Author Archive


Putting the ‘Success’ Into an Effective Succession Plan

Posted on: June 26th, 2024 by

If you’re an older farmer with land and business assets, or even a younger one who owns property and you’ve started a family, chances are you’ve worried how those you leave behind will be taken care of after you’re gone, and how your farm’s legacy will live on. While I encourage anyone to write a […]

County Crop Insurance: Farm-to-Bank Translation

Posted on: November 21st, 2023 by

If you’re an Iowa corn farmer who carries crop insurance, chances are fair you’ll be submitting a claim for at least revenue losses for this year’s production under one or more policies. Even if your crop came through the late-summer extreme drought that enveloped northeastern-eastern Iowa from late August through October with little to no […]

The Limits of FDIC Insurance and Iowa’s Grain Indemnity Fund

Posted on: August 28th, 2023 by ,

Where’s Your Wealth Stored and How Safe Is It? Banks and grain elevators are the pillars of many rural communities. It can seem like they’ve always been there and will always be there. Some grain farmers might have more money in grain at the elevator than they do in the bank. Regardless, the failure of […]

Before buying or selling a farm, ask “Why?”

Posted on: January 24th, 2023 by

Note: This is part one of a two-part blog series on buying or selling a farm. For part two, “Selling a farm: capital idea or capital gains tax?” see here. You want to buy or sell a farm. Before you push a “For Sale” sign into the ground or negotiate with the owner, make sure […]

Don’t confuse money in the bank with profitability

Posted on: January 6th, 2023 by

You look at the December bank statement. It shows a checking account larger than a year ago. You’ve had a profitable year, right? Not necessarily. Just because you have money in the bank does not mean you made money. It may seem strange, but profitability and money in the bank are two different things, even […]