Economy


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

Posted on: January 24th, 2023 by Keith Starr, Chief Financial Strategist

Note: This is part one of a two-part blog series on buying or selling a farm. 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 you’re doing it for the right reasons. We’ve advised many clients on how to […]

Don’t confuse money in the bank with profitability

Posted on: January 6th, 2023 by Keith Starr, Chief Financial Strategist

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 […]

Prices up, but some farmers in financial straits

Posted on: October 26th, 2022 by Ag & Business Legal Strategies

Commodity prices are trending higher, yet many farmers are struggling to pay their bills. The reasons are varied but could spell disaster if producers don’t get a handle on their finances. So say Joe Peiffer, founder and shareholder of Ag & Business Legal Strategies, and Keith Starr, the firm’s chief financial strategist, as they discuss […]

Looking to 2022: Can You Weather the Financial Storm?

Posted on: December 21st, 2021 by Kate Langworthy, ABLS Blog Contributor

Few things capture the attention of agricultural producers like the weather. Farmers and ranchers often check the forecast multiple times a day in an attempt to stay ahead of any chances of inclement conditions. Wind, precipitation, and extreme temperatures can have significant effects on the health of animals and crops alike, so it is important […]

Joe Peiffer on The Big Show 9/17/2021

Posted on: September 23rd, 2021 by Mike Peiffer

Attorney Joseph Peiffer recently chatted with Andy Petersen from The Big Show about how to plan ahead looking forward from the beginning of harvest. Listen below and feel free to read along! Andy Petersen: Well, let’s talk a little agricultural business here with a good Big Show buddy, and a business expert, Joe Peiffer, Ag […]

Farmers In Crisis

Posted on: November 18th, 2019 by Mike Peiffer

Joe Peiffer was recently quoted in the Wall Street Journal in an article entitled “Farmers in Crisis Turn to High-Interest Loans as Banks Pull Back.” You can read the full article here: WSJ 11/10/2019 or read the highlights below: “Some bankruptcy attorneys said costlier terms from nonbank lenders can make it hard for farmers to […]

Farms on the Margins: Debt Figures Raise Questions of Whether Farm Debt is on Cruise Control

Posted on: March 21st, 2019 by Mike Peiffer

Joe Peiffer recently chatted with Chris Clayton of Progressive Farmer/DTN regarding the current farm situation. Article: https://www.dtnpf.com/agriculture/web/Ag/news/business-inputs/article/2019/03/19/debt-figures-raise-questions-whether Excerpts: “Right now, we’re having many people find out shortly before they have to pay rent that they aren’t going to have financing,” said Peiffer, who works with farmers in Iowa and Illinois. Some of these farmers needed millions […]

Crisis Resources

Posted on: July 18th, 2018 by Mike Peiffer

Farming is good honest work, but it can be stressful and bad situations can feel overwhelming. Crisis may be as close as next harvest, or a bank not renewing the crop note. If you’re feeling like you don’t have what it takes to keep going, ask for help; there are resources available to people just […]

Joe Peiffer on the Big Show – Cash Flows

Posted on: May 8th, 2018 by Mike Peiffer

Joe Peiffer had the opportunity this week to talk with Doug Cooper on The Big Show regarding cash flows. Listen below! DC: There was some concern going into this year’s planting season that some farmers may have some cash flow issues with their bankers.  Joe Peiffer is a bankruptcy lawyer with Ag & Business Legal […]