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MANAGEMENT

Read how to improve your supervision of employees, financial matters, identification and record keeping. Learn more about land use issues that affect your operation.

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The livestock sector will see increased profitability this year, according to Dr. David Kohl, Virginia Tech ag economics professor emeritus. He cited low cattle numbers and solid demand for beef, and he noted the prior movement of land “resources out of cattle and into grain sales when that market was high. Only some of those folks will return.”

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During this time of the year, when cattle producers are loading and moving cattle, it is extremely important to pay attention to detail when it comes to safety. No one can afford to get seriously hurt or worse.

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Think about the last contract you signed. Did it contain an alternative dispute resolution clause? Did you agree to mediation or arbitration? Do you know the difference between the two and how either will impact your legal rights?

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For beginning stocker operator Joe Eisele, living in downstate New York was a potential problem if he ever wanted to expand his operation into a full-time business.

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The American Bankers Association has created a list of things to research when looking to buy land. They suggest knowing as much as you can so you know what you are getting into.

1. How much land are you acquiring? Sounds simple, but many times there is confusion about how much land is actually being purchased. Know exactly what you’re getting before making a bid.

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It has been estimated that we must double food production by the year 2050 due to population growth worldwide. There is also increased demand for animal proteins in diets of people worldwide. This demand must be met even though there is limited availability of arable land.

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