Borrowing from your company-paid 401k is a benefit that many are using to fund life’s necessities, so I occasionally hear, “Why do I need to put money into a life insurance policy when a 401k offers me the same benefits?” These “benefits” through a 401k are hardly the...
Discounted dollars still make sense. Did you know, today you are spending dollars that are more valuable than tomorrow’s dollar will be? If you are paying cash for anything, you are using a high-value dollar. Tomorrow that dollar will not be worth the same amount due...
Farmers today are farming like never before. They have higher yields than ever before, and the cost of doing business follows that same trend. It doesn’t take much to reach a million dollars in operating expenses, which are just some of the expenses farmers have...
Each morning my day starts by looking at the latest ag news. Today I was looking for something that had to do with the finance portion of the business and only saw one report talking about money. One website, in particular, I was looking at showed me two pages of news...
It’s Tax Time. I am not sure I know a farmer who doesn’t hate this time of year. You do everything you can do lower taxes. What about making money on those taxes? If you are one of those who is paying, there is something I want to bring to your attention...
If you are following me on FaceBook you have seen I just shared a post from the corncrops.com site written by Lindsay Mitchell entitled, “Are Farmers Rich.” She did a great job in a short blog addressing this questions so many people ask. She even states...
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