Developing operating policies for a farm business can be time consuming and inconvenient. The easy thing to do may be to leave policies to chance. But this can run the risk of creating confusion and dissatisfaction for farm employees. And it can be costly for operators. 

To discuss more about farm business policies, how they can be beneficial and how to go about creating them, is Larry Van Tassel, professor and head of the Department of Agricultural Economics at UNL.