Economics
Session focuses on global, US markets
When Todd Hultman, lead analyst for DTN, wanted to know why U.S. wheat prices were so low despite low ending stocks, all roads seemed to lead back to Russia. “It doesn’t make sense to me for wheat prices to be this cheap,” he said. “But when you look at the…
Finding the right financial advisor for you
Undoubtedly, most farmers would prefer to focus solely on the physical aspect of being a farmer, but unfortunately, there’s a whole other side to the occupation that needs regular attention. Bookkeeping, taxes, and legal planning are a big part of a successful operation, and many farmers have a team of…
Factors that could influence market conditions
According to Shawn Hackett, the upcoming growing season is shaping up to be hot and dry during the core, yield-determining midsummer period with the potential for a hard freeze in late spring, all thanks to the convergence of several major weather-influencing cycles. “We could have a situation that is really…
Farm bill implications for farmland owners
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
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
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
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…
Financial liquidity stress test
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
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
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…
