June, 2010
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You Can Use an IRA Too – Maybe!
My post from yesterday resulted in several comments and questions that I would like to respond to. One comment is that code section 4975 deals with prohibited transactions regarding you and your pension plan or IRA. There are severe penalties for not obeying the rules regarding these transactions. However, if you obey the rules, the […]
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Tap Your 401(k) to Start Your Farm Business
I know that many of our readers currently have jobs not related to farming, however, you would like to leave that job and start farming on a full-time basis. One of the major drawbacks to doing this is the lack of capital. However, many of you could have a substantial asset that you could tap […]
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The Law of Diminishing Returns
In my post yesterday, I indicated that maximizing your net return per acre was more important than the most yield per acre. One of our readers wrote a great comment regarding how their operation tries to maximize their yield to achieve the most net revenue per acre. My post should have stressed that your farm operation […]
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Net Revenue Per Acre Trumps Yield Per Acre
I was watching Agday yesterday and noted in the business section that Mark Gold of Top-Third Marketing was the guest and had a discussion on how gross revenue per acre was more important than yield per acre. His insight is that it can be more important to budget for getting top marketing dollars for your […]