Farm Growth Beyond Acres

by Heather Lauf February 1, 2013

CSD web logoMeasuring growth on your farm can go beyond the traditional concept of number of acres. Focusing only on number of acres can sometimes keep us from seeing the bigger picture of our growth. This month, Dean Heffta, Senior Director of Development at Water Street Solutions talks about a "balanced" way to measure your farm's growth in his Profits column in Corn and Soybean Digest. Read it HERE.

Ag Scholarships for College Students

by Heather Lauf January 30, 2013

Water Street Solutions will award five college scholarships to ag students for the 2013-14 academic year. The award includes a $1,600 scholarship and tuition to attend the 2013 Agriculture Future of America Leaders Conference ($1,000 value). Students from Illinois, Nebraska, Iowa, Indiana, Ohio, Minnesota and Kentucky are eligible to apply for these scholarships, and must be enrolled in an ag-related four year degree program.

Click here for more information on how to apply. The deadline to apply is March 15, 2013.

What Do Lemon Drops Have to Do With Succession Planning?

by Water Street Solutions January 29, 2013

Top Producer 2013 lemon dropsHere's a bowl of 1,000 lemon drops.  Ben Metzger from Water Street Solutions used this to show a point when he spoke to young farmers at Tomorrow's Top Producer in Chicago today.

One thousand lemon drops equals one thousand first generation farmers.  During the business transfer from the first generation to the second, 70% will fail, leaving

300 lemon drops.  Ninety percent don't transfer from the second generation to the third, leaving

30 lemon drops.  And from the third generation to the fourth, we lose 96%, leaving

one lemon drop.  So one in a thousand farms makes it to the fourth generation.  The point is, planning helps.

New Estate Tax Laws and How They Affect Farmers

by Water Street Solutions January 29, 2013

bMetzger64The Congress made some changes to the Estate Tax laws at the beginning of this month - and that means the situation is different for estate planning.  Ben Metzger, Director at Water Street Solutions talks through the changes with Dewey Nelson from KRVN.   New Estate Tax Laws and How They Affect Farmers - Metzger AUDIO

For the text of the interview, click here: New Estate Tax Laws and How They Affect Farmers

What Will Crop Insurance Look Like in 2013?

by Heather Lauf January 28, 2013

FarmFuturesLogoNEW (2)There's been a lot going on in Congress lately.  We had a drought last summer.  So what will the crop insurance program look like in 2013 - and beyond?  Darren Frye, President and CEO of Water Street Solutions has some information on farmers' top questions about 2013 crop insurance in his weekly Finance First post on www.farmfutures.com.  Read it HERE.

Tax Changes May Impact Farming Businesses

by Heather Lauf January 25, 2013

ILAgrinews_2013_Jan_Tax-changes-may-impact-farming-businessesThere are quite a few new tax changes out there as of the beginning of this month - that might impact your farm. Accountants are working to figure out how the new laws will affect your income taxes. This month in Money Matters in Illinois AgriNews, Darren Frye, President and CEO of Water Street Solutions, looks at the tax changes that will most likely impact your farm business in some way.

ILAgrinews_2013_Jan_Tax changes may impact farming businesses

Farm Financial Fitness - Resolve This!

by Water Street Solutions January 22, 2013

tBrhel64You might have already blown your new year's resolution by now.  So here's a new one that you can start, and still get some high impact.  How about financial fitness on your farm?  Tim Brhel, an Ag Finance Specialist with Water Street Solutions talks about this idea with Dewey Nelson from KRVNFarm Financial Fitness Brhel AUDIO

For the text of the interview, click here: Farm Financial Fitness - Resolve This!

2013 Farm Tax Highlights - A Look Ahead

by Heather Lauf January 21, 2013

FarmFuturesLogoNEW (2)Earlier this month, a new law was passed that will impact your farm's taxes. Knowing the changes and how they will affect you is an important step as you think about your tax plan.  Darren Frye, President and CEO of Water Street Solutions highlights some of the tax changes that may affect you the most in his weekly Finance First post on www.farmfutures.com.  Read it HERE.

Water Street Solutions to Sponsor Ag Scholarships

by Heather Lauf January 21, 2013

Water Street Solutions will award five college scholarships to ag students for the 2013-14 academic year. The award includes a $1,600 scholarship and tuition to attend the 2013 Agriculture Future of America Leaders Conference ($1,000 value). Students from Illinois, Nebraska, Iowa, Indiana, Ohio, Minnesota and Kentucky are eligible to apply for these scholarships, and must be enrolled in an ag-related four year degree program.

Click here for more information on how to apply.  The deadline to apply is March 15, 2013.

Build Farm Playbooks

by Heather Lauf January 18, 2013

CSD web logoHow can you make sure everyone on your farm is on the same page about what needs to get done - and all the details?  One strategy is to create a "farm playbook" that gives employees the details.  This month, Dean Heffta, Senior Director of Development at Water Street Solutions talks about how you can create a playbook in his Profits column in Corn and Soybean Digest.  Read it HERE.

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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All opinions expressed in this website are solely those of Water Street Advisory. Client testimonials are not indicative of future performance or success. There is significant risk of loss involved in commodity futures and options trading and may not be suitable for all investors. You should always consider these risks and evaluate your suitability based on your financial condition.

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