University of Missouri Extension Farm Management Minute

Reduce risks that could affect your farming operation by creating a risk management plan. In this University of Missouri Extension Farm Management Minute, agricultural business field specialist Karisha Devlin shares five questions to answer as you create a risk management plan.

Before you make final decisions about what crops to plant and herd sizes to maintain this year, use University of Missouri Extension’s enterprise planning budgets to estimate your income and expenses. In this University of Missouri Farm Management Minute, Ryan Milhollin, agricultural economist, shares how these planning budgets can help you make decisions for your operation.

Land values rose in 2021. Rental rates may be next. Listen as Ray Massey describes Missouri land value and rental rate trends and outlook in this University of Missouri Extension Farm Management Minute.

If you’re raising pasture or forage this year, then prepare to pay significantly more for inputs. Listen to this University of Missouri Extension Farm Management Minute as Ray Massey, agricultural economist, details increasing costs for forage and pasture production and actions you should take as a producer.

If your farm had certain expenses in 2021, then you may need to file 1099s with the IRS. In this University of Missouri Extension Farm Management Minute, field specialist Mary Sobba explains why you may need to file a form 1099-NEC or form 1099-MISC and when these forms are due to the IRS.

Despite higher costs in 2022, corn and soybean revenues are expected to cover all input expenses for Missouri producers. In this Farm Management Minute, agricultural economist Ray Massey breaks down estimated corn and soybean income and costs for this year.

You may increase your farm’s revenue and profit by adding value to agricultural commodities. In this University of Missouri Extension Farm Management Minute, assistant professor Mallory Rahe explains how to create and capture value from the products your farm business sells.

Farms will face an uncertain financial environment in 2022. By updating their income statements for 2021, farms can gauge how to improve revenue and manage costs in the new year.

This Farm Management Minute features field specialist David Reinbott describing how to use a farm income statement to make decisions for your operation. 

If you’d like to rent more farmland next year, then introduce yourself to landowners by creating a farm resume. Agricultural business field specialist Karisha Devlin explains the six elements you should include in a farm resume in this Farm Management Minute.

It’s time to update your farm’s balance sheet, so you can track your financial performance. Community engagement specialist Jennifer Lutes shares tips you can use when updating your farm's balance sheet in this University of Missouri Extension Farm Management Minute.