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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.

LATEST

A charitable remainder trust (CRT) enables a family selling a farm or ranch to avoid or defer tax on the sale and generate lifetime income for retirement. In addition to saving taxes and generating a lifetime income, a CRT provides several other benefits:

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Dr. W. Edwards Deming, the father of the quality movement in emphasizing the importance of learning to continuous improvement, stated:

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Due to the oil and gas boom happening across many parts of the country, landowners are being approached more often by pipeline companies seeking easements across private land for oil and gas pipeline projects.

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At a recent workshop, I told the audience that if they looked in any farming or ranching publication, they would find articles about cutting feed costs and improving production efficiency, but they wouldn’t find anything about reducing land, labor and other overhead costs.

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Travis Meteer, sales manager for the annual Illinois Performance Tested Bull Sale, offers these tips for consignors:

Develop a relationship with the buyer
Establish contact on sale day with the buyer and continue to keep the lines of communication open.

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At 5:30 a.m. you pull on your boots and, if there’s enough light, head to the pasture to see if the weaned calves broke the fence line.

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