurting themselves and the rural communities that they live in? Finding ways to add value to a crop could bolster the bottom lines of both. “We are producing more than we ever have before, and we are doing it cheaper than we…
With wheat prices hovering north of $10 per bushel, wheat growers may look like they are doing pretty well, but appearances can be deceiving as rising production costs keep eating away at producers’ profits. According to U.S. Department of Agriculture (USDA) estimates, total U.S. production expenses increased 5.5 percent from…
