Don't Fall in Love with Your Farm's Assets

by Kim Lang June 4, 2013

dFryeoldA lot of times farmers have a hard time selling grain because of the emotion surrounding the process.  The same thing can happen with other assets on the farm when we are not focusing on the business' bottom line.  Darren Frye, President and CEO of Water Street Solutions talks about that with Dewey Nelson from KRVN.   Don't Fall in Love with Your Farm's Assets Frye AUDIO

For the text of the interview, click here: Don't Fall in Love with Your Farm's Assets

What Happens if You Don't Have a Transition Plan for Your Farm? VIDEO

by Kim Lang May 31, 2013

You know it's something that you have to do "when you have time".  But perhaps you just need to make time instead of continually putting it off.  Think of it as a gift you give to the next generation and to your legacy.  This VIDEO contains more information.  After you watch it, show it to Mom and Dad.

Building Your Labor Team on the Farm

by Kim Lang May 28, 2013

dHeffta64Hiring and managing employees on the farm is tricky....because you probably didn't get into farming because you wanted to be a people manager.  It comes with the territory as you grow your operation.  Dean Heffta, Senior Director of Development at Water Street Solutions talks with KRVN's Dewey Nelson with some pointers about communicating with employees.   Building Your Team on the Farm Heffta AUDIO

For the text of the interview, click here: Building Your Labor Team on the Farm

If You Have a Will, Do You Need an Estate Plan?

by Kim Lang May 22, 2013

bHensley64There are a lot of terms involved in the process of passing your farming business to the next generation.  Let's say you have a will that designates who will own the farm next.  Are you done?  Not if you want the next generation to continue to farm profitably.  This video contains more detail.

Managing Price Risk This Growing Season

by Kim Lang May 21, 2013

dFrye64May12Commodity markets are lower today after reports that farmers planted last week at a record pace.  Darren Frye, President and CEO of Water Street Solutions says farmers need to use the tools available to manage risk, and that should include more than just crop insurance.  He talked about this with KRVN's Dewey Nelson.   Managing Risk This Growing Season Frye AUDIO

For the text of the interview, click here: Managing Price Risk This Growing Season

Farmers Need Crop Insurance to Manage Risk - Op Ed

by Kim Lang May 20, 2013

Andrew Bowman editorialAs the Farm Bill moves forward in Washington, many will be watching what happens to crop insurance.  Andrew Bowman is a fifth generation farmer and ag risk advisor from Oneida, IL.  He wrote this Op Ed to the Peoria Journal Star.  He does a nice job of adding perspective to the debate.   Andrew Bowman editorial

Building a Resilient Farm Strategy

by Kim Lang May 14, 2013

dHeffta64Farming sure has changed.  It really echos the general economy, technology, attitudes.  And it's hard to participate in the upside if you stick with rigid ways based on the past.  The topic today is resilience, and Dean Heffta, Senior Director of Development for Water Street Solutions addresses that with Dewey Nelson from KRVN.   Building a Resilient Farm Strategy Heffta AUDIO

For the text of the interview, click here: Building a Resilient Farm Strategy

Crop Insurance and the Cold Wet Spring

by Kim Lang May 7, 2013

dEtheridge64Planting plans could be changing based on the weather this spring.  Make sure to take crop insurance policies into account when making your decisions.  If you don't follow the rules, you could be making some costly mistakes, according to Deb Etheridge, Vice President of Insurance with Water Street Solutions.  She talks about this with Dewey Nelson from KRVNCrop Insurance Rules in a Wet Spring Etheridge AUDIO

For the text of the interview, click here: Crop Insurance and the Cold Wet Spring

A Succession Plan is Hard to Put in a Template - So Work with Someone Who Works to Understand Your Farm

by Kim Lang May 2, 2013

Sure, you can just fill out some online form and call it good for your business succession plan and legacy plan.  But that's probably not going to get you a great transition to the next farming generation.  Take a look at THIS SHORT VIDEO for more detail. 

Water Street Solutions has three legacy advisors who can work with you. 

Harness the Power of Your Tractor Time and Your Business Gauges

by Kim Lang April 30, 2013

dDam64Once you finally get in the field, you'll be going hard - but you should have some thinking time in the cab.  David Dam, Director of Training at Water Street Solutions gives you something to think about.  He talks about it here with Dewey Nelson from KRVNHarness the Power of Your Tractor Time and Your Business Gauges  Dam AUDIO

For the text of the interview, click here: Harness the Power of Your Tractor Time and Your Business Gauges

About Water Street Solutions

Water Street Solutions helps farmers with profitability, using a business model that you won't find anywhere else. Experts in ag finance, crop insurance, commodity marketing and legacy planning work together on a plan tailored for your farm.

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