Economics

wheat field

Farm bill implications for farmland owners

By Tim Cobb
Owner, Farmland Company

It isn’t uncommon for farm bills to move past their legislative expiration as was the case this past September when the fiscal expiration of the current 2018 Farm Bill occurred. It also isn’t the first time Congress has moved to enact a short term, one-year extension to keep the current…

Farmers may find benefits in retirement plans for employees

By Guest Author Jordan Thayer

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…

Social Security, Medicare: Tips for navigating the system

By Trista Crossley
Editor

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…

Insurance woes

By Trista Crossley
Editor

Elevators across Eastern Washington are suddenly finding it hard to insure parts of their structures regardless of condition, and if they do find insurance, the price is sky high. Palouse Grain Growers Manager Mike Bagott said they were unable to renew the insurance on their wooden crib elevator through their…

wheat field

Financial liquidity stress test

By Dr. David Kohl
President, AgriVisions, LLC

A common theme played out over the decades is that the lack of working capital and financial liquidity is often the choke point for financial and economic sustainability. This has been observed numerous times over the years in governments, households, and businesses. The financial stress of inadequate liquidity often comes…

Successful asset allocation means different things at different times

By Guest Author Jordan Thayer

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….

Rising interest rates uncover investment opportunities

By Trista Crossley
Editor

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…

wheat field

Juggling the economic triple play

By Dr. David Kohl
President, AgriVisions, LLC

In baseball, a successful triple play only occurs when the convergence of events is navigated using precision execution. Moving to farm and ranch management, global macroeconomic, geopolitical, fiscal and monetary policies are resulting in the economic triple play. Strategic operations in an agribusiness requires one to simultaneously manage prices, costs…

wheat field

AMMO is coming to town

By Trista Crossley
Editor

The Agricultural Marketing and Management Organization (AMMO) is back, with a 2023 calendar that includes seminars on herbicides, taxes and the markets.  “We are excited to be fully back to in-person seminars this year. I think many people are tired of webinars and are looking for opportunities to get away…

wheat field

Honest retirement considerations for farmland

By Tim Cobb
Owner, Farmland Company

Ask an ag producer what three things they consider key to the overall success of their farming operation, and the prevalent response will be hard work, honesty and family relationships.  There isn’t a day that goes by that your farming operation doesn’t rely heavily on each of these key components…