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Successful Farming

Successful Farming

October 2020

Successful Farming magazine serves the diverse business, production, and family information needs of families who make farming and ranching their business. Get Successful Farming digital magazine subscription today and learn how to make money, save time, and grow your satisfaction in the farming business. True to its name, Successful Farming magazine is all about success. Every issue is packed with ideas readers can take right to the field, barn, shop, and office to increase their profit and to position their farming business for growth and success in the competitive and global industry of agriculture.

国家:
United States
语言:
English
出版商:
Meredith Corporation
出版周期:
Monthly
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13 期号

本期

2
only one way: forward

There are plenty of reasons to fall into the much-maligned pessimism of 2020: low crop prices, trade issues, weather concerns, political division, and – let’s not forget – a global pandemic. But let’s take a deep breath, just for a minute. First, you love what you do. Let’s lead with that. Farmers and ranchers are in it for many reasons – to make money and grow their family operation as a lifetime legacy – but the love of the land rises to the top. Second, your ancestors endured plenty of tough times, just like farmers and ranchers are today. (OK, let’s be honest, this downturn has been going on six or seven years… but who’s counting?) We do know some immutable facts: • American producers are unmatched for their productivity across the globe. • Our drive to…

1
long live farming

About 30% of family businesses – including farms and ranches – survive the transition from the founding generation to the second generation. 12% survive the transition from the second to the third generation. Only 3% survive to a fourth generation. BEGINNING FARMERS ARE THOSE WITH 10 OR FEWER YEARS OF EXPERIENCE. In 2017, beginning farmers accounted for 27% of producers in the U.S. Their average age was 46.3, and their farms were smaller than average in acres and sales. Sources: Family Business Institute, USDA 2017 Census of Agriculture Artwork: Getty Images, John Fedele, UfimtsevaV…

4
mitzi perdue

As the widow of one of the largest chicken producers in the U.S., Frank Perdue, Mitzi Perdue helps farm families develop and strengthen a culture that supports their deepest goals and values. She draws on the experience of Perdue Farms, a fourth-generation chicken company in business for 100 years, as well as her family, the Hendersons, which started the Sheraton Hotels chain (her father was cofounder). SF: You speak to farmers about succession planning. What is your basic premise? MP: Families who last are the ones who consciously teach their children they’re part of something bigger than themselves. It’s not about them; it’s about those who come after them. What they have now is borrowed from the future. Frank put enormous effort into telling family stories to the next generations. They know…

4
doug rebout

In south-central Wisconsin, Doug Rebout farms 4,000 acres with his brothers, Dan and David. The Rebouts grow corn, soybeans, winter wheat, and alfalfa. They raise Holstein and cross-bred steers and custom-raise heifers for neighbors, yet they sold their dairy cattle this year. It’s not only on the farm where Rebout puts in hard work and expresses his dedication to agriculture. Healso spends hours in boardrooms (now gone virtual) as a member of government task forces. His goal is to ensure farmers’ voices are heard in the development of policy and accessibility of resources. SF: How did you come to the decision to sell your dairy cows? DR: One of the main reasons was we were just tired of milking cows. We had a hired man for the past nine years who took a…

6
big subsidies, high income

Thanks to record-setting government aid, U.S. farm income this year will be the highest since 2013, according to USDA economists, offsetting the impacts of a trade war and pandemic. The bulk of USDA payments have flowed through stopgap programs like MFP and CFAP with a short life span. USDA farm payments, running at two or three times the usual level, would shrivel to the usual $10 billion to $15 billion a year in 2021 without a new infusion of money, and farm income would contract with it. “The projected drop in farm income in 2021 would certainly add to farm financial pressures that already exist,” said Pat Westhoff, director of the Food & Agricultural Policy Research Institute (FAPRI) think tank. “While much remains uncertain, the prospect of lower farm income is…

3
a fork in the road

After college and three years working for a farm equipment dealership, I married the love of my life. We moved back to work on my parents’ large grain and livestock farm. I found myself working from 7:30 a.m. to 10 p.m. every day, believing I would prove my worth and earn Dad’s approval to take the reins. Instead, my wife and I (and now two young children) found it to be a communication nightmare, a complete grind for me, and a disaster for my wife, who became depressed. After months of counseling, attempting communication with my parents, and escalating depression, I decided it would be best for me and my family to move away. This was a long-coming, tough decision. I now have a great job and the time to support…