Farm Business

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Farm financial management – Getting started

Published on December 20, 2024
Beginning farmers should manage their finances to strive for profitability. Implementing a good accounting system and developing beginning and end of year balance sheets is an important start.
MSU Extension to host restricted use pesticide review and testing January 21 at Great Lakes Trade Expo

Published on December 17, 2024
MSU Extension, in partnership with MSU Pesticide Safety Education Program and MDARD, will host a restricted use pesticide (RUP) review and testing at the 2025 Great Lakes Trade Expo. RUP credits are available.
What are tariffs and how could they impact farm prices?

Published on December 16, 2024
A review of potential tariff impacts on input purchasing decisions.
MSU Custom Work Rates Report Summary

Published on December 10, 2024
2025 MSU Custom Work Rates Report Summary
MSU Custom Work Rates Report

Published on December 10, 2024
Custom Machine Work Rates for 2024
2025 MSU Custom Work Rates Report

Published on December 10, 2024
The 2025 report covers a wide range of field machine operations.
Funding Sources for Food-Related Businesses, Digital Directory Edition

Published on December 9, 2024
Explore an overview of various financing sources available to food-related businesses in Michigan and across the United States through this new digital directory format.
High oleic soybeans—still worth considering?

Published on December 5, 2024
High oleic soybeans have the potential to improve human health and increase farm profits for those able to take advantage of near-term opportunities.
MSU Extension to host restricted use pesticide review and testing on MSU campus December 19

Published on December 4, 2024
MSU Extension, in partnership with MSU Pesticide Safety Education Program and Michigan Department of Agriculture and Rural Development, will host a restricted use pesticide (RUP) review and exam session at the MSU Pavilion on Thursday, Dec. 19, 2024.
Michigan State University Extension to host Planning for Profit Workshop for farmers

Published on December 3, 2024
Michigan State University Extension will host a two-day workshop focused on budgeting and marketing in order to maximize producer profit.
Feedback sought on new resource for new and beginning farmers at 2024 GLEXPO

Published on December 3, 2024
The Beginning Farmer Resource and Decision Making Guide is a new jointly created resource in the works from MSU Extension and USDA.
MSU Extension hosts virtual Beginner Grazing School

Published on November 25, 2024
MSU Extension’s Beginner Grazing School will feature eight virtual sessions Tuesdays and Thursdays starting Jan. 7 and running through January 30, 2025, from 7-8:30 p.m. EST.
Tree fruit sessions at the 2024 Great Lakes Expo

Published on November 22, 2024
Learn about integrated pest management, drones, cider and more this December at the Great Lakes Fruit, Vegetable and Farm Market Expo.
MSU to host Marketing and Input Strategies program to discuss securing profits and minimizing input costs

Published on November 14, 2024
A virtual program from MSU Extension aimed at helping you navigate grain and input markets.
Bad years create tax planning opportunities

Published on November 12, 2024
Playing the long game in tax planning can minimize your overall tax liability.
Tax planning is a valuable tool for reducing your tax liability

Published on November 12, 2024
Farmers should consider adopting solid tax planning strategies that maintains consistent taxable income across multiple years.
Farm Financial Wellbeing Worksheet walkthrough

MSU Extension farm business management educator Florencia Colella provides a walkthrough across a sample farm financial wellbeing worksheet.
Understanding farm financial wellbeing

Published on November 8, 2024
Skilled farm decision-making considers overall farm and household wellbeing, of which finances are an important component.
Join the Beef and Swine Livestock Insurance program to discuss developing protection strategies for your livestock farm

Published on November 7, 2024
A virtual program from MSU Extension aimed at helping you navigate insurance policies and their use.
Negotiating reasonable land rent in times of low market prices

Published on November 5, 2024
How can you, the farm manager, help your landowners understand the impacts of lower prices and high input costs on profits?