University of Missouri Extension Farm Management Minute
The University of Missouri Extension Farm Management Minute shares a relevant tip, announcement or takeaway that listeners can use when managing their farms or agribusinesses. Aired first on radio stations throughout the state, the weekly segments educate Missourians about topics ranging from livestock production to crop production to general farm management. Take a minute to listen to the latest Farm Management Minute! keywords: mizzou, mu extension, cafnr, farm management, missouri farm, missouri agriculture, missouri agribusiness, #2xAg2030
Episodes
Amie Breshears, Agricultural Business Field Specialist with the University of Missouri, explains that if you are considering stocking up your freezer for the winter months by purchasing a whole or half animal from a local producer, understanding carcass yield is an important factor.
Learn more about buying meat direct from the farm in a new MU Extension guide. Find it at mizzou.us/buying meat.
Ryan Milhollin, agricultural economist, with University of Missouri Extension, explains there are new how-to videos and recources released by MU Extension that can help farm operators manage workers. The animated videos are shorter than 2.5 minutes each and guide Missouri farmers with best practices through the employment process — from recruitment to termination.
Find all the videos and related resources at mizzou.us/farmlabor
Through livestock risk protection (LRP) insurance, farmers engaged in livestock production can manage risk associated with market price volatility. Jason Morris, agriculture business specialist, with this University of Missouri explains, the advantages of obtaining an LRP insurance are many and provides protection against low market prices. LRP insurance covers beef, feeder cattle, swine and lambs.
For more information go to http:/...
Social media can be a powerful tool to build your local farm business. This is done by investing your time wisely and creating a strategy to meet your goals. Mallory Rahe, Associate Extension Professor, explains how social media can be a cost-effective way to improve your exposure by adding links to product listings, using quality photos, and providing contact information. It is through listening to customer feedback and responding...
Lenders want to gain an understanding of the financial and production capabilities of your farm. Denice Ferguson, Field Specialist in Agricultural Business explains, a well-developed enterprise budget can demonstrate to your lender the projected businesses costs and returns for an activity, such as raising livestock or producing grain, during a specific production period and enhance your prospects for funding.
To download the forag...
While there are dozens of online databases contain information related to any piece of land in the United States. Ray Massey, Agricultural Economist, with University of Missouri Extension explains, farmers, land owners, and lenders can find many of these databases in a single location – the University of Missouri Agsite Assessment Tool.
For more information on Agsite go to agsite.missouri.edu and click on the button that says “crea...
Planning budgets are available for cool-season and warm-season forages. Ryan Milhollin, Agricultural Economist, with University of Missouri Extension explains, you can use MU Extension’s enterprise planning budgets to estimate your income and expenses. The planning you do now can help prepare your farm for financial success next year.
To download the forage planning budgets, go to: muext.us/MissouriAgBudgets
Before you buy seeds for next year, you can evaluate alternative crops with your region’s agronomic conditions by using the Missouri Ag Intel Crop Suitability Maps. Mallory Rahe, associate professor, with the University of Missouri Extension explains, once you find your county, you can explore suitability by growing days, temperature, precipitation, and the soil’s drainage, pH and texture. To get started go to agintel.missouri.edu ...
If you struggle to fill temporary or seasonal on-farm jobs, then explore hiring workers through the H-2A visa program. Ryan Milhollin, agricultural economist, describes H-2A program requirements in this University of Missouri Extension Farm Management Minute.
Find more about employer requirements for H-2A workers at mizzou.us/H2A.
Livestock planning budgets for 2023 indicate a return to normal.Joe Horner, agricultural economist, discusses projected costs and returns for livestock producers in this University of Missouri Extension Farm Management Minute.
Download the 2023 budgets at mizzou.us/MissouriAgBudgets.
Crop production input prices are high however cost of production estimates indicate farmers can still make money on row crops. Ray Massey, agricultural economist with University of Missouri Extension, explains that while fertilizer and fuel prices have dropped from their highs several months ago, they are still higher than they were a year ago. Obtaining sufficient cash to put a crop into the ground in 2023 will be important.
For m...
American agriculture continues to evolve, and every five years the Census of Agriculture provides the most detailed look at these changes. Mallory Rahe, Associate Extension Professor, explains the Census of Agriculture provides insight into our nation’s farms and ranches, including total farm size, number of farms, age of producers, and land in different types of agricultural production.
Watch your mailbox and fill out your census ...
Due to weather, livestock producers in parts of Missouri sold animals this year as forage supplies dwindled and feed prices rose. Mary Sobba, field specialist, with University of Missouri Extension explains, these sales do have tax implications.
To see the Missouri farm income estimates, go to https://mizzou.us/WeatherTax
Find more about the Farm Management Minute series at https://extension.missouri.edu/programs/agricultural-busi...
Landowners who lease property for solar farms should carefully consider offers before signing the first document. In this University of Missouri Extension Farm Management Minute, field specialist Joe Horner explains that while solar energy leases can be lucrative, landowners should understand the various terms and documents before entering into a long-term agreement. These documents include the letter of intent and the lease agreem...
Verbal leases make up roughly half of all Missouri farm leases. If you are a party to a verbal farm lease, then know your rights and responsibilities. In this University of Missouri Extension Farm Management Minute, field specialist, Denice Ferguson, discusses the various obligations of landowners and tenants.
For more on Verbal Farm Rental Agreements, go to https://mizzou.us/verballease
Diversifying a livestock farm to co-graze multiple species can pay off. Jennifer Lutes explains how a recent MU Extension analysis found that a farm co-grazing cattle and goats would earn more profit per acre than a farm raising only cattle or only goats.
For more on co-grazing economics, go to mizzou.us/cograzing
#ExtendMU #2xAg2030 #AgBusinessMU
The Rural and Farm Finance Policy Analysis Center projects Missouri net farm income will rise to a record $4.2 billion in 2022. In this University of Missouri Extension Farm Management Minute, agricultural economist Bob Maltsbarger explains that the result of high crop and livestock receipts in relation to high expenditures is a tighter farm income outlook. To see the Missouri farm income estimates, go to https://mizzou.us/StateFar...
Landowners approached by wind energy developers need to understand the legal, business and family impacts of a wind lease before they sign an agreement. In this University of Missouri Extension Farm Management Minute, field specialist Joe Horner explains that wind energy agreements often include a combination of long-lasting leases and easements that may significantly impact surrounding land.
Individuals who are part of family-owned businesses face a difficult challenge — that is, how to navigate their family roles and business roles.
In this University of Missouri Extension Farm Management Minute, field specialist Wesley Tucker suggests several steps to distinguish between family and business roles.
To learn how to solve other role-related challenges, go to https://mizzou.us/farmroles
Double-check that your farm complies with the Occupational Safety and Health Act. In this University of Missouri Extension Farm Management Minute, agricultural economist Ryan Milhollin explains how the act applies to farms in order to keep agricultural workers safe.
Read more about the Occupational Safety and Health Act at mizzou.us/FarmSafety.
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