- Adjusted Gross Revenue-Lite:
A Whole Farm Revenue Insurance Available in Wyoming
James B. Johnson, John P. Hewlett* and Duane Griffith Agricultural
Marketing Policy Center, Montana State University Cooperative Extension
Service, February 2008.
* University of Wyoming Extension Educator
Adjusted Gross Revenue-Lite (AGR-Lite)
is a federally-subsidized whole-farm revenue protection insurance plan.
The plan is a whole farm (ranch) revenue insurance that covers revenue
losses from most farm-raised crop commodities, animal commodities, and
unprocessed (unaltered) animal products such as milk and wool. The plan
protects against low revenue due to losses in production and declines in
product quality and market price.
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AGR-Lite Traning Course from
RightRiskTM
Rodney Sharp, Colorado State University
Cooperative Extension, John P. Hewlett, University of Wyoming
Cooperative Extension, and Jeffrey E. Tranel, Colorado State
University Cooperative Extension, March 2008.
A two-hour CD and internet-based course covering: Introduction to
Risk Management, AGR-Lite Overview, Application Process, In the Event of
a Loss, Documentation Considerations, and a Summary and Example in six
lessons. Also included are a glossary, resource links for
further research, and many other features.
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- Assessing
the Economic Status of Your Beef Cow Herd
Harlan Hughes, Tim Cross and Lee Meyer, 1996
A beef farmer or rancher should first look at his cash flow and equity situation,
second, he should look at his long-run solvency situation, third, he should determine if
he is a high cost or a low cost producer, and fourth, he should evaluate his herd’s
production efficiency.
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- Beef
Records: The Key To Profitability
Larry R. Corah, Kevin Dhuyvetter and Danny D. Simms, Kansas State
University Research & Extension, November 1989
Before deciding what type of records a cow/calf producer should keep, one must analyze
the factors influencing profitability in the cowherd enterprise. Keeping records is not
particularly enjoyable.
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- Benchmarking Your
Herd's Economic Facts
Harlan Hughes and Dwight Aakre, North Dakota State
University, 2002
Benchmarking is the process of conducting a comparative analysis of
your beef cow profit center with the averages of a set of benchmark herds
and is the single most powerful farm and ranch management tool available.
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- Being
Prepared to Manage Risk
Laurence M. Crane, National Crop Insurance Services, October 1998
"Be Prepared!" That's good advice for Boy Scouts and farmers. In fact, one
of the most difficult tasks farmers face is being prepared for unknown events.
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- Determining
Risk Exposure
Laurence M. Crane, National Crop Insurance Services, October 1998
Understanding exposure to risk is fundamental to farm business success. This implies
an understanding of risk sources, tradeoffs and management strategies.
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Enterprise Risk Analysis module from
RightRiskTM
John P. Hewlett, University of Wyoming
Extension; Jay Parsons, University of Nebraska-Lincoln; Jeffrey Tranel, Colorado State University; and William Taylor, University of Wyoming Extension, emeritus; August 2017.
An internet-based module including: 1) Self-study materials covering- What is an Enterprise, What is Risk, What is Risk Management, How is Risk Managed, Risk Management Process, Establishing Context, Enterprise Assessment, Risk Analysis, Risk Evaluation, Treatment Implementation, Case Study: Everett Ball Ranch, Case Study: Wilson Ranch, Resource links for further research. 2) Recorded webinar- Posted presentation slides, Posted Introduction, Posted ERA Module Overview presentation, Posted ERA Module Application presentation, Posted Q&A session; all in video and audio-only formats; 3) eBook document for further study; and many other features.
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- Equipment Lease
Analyzer
Raymond E. Massey, July 1998
The equipment lease analyzer is designed to answer 2 questions regarding leasing farm
equipment. First it seeks to determine whether a lease or a purchase is more profitable
and feasible from a cash flow perspective.
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- Family
Living Cost Major Factor Driving Business Size
David M. Kohl, Alex White, Dixie W. Reaves, Amanda Wilson, & Troy
Wilson, Virginia Cooperative Extension, 1996
The increase in family living costs that exceed the rate of inflation in recent years
has some serious implications to the farm family including the necessary farm size and
employment outside the business.
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- Financial
Management and Analysis
Rod Sharp, Cooperative
Extension Service Colorado State University, December
1999
Many
farmers have a natural gift for financial management and have been
quite successful in managing their business with little or no formal
training. Even these
people are learning, understanding, and using tools designed to
provide answers to a variety of different . . .
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- Fundamentals
of Investment Analysis
Don Lybecker, Cooperative
Extension Service Colorado State University, December
1999
Capital
investments for periods greater than one year are common in
agriculture. This article
defines the tools needed to appropriately analyze multi-year
investments to determine what effects those investments will have on
an operations financial situation.
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Getting On Track: Better Management Through Basic Ag Records course from
RightRiskTM
Trent Teegerstrom, University of Arizona, John P. Hewlett, University of Wyoming
Cooperative Extension, Rodney L. Sharp, Colorado State University
Cooperative Extension, and Jeffrey E. Tranel, Colorado State
University Cooperative Extension, July 2009.
A two-hour CD and internet-based course including four vignettes
titled: Preserving The Tradition, Putting All Your Eggs in One Basket
Get the Max From Your Tax, and 4-H Gone Hog Wild. Other topics covered
include: why keep records?, basic record keeping 5 easy steps, keeping
production records, keeping financial records, schedule F, where do I go
from here? A glossary, frequently asked questions, and resource links
are provided, along with example records systems and much more.
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Getting on Track: Better Management Through Basic Financial Statements from
RightRiskTM
Rodney L. Sharp, Colorado State University
Cooperative Extension, John P. Hewlett, University of Wyoming
Cooperative Extension, and Jeffrey E. Tranel, Colorado State
University Cooperative Extension, October 2011.
A two-hour CD and internet-based course covering: An introduction
to Financial Statements, Cash Flow Statements, Balance Sheets, Income Statements, Statement of Owner Equity, and Where Do I Go From Here?. Also included are a glossary, resource links for
further research, and many other features.
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Getting On Track: Understanding Financial Performance course from
RightRiskTM
Rodney L. Sharp, Colorado State University
Cooperative Extension, John P. Hewlett, University of Wyoming
Cooperative Extension, and Jeffrey E. Tranel, Colorado State
University Cooperative Extension, October 2012.
A two-hour CD and internet-based course including: what is financial analysis?, measures of liquidity, measures of solvency, measures of profitability, measures of financial efficiency, measures of repayment capacity, and where do I go
from here? A glossary, frequently asked questions, and resource links
are provided, along with example records systems and much more.
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- Have Farming Risks
Changed?
James B. Johnson and Vincent H. Smith, Montana State University, July 1998
Farm and ranch managers have been informed by many United States Department of
Agriculture and university economists that they are now managing their crops in a riskier
environment.
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- Integrated
Management and Setting Goals
John P. Hewlett, University of Wyoming, 1996
Integrated management is a method of managing the farm or ranch operation as a whole,
rather than as separate, unrelated enterprises. especially when commodity prices are down.
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- IRM Learning Teams
Harlan Hughes and Chris Bastian, North Dakota State University, 1996
The objective of this fact sheet is discuss the role that Integrated Resource
Management (IRM) Learning Teams can play in helping beef farmers and ranchers formulate a
management action plan designed specifically for the current tough times.
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- Leasing
vs. Buying Farm Machinery
Richard Edwards, Danny Klinefelter and Dean McCorkle, Texas Agricultural
Extension Service, May 1998
Equipment leasing has gained favor with farmers and ranchers in recent years. Leasing
often can be advantageous, but one must understand how leases work and how to compare the
costs of leasing and buying.
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- Leasing
vs. Buying Farm Machinery (Curriculum Guide)
Texas Agricultural Extension Service, May 1998
Goals and objectives: (1) understand the difference in the concepts of control of
equipment through purchasing, and leasing; (2) understand the terminology of purchasing
and leasing; (3) understand methods of comparing the costs associated with purchasing and
leasing and how these costs are derived; and (4) develop a net after tax cash flow table
to determine the least cost alternative for meeting their machinery input needs.
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- Loans
for Beginning Farmers and Ranchers
Farm Service Agency, December 1997
The Farm Service Agency (FSA) provides direct and guaranteed loan assistance for
beginning farmers and ranchers who are unable to obtain financing from commercial credit
sources.
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- Managing
Your Farm's Financial Risk
Gayle Willett, Washington State University Cooperative Extension Service, December
1998
The objective of this
chapter, Managing Your Farm’s Financial Risk, is to provide specific
strategies for managing financial risk faced by the farm business. The
chapter focuses primarily on credit, investment and cash
reserve/liquidity issues.
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- Managing
Your Farm's Financial Risk - PowerPoint Slides
Gayle Willett, Washington State University Cooperative Extension Service, December
1998
The objective of this
chapter, Managing Your Farm’s Financial Risk, is to provide specific
strategies for managing financial risk faced by the farm business. The
chapter focuses primarily on credit, investment and cash
reserve/liquidity issues.
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- Managing
Risk Through Farm Business Planning
Dr. Laurence Crane, National Crop Insurance Service
Today’s successful farmers are businessmen first and farmers second. Continued
success in the risk-laden world of agricultural production will be determined largely by
ability to anticipate and prepare for the future.
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- Managing
Risk in a Dynamic World Economy
Harold M. Harris, Jr., Geoffery A. Benson and Parr Rosson, Texas
Agricultural Extension Service, April 1998
This leaflet provides and overview of the globalization of U.S. agriculture, with
special emphasis on implications for risk management.
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- Managing
Risk in a Dynamic World Economy(Curriculum Guide)
Texas Agricultural Extension Service, April 1998
Goal and Objectives: (1) understand the key sources of risk related to the
globalization of agriculture and operating in a dynamic world economy, (2) understand the
relationship between agriculture and world trade, (3) understand why trade is important to
southern agriculture.
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- Managing
Your Herd's Composition
Russell Tronstad, The University of Arizona, 1996
Range cow culling and replacement decisions are driven by future cow productivity,
feed costs, and the current and future market value for replacements, calves, and
slaughter cows.
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- Pasture and Grazing Land
Price Information
Matthew A. Diersen, Extension Risk and Business
Management Specialist and Martin K. Beutler, Extension Economist, South
Dakota State University 2003
Pasture and grazing lands are a valuable resource with a
price determined by productivity and market forces. Various sources of
land price information are available; they are given here to improve your
awareness of prices that are available, when prices are . . .
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Risk Scenairo Planning Course: Evaluating Risk and Risk Management Strategies from
RightRiskTM
John P. Hewlett, University of Wyoming
Extension; Jay Parsons, University of Nebraska-Lincoln; and William Taylor, University of Wyoming Extension, emeritus; September 2016.
A two-hour CD and internet-based course covering: Introduction to Risk, Risk Strategies, Case Studies: Gates Creek Land & Livestock, Case Studies: Big Country Farms, Case Studies: Bell Livestock, Case Studies: Z-F Ranch, Risk Scenairo Planning Tool Overview, Expectations About the Future, Risk Management Framework, resource links for further research, and many other features.
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- Rural
Financial Trends: How Are Lenders and Interest Rates Changing?
Sue Hine and Dawn Thilmany, Cooperative
Extension Service Colorado State University, December
1999
This
report outlines some of the important trends in rural credit markets
including the types of lenders, volume of loans, interest rate trends
and some discussion of specific types and sizes of loans.
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- Valuation
of Raised Breeding Livestock
Damona G. Doye, Harry G. Haefner and Lori J. Shipman, Oklahoma Cooperative
Extension Service
This fact sheet explains the valuation methods for raised breeding
livestock.
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- What
Do Goals Mean to a Business?
Victoria Mundy & Karen Mundy, Virginia Cooperative Extension, 1997
Goals are written statements which describe a desired condition that
can be achieved through personal action. Goals are a statement of what you want life to be
and what you can do to make it that.
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